Product is a bundle of utilities. Explai | Class 12 Business Studies Chapter Marketing, Marketing NCERT Solutions

Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter Marketing. This page offers a step-by-step solution to the specific question from Exercise 2, Question 3:

Product is a bundle of utilities. Explain.

. With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 3:

Product is a bundle of utilities. Explain.

Answer:

Yes, product is a bundle of utilities. It can be explained with the help of an example. On wearing a shirt, we get the following satisfactions:

  1. Functional satisfaction: To wear the shirt and cover the body with it.
  2. Psychological satisfaction: To feel more confident and active after wearing the shirt provides psychological satisfaction.
  3. Social satisfaction:Getting recognition after wearing shirt from a group of known people is social satisfaction.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Marketing.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 2 , Question 3: Product is a bundle of utilities. Explain.....

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