A product is defined as a business product rather than a consumer product on the basis of its _____.

Question

A product is defined as a business product rather than a consumer product on the basis of its _____.​

Quizplus · Accepted Answer

A business product is intended for use in the production of other goods and services or for use in an organization's operations. In contrast, a consumer product is intended for personal use or consumption. Therefore, the intended use is the primary factor that determines whether a product is classified as a business or consumer product. Physical characteristics, price, and distribution method may also differ, but they are not the defining features of a business product.

A Product Is Defined as a Business Product Rather Than