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Problem

What are the major goods classifications of B2B products?

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Step 1/3

Businesses which buy goods or services to be utilized in the production of goods and services which are sold, rented, or provided to others are included in the business-to-business market. Additionally, it covers retail and wholesale businesses which buy products to resell and rent them to other people (Kotler and Armstrong, 2001).

Step 2/3

The major goods classifications of B2B products are follows:

• Entering goods and services: These include raw materials, constituent parts, and materials as well as goods and services, including those that are components of other goods and services. Automotive headlights, wood, metallic ores, plastics and aluminium shaped parts, or electronic goods like electronic components are a few examples of these things.

• Foundation goods and services: These are goods that are made into other goods. Installations as well as auxiliary tools are included in this. The former includes things like buildings and offices, whereas the latter include machine tools. The foundational items are not incorporated into the final products. Several of the foundation commodities could be expensed, even if the majority of these are capital items.

• Facilitating goods and services: These consist of goods and services that aid a company in achieving its goals. These items don't even get into the product or the manufacturing process. In general, expenses instead of capitalization are used to account for facilitating products and services. Market analysis services, cleaning products and services, copiers, as well as minor hardware are a few instances of facilitating goods and services. The two categories of facilitating items are typically supply and commercial services. Items that are frequently referred to as MRO are included in this category.

Step 3/3

As stated, are the main goods classifications of B2B products.