Hello kate glad that your here from school. I bet you have a lot to share with your grandma on what you've learnt today, I'll let you get to it.
Greeting Doctor. I am glad that I'm here also I have so much to talk about I can't wait to tell her what I've learnt today at school, thanks for looking after her Doc. I really appreciate it.
Lol grandma I know your awake. Sit up let me tell you how my day was today.
Industrial products are items that are purchased for further processing or for the use in conducting a business while Consumer products are goods services for personal consumption.We also learnt some more on the topic, I continue grandma.
Ok sweetheart tell grandma what you learnt at school today.
Tell me more...
Grandma today at school I learnt about Industrial and Consumer product
1.Materials-include raw materials and manufactured materials and parts. 2.Capital items-are industrial products that aid in the buyer’s production or operations. 3.Supplies and services-supplies include operating supplies (paper, pens, etc.) and maintenance and repair items (ladders, paint,).
Baby tell me more
There are also three groups of each.Three groups of Industrial products are:
So tell me about the three groups of consumer products
Convenience products-are goods and services that the customer usually buys frequently, immediately, and with a minimum comparison and buying effort. Shopping products-are goods and services that the customer compares carefully on suitability, quality, price, and style before buying. Specialty products-are goods and services with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort.
Examples of Consumer groups:1.Convenience= newspapers,fast foodand candy2.Shopping products=Appliances,Carand furniture3.Speciality products=Medical services,designer clothes and high end electronics
Unsought products-are goods and services that the consumer does not know about or knows about but does not normally think of buying.Grandma I'm gonna give you some examples of each.
4.Unsought products=Funeral service,blood donation and life insurance
Examples of Industrial groups:1.Capital items=IT systems, buildings infrastructure
.2.Supplies and services=security maintenance, energy3.Material & parts=Farm & Natural productsThat's it for the day grandma thanks for listening