Question

The process of classification of products into different groups on the basis of some of the important characteristics, such as quality, size, etc., is known as ______.

Options

• Branding

• Standardisation

• Grading

• Marketing planning

Answer 1

The process of classification of products into different groups on the basis of some of the important characteristics, such as quality, size, etc., is known as grading.

Explanation:

Grading is the process of classifying products into different groups based on characteristics like quality and size, ensuring uniformity and facilitating easier marketing and pricing.