A product is defined as a business product rather than consumer good on the basis of which of the following?

Question

Quizplus · Accepted Answer

Intended use is the key factor in differentiating between a business product and a consumer good. Business products are used in the production of other goods and services, while consumer goods are used for personal consumption. Physical characteristics, price, and distribution methods are not the defining factors in distinguishing between the two types of products.

A Product Is Defined as a Business Product Rather Than