Products and Services Fall into Two Broad Classifications Based on the Types

question 60

Multiple Choice

Products and services fall into two broad classifications based on the types of consumers that use them.Which is one of these broad classes?

• A)supplies and services
• B)industrial products
• C)convenience products
• D)specialty products
• E)materials and parts

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Definitions:

Crime Rate

Refers to the number of reported crimes within a given population and timeframe, often measured per 100,000 inhabitants.

Officially Stated Rates

These are interest rates or other financial charges that are publicly announced by official bodies, often used as benchmarks in financial markets or by banks.

Incidence

The frequency or rate at which new cases of a condition, disease, or event occur in a specific population over a certain period.

Master Status

A primary or dominant status that an individual possesses which shapes their identity and interactions in society.