In business markets,products are generally classified on the basis of:

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In business markets, products are generally classified based on the type of purchaser and reason for purchase, such as raw materials, components, or finished goods. This classification helps businesses to identify their target buyers and understand the specific requirements, needs, and expectations of each category of purchasers. Price, durability, size, weight, and promotion may also be important factors, but they are often secondary to the buyer's purpose and use for the product.

In Business Markets,products Are Generally Classified on the Basis Of