Explain the types of product
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Explanation :
Types of products :
1)Customised Product
2)Potential Product
3)Core Product
4)Actual Product
5)Augmented Product
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A product may be defined as a bundle of utilities. According to the traditional classification, the two major categories of goods are consumer goods and industrial goods. Consumer products can be further classified into convenience product, shopping product, specialty products and unsought products.
Different types of products are:
The differentiated product.
The customised product.
The augmented product.
The potential product.
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