Product Classification

A. Agricultural products and raw materials.
B. Industrial goods:

1. Raw materials and semifinished goods.
2. Major and minor equipment, such as basic machinery, tools, and other processing facilities.
3. Parts or components, which become an integral element of some other finished good.
4. Supplies or items used to operate the business but that do not become part of the final product.

C. Consumer goods:

1. Convenience goods, such as food, which are purchased frequently with minimum effort. Impulse goods would also fall into this category.
2. Shopping goods, such as appliances, which are purchased after some time and energy are spent comparing the various offerings.
3. Specialty goods, which are unique in some way so the consumer will make a special effort to obtain them.