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Commerce · Q119

eCommerce

Graduate and Post Graduate · Commerce · question 119

Q119

A good or service for which there are many dealers supplying the same product, and all products in the segment are essentially identical is known as _______.

A.
commodity
Answer
B.
core product
C.
actual product
D.
augmented product

Answer: Option A

Solution

Answer: Option A
Solution:
A good or service for which there are many dealers supplying the same product, and all products in the segment are essentially identical is known as commodity. A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services.