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The ways in which products are classified:
Consumer products are classified according to how long they last including durable goods which provide benefits for months or years and nondurable goods which are used up quickly or are useful for only a short time.
Consumer products are also classified by how they are purchased including convenience products, shopping products, specialty products, and unsought products.
Business products are for commercial uses by organizations and are classified according to how they are used.
New products are anything consumers perceive to be new and may be classified as to their degree of newness including continuous innovation, dynamically continuous innovation, and discontinuous innovation.
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- Tags: Business, Business products, Classified, Consumer products, Continuous innovation, Convenience products, Degree of newness, Discontinuous innovation, Dynamically continuous innovation, Innovation, Marketing, New products, Newness, Nondurable goods, Nondurable products, Organizations, Product classification, Products, Shopping products, Specialty products, Unsought products
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