Assertion (A): A buyer buys a product or service for what it does for him/her or the benefit it provides to him/her.

Question

Read the following statements: Assertion (A) and Reason (R).

Assertion (A): A buyer buys a product or service for what it does for him/her or the benefit it provides to him/her.

Reason (R): From the customer's point of view, a product is a bundle of utilities which is purchased because of its capability to provide satisfaction of a certain need.

Choose the correct alternative from the options given below:

(A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

(B) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

(C) Assertion (A) is true, but Reason (R) is false.

(D) Assertion (A) is false, but Reason (R) is true.

Answer 1

Correct option is : (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are true. Assertion (A) states that a buyer purchases a product or service for its benefits, which is correct. Reason (R) elaborates that a product is a bundle of utilities that satisfies a need, which supports the assertion. Therefore, Reason (R) is the correct explanation of Assertion (A).

Answer 2

Correct option is: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).