📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following types of goods is defined as the

    goods that are identical, similar or comparable to another product, in the eyes of the consumer, such that they can either fully or partly satisfy the same needs of the consumer?
    A Substitute goods Correct Answer Incorrect Answer
    B Intermediate goods Correct Answer Incorrect Answer
    C Consumer goods Correct Answer Incorrect Answer
    D Capital goods Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next
    More Previous Year Paper Questions

    Relevant for Exams:

    ask-question