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Question
______ are products bought by individuals and organisations for further processing or for use in conducting a business.
Options
Consumer products
Specialty products
Industrial products
Personal Products
MCQ
Fill in the Blanks
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Solution
Industrial products are products bought by individuals and organisations for further processing or for use in conducting a business.
Explanation:
Industrial products are items purchased by businesses to produce other goods or run their operations. These include raw materials, machinery, equipment, and supplies necessary for manufacturing or business activities. They are distinct from consumer products, which are purchased by individuals for personal use.
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Meaning and Nature of Product
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