The Factor That Determines Whether a Product Is Classified as a Consumer

question 196

Multiple Choice

The factor that determines whether a product is classified as a consumer product or an industrial product is:

• A) the end use of the product.
• B) the decision-making process used to purchase the good or service.
• C) who the buyer represents.
• D) whether the good is new or useD.

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Definitions:

Printer Paper

Specially designed paper intended for printing documents, photos, and other images using a printer.

Business Products

Goods and services purchased by organizations for use in their operations, production, or to be resold.

Supplies

Items or materials necessary for the operation of businesses, schools, homes, etc., which are consumed or worn out during use.

Business Products

Goods and services sold to other businesses for the purpose of resale, use in production, or general business operations.