Final answer:
Convenience products, specialty products, and industrial products are the broad classes of products and services.
Step-by-step explanation:
The broad classes of products and services can be categorized as convenience products, specialty products, and industrial products.
Convenience products are goods or services that are inexpensive and that the consumer buys frequently and with minimal effort. Examples include fast food, soft drinks, and common household items.
Specialty products are unique or high-end goods or services that cater to specific consumer preferences. Examples include luxury cars, designer clothing, and high-end vacations.
Industrial products are goods or services that are used in the production of other goods or services. Examples include machinery, raw materials, and components used in manufacturing.