Which of the Following Classifications of Products Apply to Business

question 63

Multiple Choice

Which of the following classifications of products apply to business goods and services?

• A) supplies and specialty products
• B) specialty products and convenience products
• C) installation and accessory equipment
• D) shopping products and expense items

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Definitions:

Employers

Individuals or organizations that hire and pay for the services of workers or employees.

Tasks

Specific pieces of work or activities to be completed, often as part of a larger project or duty.

Gratuitous Agent

An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.