Products which are purchased by ultimate consumers or users for satisfying their personal needs and wants are known as __________.
A
Products
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B
Consumer products
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C
Industrial products
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D
Commercial products
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Solution
The correct option is B Consumer products A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Consumer products are the merchandise or other items of common and daily use ordinarily bought by individuals or house holds for private consumption. Consumer goods are also called as final goods.