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______ are products bought by individuals and organisations for further processing or for use in conducting a business. - Commercial Applications

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Question

______ are products bought by individuals and organisations for further processing or for use in conducting a business.

Options

  • Consumer products

  • Specialty products

  • Industrial products

  • Personal Products

MCQ
Fill in the Blanks

Solution

Industrial products are products bought by individuals and organisations for further processing or for use in conducting a business.

Explanation:

Industrial products are items purchased by businesses to produce other goods or run their operations. These include raw materials, machinery, equipment, and supplies necessary for manufacturing or business activities. They are distinct from consumer products, which are purchased by individuals for personal use.

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Meaning and Nature of Product
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Chapter 1: Markets and Marketing - EXERCISES [Page 11]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 1 Markets and Marketing
EXERCISES | Q 25. | Page 11
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