I'm looking for answers to this question for my business class. Anything you know would be a great help.?

Question

Consumer goods and services are generally classified into four specific categories. What are the four categories, and how do they differ? Illustrate by giving examples of products that are often included in each category.

Thanks!

Answer 1

There are four categories in Traditional Business. Manufacturer - Wholesaler - Retailer - Consumer. The consumer buy the product for 100% each because you cannot buy 1product to the manufacturer because they want it by a bucks. Now, the manufacturer are the one who made the product and they give out 40% each to the wholesaler who get a bucks of products and they give out 30% each to the retailer who also get a bucks of products and give out 30% each. That is the reason why the consumer buy the product for a 100% each.