Which of the following is always used to determine the classification of a good?
A) Buyer's intent for using the product
B) Amount of shopping required by the buyer to obtain the product
C) Price of the product
D) Specific product features
E) Industry competitors

Question

Quizplus · Accepted Answer

The classification of a good is primarily determined by the buyer's intent for using the product, as it dictates whether the good is a consumer or industrial product.

Which of the Following Is Always Used to Determine the Classification