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      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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