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Which of the following has these three features: tanigble, durable and transferable? - Commercial Studies

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Question

Which of the following has these three features: tanigble, durable and transferable?

Options

  • Trade

  • Service

  • Selling

  • Product

MCQ

Solution

Product

Explanation:

A product is an item that is tangible (can be touched and seen), durable (long-lasting), and transferable (ownership can be transferred from one person to another). It is a physical good created to meet the needs and wants of consumers and can be sold or exchanged in the marketplace.

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Differences Between Products and Services
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Chapter 2: Marketing and Sales - EXERCISES [Page 24]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 2 Marketing and Sales
EXERCISES | Q 21. | Page 24
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