Products can be classified on the basis of durability, Tagibility and the user type. Any product consists of Goods, Services or combination of both to fullfil market or consumer needs. The classification of Products is given as below.

    On the basis of Durability and tangibilityOn the basis of user type

    Durable products 

    Non Durable Products

    Services

    Consumer Goods

     

    Industrial Goods

    Business Services

    Public Services

    Infrastructural Services

     

     

    Convenience Goods

    e.g. Biscuits, Chocolates, Cigarettes 

    Shopping Goods

    Watches, Garment, Shoes

    Specialty Goods

    Car, Jewellery, Painting

    Unsought Goods

    Insurance

    Smoke Detector

     

    Raw Material

    Iron Ore

    Coal

    Components Parts

    Valves

    Elec. Motor

    Installations

    Shop Floor

    Accessory Equipments

    Machine Tools

    Storage Racks

    Operating Supplies

    Stationary

    Lubricating oil