Product Categorization

As you review your company’s products, you may discover that some can fit into more than one category, and you will have to decide where to assign them. We recommend the category that approximates the associated with that product. The list of examples at the end of the definitions will help you. Once again, reporting consistently is of prime importance.

As your product evolves over time, you may find the product use has changed from the . You may change your reporting category, however, keep in mind the importance of consistency and that these changes should be relatively infrequent. Examples are re-branding, acquisition, extension of product line, or reposition of a product line.

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