Classifying Industrial Products

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Prepared by:Manisha Choudhary. MMS-Marketing. Roll no-07(c)

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TYPES OF INDUSTRIAL PRODUCTS:-

v v v

Materials and parts. Capital items. Supplies and services.

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Materials and parts

1.

Raw materials - natural gas, agricultural products etc. Manufactured materials - copper wire, steel sheets Component parts - switches, motors or customized gears Characteristics : Normally large custom

1.

1.

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Capital Items- used in production

process and wear out over time, thus they are treated as depreciation expense.

Types:-

Installations- buildings, computers, machinery etc. Accessories - PC, Office furniture, typewriters, drilling machines. Characteristics: Normally major

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Supplies and services

Supplies and service support the operation of purchasing firm and do not become the part of finished product or production process. Treated as operating expense item.

1. Supplies - soaps, stationery etc. 2. Services - maintenance, canteen etc.

Operating services- primary accounting and secondary -online data base

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