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Question

Put the items in the right categories.

A
Insurance
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B
Food
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C
Pizza
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D
Car
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Solution

Food is required for survival. Hence, it is a need. Pizza is something that one desires. So, it can be classified as a want.

Car is a commodity that can be touched. Hence, it is tangible. Services like insurance and security cannot be touched. Therefore, they are classified as intangible.

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