An example of a convenience consumer product is Petrol. A convenience product is a consumer product or service that customers normally buy frequently, immediately and without great comparison or buying effort.
Which one of the following is NOT an industrial product?
Computer software to help people complete personal tax forms is NOT an industrial product. An industrial product is a good used by a company for business consumption.
Sai Nath called several airlines to compare rates and chose a flight on British Midland as it had a better reputation for service and competitive prices. The airline ticket is an example of which type of product?
The airline ticket is an example of which type of product Shopping. Shopping products refer to items that the consumers purchase less frequently and compare with available alternatives in the market. Consumers need time, planning and efforts to take the final decision whether to buy the product or not.
Large tools and machines used in a production process for a considerable length of time are classified as
Large tools and machines used in a production process for a considerable length of time are classified as Major equipment. Process equipment can be used for tasks a varied as storage, controlling flow, and containing chemical reactions.