Industrial Products
Products bought by Industrial & organisations for further processing or for use in conducting a business. Industrial products can be classified in to 3 goods.
Raw material & Parts
Capital Items
Supplies & services
Raw material and Parts: Raw Material consist of form products (wheat, cotton fruits & vegetables etc…) and natural products (Crude oil, Iron, Ore).
Capital Items: Capital Items are industrial products that are in the buyers production operations including installation & accessory equipment. Installation consists of major purchases if such as building, factories, offices & fixed equipments. (Generators, Large computer system etc…) Accessory includes affordable factory equipment & tools (Lifts, Trucks) & office equipment (Fax Machines, Desks)
Supplies & Services: The final group of business product is supplies & services. Supplies include operating supplies (Lubricant Oil, coal, Stationery etc…) & repairs & maintenance items (Paint, broom & etc…)
Source: Books & Notes
Tags: Buying Behaviour, Capital Items, Consumer Behaviour, Consumer Buying Behaviour, Consumer Buying process, finance, Financial management, Human Resource, Human Resource Management, Industrial Products, Management, Marketing Management, MBA Accounting, MBA Career, MBA Finance, MBA Marketing, MBA Notes, MBA Part Time, MBA Part Time Jobs, MBA project, MBA Projects, Organisation, organisational Behaviour, Raw material and Parts, Supplies & Services
By: Management Duniya
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