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Commerce Economics Difficulty: Medium

Which of the following are features of utility? 1. Subjective in nature 2. Based on urgency of wants 3. Same as usefullness 4. Qualitative Select the correct answer

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More Commerce Questions

The strategy where the producer or marketer does not differentiate between different type of customers: Match the following. List-I (Classification of Products) List-II (Explanations) a. Consumer product 1. Products which are designed for use by ultimate consumers or households b. Durable product 2. Product which a consumer usually purchase frequently, immediately and with minimum effort c. Convenience product 3. Products with unique characteristics and/or brand identification for which a significant group of buyers are habitually willing to make a special purchasing effect d. Speciality product 4. Products which normally survive many use Which of the following is not true of the activity known as job analysis? Which one of the following Entries is correct. When there is loss of goods by fire and the claim is admitted partially by the Insurance Company? The share of the partner in the income of the partnership firm will be