Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:
Which of the following is the process of classification of products into different groups on the basis of some of its importance?
Options:
Packaging
Standardization
Grading
Branding
Correct Answer:
Grading
Explanation:
Grading is the process of classification of products into different groups, on the basis of some of its important characteristics such as quality, size, etc. Grading is particularly necessary for products which are not produced according to predetermined specifications, such as in the case of agricultural products, say wheat, oranges, etc. Grading ensures that goods belong to a particular quality and helps in realising higher prices for high quality output.