Commercial Applications
Standardised products are …………… in nature.
- Heterogeneous
- Spontaneous
- Homogeneous
- Extraneous
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.
Related Questions
Which of the following is not a feature of service?
- Life Cycle
- Perishability
- Inseparability of buyers and sellers
- Variability
Which market provides long term finance to business enterprises?
- Capital market
- Commodity market
- Primary market
- Money market
In …………… stage there was a mass production, supply exceeds demand.
- Production-oriented stage
- Marketing-oriented stage
- Sales-oriented stage
- Societal Marketing stage
In ……………, the purpose is to make profit out of fluctuation in prices.
- Spot market
- Future market
- Catalogue market
- Secondary market