Classification of Product
Marketing S.S.S 1 First Term
WEEK 8
Classification of Product
Performance Objectives
Students should be able to explain:
1. Meaning of product
2. Classification of product
3. Industrial goods
4. Consumer goods
5. Differences between goods and services
Content
1. Meaning of product
2. Classification of product
3. Industrial goods
4. Consumer goods
5. Differences between goods and services
Meaning of Product
A product could be defined or described as anything that can be offered to a market for attention, acquisition, use or consumption. It includes physical objects, services, personalities, places, organisations and ideas. Generally, a product refers to anything that can be offered to a market to satisfy a need or want.
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.