As an Amazon Associate I earn from qualifying purchases.

What is Industrial Product in Marketing? PDF Download

Learn Industrial Product definition in marketing with explanation to study “What is Industrial Product”. Study industrial product explanation with marketing terms to review marketing course for online MBA programs.

Industrial Product Definition:

  • A product bought by individuals and organizations for further processing or for use in conducting a business.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Industrial Product Explanation:

The mechanical merchandise part incorporates organizations engaged with aviation and barrier, modern apparatus, devices, blunder generation, development, squander the board, produced lodging and concrete and metal manufacture. Execution in the modern merchandise segment is generally determined by free market activity for structure development in the private, business, and mechanical land sections, just as the interest for fabricated items.

Keep Learning Marketing Explanations

What are Pleasing Products?

These items have short run purchaser benefits however high level of prompt delight. These items may hurt customers over the ...

What is Segmented Pricing?

Portioned evaluating is said to be done when an organization fixes or sets more than one cost for an item, ...

What is Brand-Asset Management Team (BAMT)?

BAMT is an abbreviation of Brand asset management team, it comprises of key representatives that can affect the brand's performance. ...

What is Exporting?

Organizations today are regularly multiplying or significantly increasing items by extending to item deals on a worldwide level. Yet, you ...

What is Advertising?

It is a form of communication with the end user of product or services. These are the messages floated by ...

What is Role?

A job (additionally job or social job) is a lot of associated practices, rights, commitments, convictions, and standards as conceptualized ...