(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Off-the-job training method is ______.

Standardised products are ______ in nature.

List any two features of a Service.

The process of assigning specific work to new employees is called ______.

Which one of these is a voluntary group promoting the participation of students in learning to improve their environment?

State any two advantages of cost-plus pricing strategy.

Which pricing strategy involves charging according to their competitors?

Explain the below mentioned pricing strategy:

Skimming pricing strategy

Explain the below mentioned pricing strategy:

Penetrating pricing strategy

Which of the following is not a services?

What is the basic property of a service which makes it different from a product.

A ______ is technology based whereas a ______ is person-based.

A ______ is an intangible product involving a deed, a performance or an effort that cannot be stored or physically possessed.

______ makes a service different from a product.

______ means exchange of a product, or service between a buyer and a seller while ______ means all the activities involved in planning, pricing, promoting and distributing want satisfying products and services.

On the basis of ownership, distinguish between a product and a service.

“Services are not homogeneous”. Justify with reason.

Distinguish clearly between products and services, giving examples.

Differentiate between a product and a service.

It is also known as ‘going rate pricing’ or competition based pricing.