Stephen Chemical produces chemicals that are sold to consumer product manufacturerers, such as Procter and Gamble, as raw materials in the manufacturing processes to create shampoos and detergents. Stephan's chemicals are known as ______________ products.

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Stephen Chemical produces chemicals that are sold to consumer product manufacturers, such as Procter and Gamble, as raw materials in the manufacturing processes to create shampoos and detergents. Stephan's chemicals are known as Business products.

What are Business Products?

  • Business products are goods and services that businesses buy to run their operations or to manufacture their own goods.
  • Business products are categorized differently than consumer goods because they are used rather than based on consumer purchasing patterns.
  • Business products, in other words, are the things and services that people wish to purchase in order to outfit their homes, operate their own enterprises, sate their needs for supplies in their churches, schools, stadiums, and factories, as well as to generally keep the world moving ahead.
  • The provision of raw materials, which are directly extracted from the environment, marks the start of the manufacturing process.
  • Raw materials, machinery, accessories, supplies, and commercial services are a few examples of business products. Companies utilize business software to assist essential company operations.

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