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20 September, 10:05

Most firms provide either a product or a service, but rarely do they provide a mix of products and services. True False

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  1. 20 September, 10:32
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    The statement is: False.

    Explanation:

    A product mix is provided by companies when they offer a group of related products. It is not the same as product grouping where many goods merge into one. A product mix implies offering as many products as possible that relate to each other somehow but they can be purchased individually.

    There are as many product mix companies as firms specializing in one good or service only in the market.
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