Objective 8.01 CLASSIFY CONSUMER OR INDUSTRIAL GOODS Directions: Consider the following list of products. In the second column distinguish each product as a consumer or industrial good. Then to further categorize each product, use the third column to distinguish each as a specific type of consumer or industrial product. Explain your decisions in the last column provided. Be prepared to discuss your answers. Product Consumer or Industrial Type of Consumer or Industrial Good Chewing Gum Electrical Components Shampoo Consultant Services Raw Cotton Lawn Mower Parts Hand Tools Warehouse Storage Copier Mannequins Maintenance Services Specialized Medical Care Shipping Labels Chicken Marketing Management E-7 Explanation Objective 8.01 CLASSIFY CONSUMER OR INDUSTRIAL GOODS – KEY Directions: Consider the following list of products. In the second column distinguish each product as a consumer or industrial good. Then to further categorize each product, use the third column to distinguish each as a specific type of consumer or industrial product. Explain your decisions in the last column provided. Be prepared to discuss your answers. Product Consumer or Industrial Chewing Gum Consumer Type of Consumer or Industrial Good Convenience Good Electrical Components Industrial Component Parts Convenience Good Shampoo Consumer Shopping Good Consultant Services Industrial Business to Business Raw Cotton Industrial Raw Materials Lawn Mower Parts Consumer Specialty Goods Hand Tools Consumer Shopping Goods Warehouse Storage Industrial Business to Business Copier Industrial Accessory Equipment Mannequins Industrial Accessory Equipment Industrial Business to Business Consumer Unsought Good Industrial Consumable Supplies Consumer Convenience Goods Maintenance Services Specialized Medical Care Shipping Labels Chicken Industrial Component Part Explanation Inexpensive good consumers purchase with little thought. Items that become part of the finished product. Example would include a TV, Car, or a Computer. Inexpensive good consumer purchase with little thought. Good purchased by comparing brands, price, and features. May be purchased at a salon. Business assistance and/or advice provided for a fee by one business to another business. Unprocessed that usually come from nature and are used to make products. Specific products that customers insist upon and are willing to search for. Less frequently purchased products that are usually higher in price and require more thought on the part of the buyer. Business service provided for a fee by one business to another business. An industrial product used to facilitate the product of the product although this equipment does not become a part of the finished product. An industrial product used to facilitate the product of the product although this equipment does not become a part of the finished product. Business service provided for a fee by one business to another business. Products that consumers will not shop for because they do not know about the product or do not feel a strong need for the product. Items that facilitate an organization’s production and operations but do not become part of the finished product. Inexpensive good consumers purchase with little thought. Items that become part of the finished product completely with little or no additional processing. Marketing Management E-8