What is the classification of consumer goods and industrial goods?

Consumer Goods:

1.Convenience Goods - are bought with the minimum effort and shopping time.

Example: cigarettes, can goods, shampoo, soap, candies

2.Shopping Goods - are bought only after comparison shopping, during which the consumer evaluates alternative products on the basis of suitability, quality, and price.

Example: dress, shoes, accessories, cellphones

3.Specialty Goods - those consumers perceive as significant or unique, and thus, they exhibit unusual shopping-buying behavior. These are the products which is too much expensive.

Example: car

4.Unsought Goods - goods that customers do not yet want or they can buy but they cannot search for it at all.

Industrial Goods:

1.Raw Materials - are goods that become a part of a product but have not undergone any more processing than what is needed for safe, convenient, economical transport and handling.

Example: oil, crude, iron, wood

2.Installations - large and expensive items that do not become part of the final product but are expended, depleted, or worn out during the years of use.

Example: computers, tractors, and generators

3.Accessory Equipment - does not become part of a product but less expensive than installation, more standardized and shorter live.

Example: writers, cash registers, desk and small power tools

4.Supplies - convenience goods of the industrial market; short-lived; low-priced items.

5.Component Materials and Parts - become part of the finished product; undergo more processing than raw material.

6.Services - a non-physical offerings that are valuable in supporting the operations of a firm.

Example: security, cleaning, engineering, advertising, consulting, legal, and others.