For a product such as staples, which of the following determines whether it is a consumer product or a business product?
A) Quantity purchased
B) Use of the product
C) Basic function the product provides
D) Whether it is purchased for cash or credit
E) Need satisfied

Question

Quizplus · Accepted Answer

The use of the product determines whether it is a consumer product or a business product. If the product is used by individuals or households for personal consumption, then it is a consumer product. However, if it is used by businesses or organizations for their daily operations or to produce other goods and services, then it is a business product. In the case of staples, if they are purchased for personal use at home, they are a consumer product, but if they are purchased for use in an office or commercial setting, they are a business product. The other options may be factors that influence purchasing decisions but do not necessarily determine whether the product is a consumer or business product.

For a Product Such as Staples, Which of the Following