The natural products such as fish, crude petroleum and iron are classified as?
Correct answer: C. materials and parts in industrial product
- A. convenience consumer products
- B. specialty consumer products
- C. materials and parts in industrial product
- D. capital items
Explanation
Fish, crude petroleum and iron are raw materials used as inputs in producing other goods, so they fall under materials and parts in industrial products. They are not consumer convenience or specialty products.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The customer buying behavior such as little planning before buying products is included in?
The price on which it is limit that no less profits would be accepted less than this price is classified as?
The products that are usually distributed through fewer stores but with increased customer services is called?
The marketing strategy starts with?
The 'Nivea' introduced and markets product line for men including body wash and shaving gels is example of?
The kind of contractual VMS (vertical marketing system) in which franchisor links different stages in distribution-production process is classified as?