Question

Statement-I Transportation helps in creating time utility and warehousing helps in creating place utility.

Statement-II The process of classification of products into different groups on the basis of their important characteristics is known as standardization.

Choose the correct option from the options given below:

Options

• Statement I is true and II is false

• Statement II is true and I is false

• Both the statements are true

• Both the statements are false

Answer 1

Both the statements are false