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Why are goods and services categorized in two ways?

Updated: 8/22/2023
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EncofBizandFinance

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13y ago

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One is to designate their position on a goods and services continuum. The second is to place them into a classification system.

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13y ago
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13y ago

For the purpose of developing marketing strategies, particularly product planning and promotion, goods and services are categorized in two ways.

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