What are industrial goods?

Industrial goods are classified as either production goods or support goods. Production goods are used to manufacture a finished product, while support goods, such as machinery and equipment, are necessary to the production process. Unlike consumer goods, which are purchased by the general public, there are very specific buyers of industrial goods.

What are commercial goods?

These goods are typically found on the shelves of retail stores and are designed to satisfy the needs and preferences of individual consumers. Common examples of commercial goods include clothing, electronics, food items, and household products. To grasp the essence of commercial goods, it’s essential to explore their distinctive characteristics:

What are examples of industrial goods?

Examples of industrial goods include machinery, raw materials, equipment, and tools. The primary focus of industrial goods is on efficiency, productivity, and functionality, as they contribute to the production of consumer goods or other industrial products.