Identify which statement is correct as per generic requirement of a product

Question

‘Kwality Book Store’ sells 40,000 chart papers per year. The demand is constant throughout the year. The purchase cost is ₹10 per chart paper. Holding cost per annum is 20% of purchase cost, ordering cost is ₹100 per order. Calculate the Economic Order Quantity (EOQ).

Answer 1

The correct option is (C) :Generic requirement is the core benefit, a product offers to the customer.

List I		List II
A.	Brand Name	I.	Part of the brand that can be recognised
B.	Brand Mark	II.	Provides Legal Protection against its use by other firms
C.	Trade Mark	III.	Part of a brand which can be vocalized
D.	Tag line	IV.	end lines

Identify which statement is correct as per generic requirement of a product

The Correct Option is C

Solution and Explanation

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