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WHAT ARE THE CHARACTERISTICS OF PRODUCTS, AND HOW DO MARKETERS CLASSIFY PRODUCTS?
PRODUCT CHARACTERISTICS
AND CLASSIFICATION
Features that identify the product to the
company, the market and the consumer.
Each product is a complex of tangible and
intangible characteristics which define
the product, its use and value.
Product Characteristics
DURABILITY AND TANGIBILITY
1. NONDURABLE GOODS
2. DURABLE GOODS
3. SERVICES
CONSUMER GOODS CLASSIFICATION
• CONVENIENCE GOODS • SHOPPING GOODS • SPECIALITY GOODS • UNSOUGHT GOODS
CONVENIENCE GOODS
UNSOUGHT GOODS
SPECIALITY GOODS
SHOPPING GOODS
INDUSTRIAL GOODS CLASSIFICATION
•MATERIALS AND PARTS 1. raw materials 2. manufactured materials and parts •CAPITAL ITEMS 1. installations 2. equipment •SUPPLIES AND BUSINESS SERVICES 1. maintenance and repair items 2. operating supplies
Raw Materials
Manufactured Materials And
Parts
Capital Items
Supplies And Business Services
These slides were created by Ashish Soni, IIT
Delhi during a Marketing internship by Prof.
Sameer Mathur, IIM Lucknow (See
www.IIMInternship.com)