For the 3rd part please evaluate Entertainment industry in Latvia. - Shortly describe business environment in the field. - Pick 3 companies to compare. - Compare the compnies applying key characteristics and concepts learned during this course. - Be specific discussing SWOT, competitive landscape and advantage, the niches, business models, market potential and more. - In conclusion, please summarize your understanding of the situation and perspectives of the Latvian Entertainment industry.

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Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.