Explain the Division of Consumer Products Based on the Ways

question 116

Essay

Explain the division of consumer products based on the ways they are used and purchased.Provide one example for each product type to support your answer.

---

Definitions:

Venture Capitalist

An investor who provides capital to startup companies or supports small companies that wish to expand but do not have access to equities markets.

Board of Directors

A group of individuals elected to represent shareholders and make key decisions on governance and policy direction for an organization.

Financial Institution

Organizations that provide financial services to its clients or members, including banks, credit unions, stock brokerages, and insurance companies.

Initial Public Offering

The process by which a private company becomes publicly traded by offering its shares to the public for the first time.