As an Amazon Associate I earn from qualifying purchases.

Industrial Product Definition and Explanation 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 is Customer Mailing List?

Having an authentic mailing list of existing customers is a great opportunity for the company. It can be used in ...

What is Organization?

An association or association is a substance involving different individuals, for example, an establishment or an affiliation, that has a ...

What is Sales Force Management?

Sales force the board frameworks (likewise deals power mechanization frameworks ) data frameworks utilized in client relationship the management (CRM) ...

What is Price Escalation?

Value heightening is like expansion yet fixated on a solitary item as opposed to a whole market. While a few ...

What is Customization?

Customization describes the stage of marketing in which companies tailored products according to the needs and demands of the targeted ...

What is Product-Mix Pricing?

Most items are a piece of a more extensive item blend. Therefore, they should be valued in like manner. Item ...