Business products are
A) purchased for personal consumption.
B) chosen on the basis of preferences expressed by a business procurement department.
C) purchased for both their functional aspects and their psychological rewards.
D) classified according to their characteristics and intended uses.
E) not purchased by nonbusiness organizations.

Question

Quizplus · Accepted Answer

Business products are classified according to their characteristics and intended uses. This is because businesses buy products for specific purposes, such as resale or production, rather than for personal consumption. The categorization of these products helps businesses identify the products they need and make informed purchasing decisions. Choices A, B, C, and E are incorrect because they do not accurately describe the nature of business products.

Business Products Are