Some products can be classified as either a business or a consumer product depending on ______.
A) the type of product/service
B) the cost of the product/service
C) where the product/service is sold
D) who buys the product/service and why

Question

Quizplus · Accepted Answer

The classification of a product as a business or consumer product depends on who buys the product and why. If it is bought for personal use, it is categorized as a consumer product, and if it is purchased for business purposes or for resale, it is classified as a business product. The type of product, cost, and where it is sold do not necessarily determine its classification as a business or consumer product.

Some Products Can Be Classified as Either a Business or a Consumer