6.2.2 Product classifications
One widely used way of classifying products is one based on the way consumers think about and search for products. This generates four main categories for consumer products, each of which will be addressed in the next reading:
- convenience products
- shopping products
- speciality products
- unsought products.
Business (or industrial) products are based on how buyers think about products and how these will be used. Therefore, they are not classified the same way as consumer products. They are commonly classified as:
- material and parts - raw materials, manufactured materials and parts
- capital items - installations, accessory equipment
- supplies and service - supplies, business services.
Turn now to the next reading to review some of the above material and cover the detail of the consumer and business product classifications as well as other examples that do not fit neatly into the preceding classification.
In your text
Kotler et al. (2004) Chapter 11, pp. 391-396, 'Product classifications', and pp. 400-404, 'Extending the classification of products and services'.