Are industrial products different from consumer products?
On One Hand: Industrial ProductsIndustrial products are items that manufacturing firms use in the production of goods. Examples include raw materials, machinery, tools, parts and supplies. While some industrial tools or equipment may fall in the same category as items used in private homes (for example, sewing machines), the industrial version tends to be sturdier and more costly.On the Other: Consumer ProductsConsumer products are goods that individuals, families or households buy and use. In the United States, the Consumer Product Safety Commission (CPSC) regulates goods sold to the public. The CPSC issues standards for consumer products and may ban or regulate them if they pose a significant risk to consumers.Bottom LineIndustrial products and consumer products are different. Manufacturing firms use industrial products in the fabrication of goods, while individuals and families purchase consumer products for personal or household use.Source:BusinessDictionaries.org: Industrial Produ
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