Industrial Products and Characteristics of Industrial Products

Q.

Products may be classified into two categories 'consumer products' and 'industrial products'.Explain three major categories of industrial products.

Q.

Which Of The Following Comes Under The Footloose Industry?

1. Iron And Steel

2. Cotton Industry

3. Petro - Chemical

4. Information Technology

Q. Products can be classified in two categories.

1. True
2. False

Q.

A common practice in the case of industrial products is to lease out the product than to buy it. State true or false.

1. True

2. False

Q.

The demand for industrial products is geographically concentrated. State true or false.

1. True

2. False

Q. Select the proper option from the option given below and rewrite the completed sentences.

Location of industries should be in ________ zones.
(a) Residential
(b) Industrial
(c) Commercial

Q.

___ refers to those products, which are purchased by the producers for manufacturing consumer goods.

1. Consumer product

2. Industrial product

3. Non durable product

4. Durable product

Q. Which of the following is not a characteristic of industrial products?

1. Channel levels
2. Number of buyers
3. Convenience
4. Derived demand

Q. On the basis of durability, consumer goods are classified in four categories.

1. True
2. False

Q. Short Answer Type Question.
Product is a bundle of utilities. Do you agree? Comment.

Q. _______ are the products which are purchased frequently.

1. Consumer
2. Industrial
3. Services
4. Convenience

Q. Identify the goods classified as industrial products?

1. Raw Material
2. Spare parts
3. Machinery
4. Supplies
5. Tools
6. Furniture
7. Chairs
8. Laptop

Q. The number of buyers consuming industrial products are much higher than consumer products.

1. True
2. False

Q. Industrial products are used as inputs to produce consumer products.

1. True
2. False