Business,Business plan,Marketing in Business

Classification of industrial products is often difficult due to the
large number and type of such productsand the unlimited uses of the products.
In marketing , industrial products have been classified into three broad
cate gories materials and parts , capital goods and supplies and business services.
1) Materials and parts are unprocessed and semi processed items that will be
converted into the final product by manufacturer.
2) In course of production , materials change their form and utility several times wh
ile parts will become an actual component of the finished product.
3) Materials are of two categories natural materials and agricultural products .
Natural materials are those lying in their natural state , such as minerals , oils,
and products of forests and sea . the supply of natural material is limited and cannot
be substantial increased by its producers . the sources of supply is controlled by few
large producer.