The factor that determines whether a product is classified as a consumer product or an industrial product is:

Question

Quizplus · Accepted Answer

The end use of the product is the determining factor in whether a product is classified as a consumer product or an industrial product. Consumer products are used for personal consumption or by households, while industrial products are used in the production of other goods or services. The decision-making process or whether the good is new or used may factor into the marketing strategy for the product, but it does not determine its classification. The CEO may be involved in decision making, but ultimately it is the product's end use that determines its classification.

The Factor That Determines Whether a Product Is Classified as a Consumer