Industrial Products, their types and characteristics
04-03-2020· The industrial products are classified into three groups which include materials and parts, capital items and sales and services. Materials and parts: Materials and parts are the types of industrial goods that get fully absorbed in the buyer’s product afterClassification of Industrial products - Industrial goods,,Classification of Industrial products is necessary as it helps decision making for the organization. Industrial goods are classified on their entry levels. Overall, there are many sub parts of the major classes, and each of them has a separate role in the classification of Industrial products.Introduction to Industry: Classification, Types,,Industrial Systems. Industrial systems are made up of input, processes, and output. The input of raw materials, labour, land, power, and other infrastructure. The process is the plan the manufacturer has of how to turn raw materials into finished products of value. And finally, the output is the end of the product from which the income earned it.