Commercial Applications
Standardised products are …………… in nature.
- Heterogeneous
- Spontaneous
- Homogeneous
- Extraneous
Markets & Marketing
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Answer
Homogeneous
Reason — In case of standardised products, each unit of the product is a perfect substitute for another. It is impossible to differentiate one unit from other units. Such products are homogeneous in nature, e.g., a Maruti car has the same quality irrespective of the place of purchase.
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