A product is defined as a business product rather than consumer good on the basis of its:

Question

Quizplus · Accepted Answer

The intended use of the product determines whether it is a business product or a consumer good. Business products are intended for use in the production process or for resale, while consumer goods are intended for personal consumption. Physical characteristics, price, distribution method, and tangible attributes may be factors, but they are not the defining criteria for categorizing a product as a business product.

A Product Is Defined as a Business Product Rather Than