Define Consumer Products and Business Products and Provide an Example

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Examlex · Accepted Answer

The Answer is Consumer products-often known as business-to-consumer (B2C)products-are goods and services,such as GPS systems,tomato sauce,and a haircut,that are purchased by end users.Business products-or business-to-business (B2B)products-are goods and services purchased to be used,either directly or indirectly,in the production of other goods for resale;for example,an espresso machine at a coffee cafe or a printing press at a printer.Some products can fit either classification depending on who buys them and why.A computer or credit card can be used by a business or a consumer.

Define Consumer Products and Business Products and Provide an Example

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