Commercial Applications
Assertion (A): A product can be touched, seen, and physically possessed.
Reason (R): Tangibility is a key characteristic of a product.
- A is true but R is false
- A is false but R is true
- Both A and R are true and R explains A.
- Both A and R are true but R does not explain A.
Markets & Marketing
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Answer
Both A and R are true and R explains A.
Reason — A product is tangible, hence it can be seen, touched and physically possessed. Tangibility being a key characteristic of a product is the very reason why it can be physically perceived. Therefore, the Reason correctly explains the Assertion.
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Related Questions
Choose the correct statement.
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- Selling is a wider term than marketing.
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- None of the above
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- Mail Order Market
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Assertion (A): Services are perishable in nature.
Reason (R): Services cannot be stored for future use, unlike physical products.
- A is true but R is false
- A is false but R is true
- Both A and R are true and R explains A.
- Both A and R are true but R does not explain A.
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- Sales, selling
- Market, marketing
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- Cost, pricing