Asked by Connell Maxwell on Jul 16, 2024
Verified
_____ refers to standardizing products by dividing them into subgroups and displaying and labeling them so that consumers clearly understand their nature and quality.
A) Transporting
B) Grading
C) Selling
D) Storing
E) Financing
Grading
The process of evaluating or assessing the quality, value, or performance of someone or something, often used in education and product quality assessment.
- Understand market segmentation and its strategic application in targeting specific customer groups.
Verified Answer
PB
Preet Batth BatthJul 21, 2024
Final Answer :
B
Explanation :
Grading refers to the process of categorizing products into different groups based on quality, size, weight, etc., to facilitate understanding of their nature and quality for consumers. This standardization helps in simplifying choices for buyers.
Learning Objectives
- Understand market segmentation and its strategic application in targeting specific customer groups.