Question

Which of these is true ?
Select one:
a. Generic products are produced by organization and sold to open market
b. Generic products and customized products are types of software products
c. All of the mentioned
d. Customized products are commissioned by particular customer

Answer 1

Answer:

The correct answer is option c. All of the mentioned.

Explanation:

A consumer product with a generic brand lacks a well-known name or emblem since it is frequently not advertised. Generic products are renowned for their affordable prices and extremely simple packaging and labelling.

• Organizations create and sell generic goods on the open market.
• Software packages come in both generic and customized varieties.
• A specific customer commissions products that are customised.
• Generic goods lack a specific brand name and are identified only by their fundamental product category.
• Many retailers sell generic products at less money than those with brand names.
• Branded Generics: Off-patent medications marketed under a brand name that provide patients and medical professionals with benefits that encourage them to choose the brand.

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