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Questions and Answers
Which of the following is an example of product classification?
Which of the following is an example of product classification?
- Evaluating the quality of a product
- Determining the price of a product
- Categorizing products based on their features (correct)
- Identifying the target market for a product
What is the relationship between product classification and operational mode?
What is the relationship between product classification and operational mode?
- Operational mode determines the product classification
- Product classification determines the operational mode
- They are unrelated concepts (correct)
- They are two different names for the same concept
Why is understanding the operational mode important for product classification?
Why is understanding the operational mode important for product classification?
- It helps identify the target market for a product
- It helps evaluate the quality of a product
- It helps categorize products based on their features (correct)
- It helps determine the price of a product
