Get Industrial Affairs Iii: Consumer Goods Industries

Industrial goods are bought and used by manufacturers. Consumer goods are ready for consumption by people. While industrial goods are made up of machinery, plants, and raw materials, consumer goods are finished products.

Basic good industry-Those industries which produce materials to be used as raw materials in other industries are known as basic goods industries Examples- iron and steel industry. Consumer goods industries- These are those industries which manufacture goods for directly used by consumers.

Consumer goods industries clothing and leather ; publishing, printing and reproduction ; pharmacy, perfumes, maintenance ; household equipment.

Consumer products are meant for personal use, meaning that it is intended to be used directly by a customer for things like home maintenance, hygiene, and entertainment. Industrial products aid in the operation of a business, which is meant to satisfy the needs of other customers.

Industrial marketing: Transactions in industrial marketing typically involve larger volumes of products or services, as companies need to meet their operational and production needs. Consumer marketing: Transactions are typically smaller in scale and focus on satisfying individual consumer needs.

A consumer service is a service that is given to the final buyer, while industria services is provided to one business to another. Explanation: Industrial goods are used mostly for industrial purposes. The consumer goods are made for the consumption and satisfaction of human wants.

Industrial buyers are professionals. While consumer market buyers can be swayed by social or psychological motives, industrial market buyers know exactly what they want and are often a part of a buying team (while an individual may purchase a product, the decision may be a highly scrutinized team decision.)

Industrial products and services Cleaning supplies. Fire, rescue, safety, and environmental protection equipment. Fuel management. Hardware and tools. Industrial products. Industrial products and services maintenance and repair. Machinery and components. Packaging.