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Question
Jewellery, furniture, clothes, etc. items are the examples of which type of goods?
Options
Industrial products
Consumer products
Convenience products
Shopping products
MCQ
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Solution
Shopping products
Explanation -
These items are typically sold in larger quantities and have high unit pricing. As a result, the profit margin is significant. Such things are not purchased on impulse, and the consumer spends time and effort comparing price, quality, and other factors. Items such as jewellery, furniture, clothing, and so on are examples of which type of commodities.
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Classification of Product
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