New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Classification of products using the terms: nondurable

    goods, durable goods, and services essentially describe the _______ of a product.
    A consumption Correct Answer Incorrect Answer
    B tangibility Correct Answer Incorrect Answer
    C liquidity Correct Answer Incorrect Answer
    D porosity Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Two major ways to classify products are by type of user and degree of product tangibility.

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