Match List-I with List-II
List-I List-II Categories of products Examples (A) Industrial products (I) Rare collection of artwork and antiques. (B) Convenience products (II) Raw materials, installations, equipment. (C) Speciality products (III) Jewelry, radio, furniture. (D) Shopping products (IV) Medicines, newspapers, toothpaste.
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| Categories of products | Examples |
| (A) Industrial products | (I) Rare collection of artwork and antiques. |
| (B) Convenience products | (II) Raw materials, installations, equipment. |
| (C) Speciality products | (III) Jewelry, radio, furniture. |
| (D) Shopping products | (IV) Medicines, newspapers, toothpaste. |
Choose the correct answer from the options given below:
Solution
Option 1 -> (A)-(I), (B)-(II), (C)-(III), (D)-(IV): Incorrectly matches industrial products with artwork and convenience products with raw materials, which is fundamentally wrong.
Option 2 -> (A)-(I), (B)-(IV), (C)-(II), (D)-(III): Incorrectly matches industrial products with artwork instead of raw materials and equipment, and specialty products with industrial items.
Option 3 -> (A)-(II), (B)-(IV), (C)-(I), (D)-(III): Correctly matches industrial products with raw materials/equipment, convenience products with frequently purchased items, specialty products with rare collectibles, and shopping products with compared-purchase items.
Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrectly matches industrial products with jewelry/furniture and shopping products with raw materials.
Hence, Option 3 -> (A) Industrial products are used in production processes (raw materials, installations, equipment); (B) Convenience products are frequently purchased with minimal effort (medicines, newspapers, toothpaste); (C) Specialty products are unique items requiring special purchase effort (rare artwork and antiques); (D) Shopping products require comparison shopping (jewelry, radio, furniture) -> correct
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