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Which of the following statements is not true with regard to the concept of product?

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Question

Which of the following statements is not true with regard to the concept of product?

Options

  • It is a bundle of utility.

  • It is a source of satisfaction.

  • It is confined to physical products.

  • All of the above

MCQ
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Solution

It is confined to physical products.

Explanation:

It includes both tangible and intangible attributes.

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