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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