Regarding Product Classes

question 358

Multiple Choice

Regarding product classes,

• A) Business product classes are based on how buyers think about products and how the products will be used.
• B) Consumer product classes are based on how consumers think about and shop for products.
• C) The same product may be a consumer product and a business product.
• D) Products are classified by what type of customer will use them.
• E) All of these statements about product classes are true.

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Definitions:

Tropical Fish

Fish species that live in the equatorial waters, characterized by vibrant colors and diverse species.

Omnivorous

Omnivorous describes organisms that eat both plant and animal materials as part of their diet.

Speciation

The evolutionary divergence leading to the formation of new species through mechanisms such as geographic isolation or ecological specialization.