Write TRUE if the statement is correct and write FALSE if the statement is incorrect. .
1. Formal product is the end benefit for the buyer.
2. Consumer products are goods that are sold to businesses and used to produce other
goods.
3. Shopping products are generally consumed on routine with little thought and
purchased frequently.
4. Convenience products are likely to carry a high price tag.
5. Electrical wire is an example of processed material.
6. The introduction stage is normally characterized by a strong growth in sales and
profit.
7. Processed materials are products created through the processing of basic raw
materials.
8. Nike shoes is an example of a shopping product.
9. Special feature of a car is a core product.
10. Goods exist independently of their owner.