Theory question 102
Product(a) Define consumer products. (b) List and explain three modes of transportation a company could use for business. (c) List and explain three categories of industrial products.
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(a) Consumer products are goods and services bought by individuals and households for their own personal use, not for resale or production.
(b) Any three, explained: road (trucks, vans; flexible, door-to-door); rail (cheap for bulky goods over long distances); water/sea (ships and boats; cheapest for heavy goods, slow); air (fastest, for urgent and perishable goods, costly); pipeline (for liquids and gas).
(c) Any three, explained: raw materials (unprocessed farm and mineral products, e.g. cotton, crude oil); processed materials and parts (semi-finished goods and components, e.g. steel, tyres); installations/capital equipment (factories, big machines); accessory equipment (tools, computers); supplies (lubricants, stationery); business services (maintenance, consultancy).
Give each point as a full sentence, with an example where possible.