For each product below, indicate whether it is a consumer good, a B2B (industrial) good, or both.
Question:
For each product below, indicate whether it is a consumer good, a B2B (industrial) good, or both. Explain the reasons for your choices.
1) McDonald’s Big Mac - (consumer, industrial good or both) Rationale:
2) Xerox copy paper - (consumer, industrial good or both) Rationale:
3) 14-pound bag of sugar - (consumer, industrial good or both) Rationale:
4) John Deere front-end loader - (consumer, industrial good or both) Rationale:
5) Hewlett-Packard laser printer - (consumer, industrial good or both) Rationale:
6) Band-Aid strips - (consumer, industrial good or both) Rationale:
7) Designer wedding dress - (consumer, industrial good or both) Rationale:
8) 20-pound box of framing nails - (consumer, industrial good or both) Rationale:
9) Craftsman 48-inch-cut riding lawnmower - (consumer, industrial good or both) Rationale:
10) TurboTax tax preparation software - (consumer, industrial good or both) Rationale: