Which of the following pairs of a purchase and its class of product is correctly matched?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A fan bought by a family for its bedroom – Consumer product
Option (1) A writing pad bought by a bank for its office work – Consumer product — Incorrect. The bank uses the pad for its business work, so it is an industrial product. Writing paper is one of the operating supplies, and banks are part of the market for industrial products.
Option (2) A fan bought by a family for its bedroom – Consumer product — Correct. Consumer products are bought by the ultimate consumers for their personal needs. A family buys the fan for its own bedroom, which is personal, non-business use. Fans are a common example of consumer products.
Option (3) Lubricant bought by a transport agency for its trucks – Capital item — Incorrect. Lubricant is an operating supply under supplies and business services. These are short lasting goods that help in managing the work. Capital items are installations and equipment, such as elevators and fax machines.
Option (4) Tyres bought by a car maker to fit in its cars – Supplies and business services — Incorrect. Tyres enter the car completely, so they are component parts under materials and parts.
The same item can be a consumer product or an industrial product. What decides it is who buys it and for what use.
NCERT (2026-27 Edition): “Consumer Products Products, which are purchased by the ultimate consumers or users for satisfying their personal needs and desires are referred to as consumer products. For example, soap, edible oil, eatables, textiles, toothpaste, fans, etc. which we use for our personal and non-business use are consumer goods. …” “Industrial Products Industrial products are those products, which are used as inputs in producing other products. The examples of such products are raw materials, engines, lubricants, machines, tools, etc. In other words, industrial products are meant for non-personal and business use for producing other products. The market for industrial products consists of manufacturers, transport agencies, banks and insurance companies, mining companies and public utilities. …” “(i) Materials and Parts: These include goods that enter the manufacture’s products completely. Such goods are of two types: “(iii) Supplies and Business Services: These are short lasting goods and services that facilitate developing or managing the finished product. These include: |