Explain the Difference Between Consumer Products and Business Products

question 26

Essay

Explain the difference between consumer products and business products. Why are some products difficult to categorize as one or the other? Give an example of a business product, a consumer product, and a product that is difficult to categorize.

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Definitions:

Full-line Discount Store

Retail establishments that offer a wide range of products at reduced prices, typically in a large-store format.

Service Retailer

A firm that primarily sells services rather than merchandise.

Pharmaceutical

Relating to the preparation, dispensing, and effective use of medicinal drugs for treating or preventing diseases.

Personal Grooming

Relates to an individual's routine to maintain cleanliness, appearance, and hygiene for personal and professional impressions.