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Question
Products may broadly be classified into which two categories?
Options
Luxury products and essential products
Durable products and non-durable products
Consumers' products and industrial products
Tangible products and intangible products
MCQ
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Solution
Products may broadly be classified into two categories: consumers' products and industrial products. Consumers' products are meant for final use by consumers, while industrial products are used in producing other goods or services.
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