What is the basic property of a service which makes it different from a product?

1. Shape
2. Size
3. Very expensive
4. Intangibility

In the Production-Oriented Stage, businesses operated on the assumption that supply would create its own demand.

1. True
2. False

A …………… is technology based whereas a …………… is person-based.

1. Sales, product
2. Product, market
3. Product, promotion
4. Product, service

Which of the following products are used for further production of goods and services.

1. Consumer products
2. Industrial products
3. Financial products
4. None of these