What are industrial products? How are th | Class 12 Business Studies Chapter Marketing, Marketing NCERT Solutions

Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter Marketing. This page offers a step-by-step solution to the specific question from Exercise 2, Question 4: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 4:

What are industrial products? How are they different from consumer products? Explain.

Answer:

The products which are used as inputs to produce consumer products are known as industrial products, e.g. raw material, machinery, tools, etc.

Difference between industrial and consumer products:

Basis Industrial Products Consumer Products
Meaning

These products are used for further production of other goods.

These products are used for final consumption by the direct consumers.

Number of buyer

The buyers of industrial goods are limited.

The buyers of consumer goods are many in number.

Buying decision

Decisions of buyers are influenced by technical specification and goodwill.

Decisions of buyers are influenced by advertising and various sales promotional schemes.

Nature of demand These products have derived demand. These products have direct demand.

 


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Marketing.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 2 , Question 4: What are industrial products? How are they different from consumer products? Explain.....