Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “ Incoterms” and industries can be classified into categories. [1]
Some standard product classifications include:
Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “ Incoterms” and industries can be classified into categories. [1]
Some standard product classifications include: