Definition : Industrial good

An industrial good refers to a product or material that is used in the production of other goods or services. These goods are typically purchased by businesses or organizations for the purpose of manufacturing, construction, or other industrial processes. Examples of industrial goods include raw materials, machinery, equipment, and components. Unlike consumer goods, which are intended for personal use, industrial goods are essential for the functioning of industries and play a crucial role in the economy. They are often produced in large quantities and are subject to strict quality standards to ensure their effectiveness and safety in industrial settings.

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