NECO Marketing 2024 Objective — Question 9

Question 9 of 40 from the National Examinations Council (NECO) Marketing 2024 Objective paper, with the correct answer and a full explanation.

Which of the following categories of products is classified based on usage?

A. A. Mineral and non-mineral products
B. B. Consumer and industrial goodsCorrect
C. C. Oil and non-oil products
D. D. Goods and services

Explanation

Products are classified based on their usage into consumer and industrial goods. Consumer goods are used for direct satisfaction of the users while industrial goods are for the production of other goods.

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