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

question 85

Multiple Choice

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

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

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Definitions:

Normative Statement

A statement that expresses a value judgement or an opinion about what ought to be, rather than an objective or fact-based assertion.

Advanced Nation

A term synonymous with developed countries, signifying a country with a high level of economic development and standard of living.

Policy Recommendation

A proposal provided by experts or analysts on specific ways to address a particular issue or to improve a situation.

Homeless People

Homeless people are individuals who lack a fixed, regular, and adequate nighttime residence, including those living on the streets, shelters, or in unstable housing situations.