An industrial product is a product or service that individuals or organizations purchase for further processing (to become part of another product) or for use in conducting a business (e.g., machinery, office supplies).
Industrial products are classified according to their purpose in the production process into: 1) Materials and parts (raw materials, components); 2) Capital items (equipment, buildings); and 3) Consumables and services (maintenance, repair). Marketing of industrial products is more rational and focused on technical characteristics and overall price.
