Product Classifications

A prouduct is classified into:
1) Durability and Tangibility a) Non-durable goods b) Durable goods c) Services 2) Consumer goods Classification: Classified according to shopping habits a) Convenience goods b) Shopping goods c) Specialty goods d) Unsought goods
3 Industrial Goods Classification 1) Material and parts i-raw material ii-manufactured materials and parts 2) Capital items a) installations and b) equipment 3) Supplies and business services.