A good or service for which there are many dealers supplying the same product, and all products in the segment are essentially identical is known as _______.

A. commodity

B. core product

C. actual product

D. augmented product

Answer: Option A

Solution(By Examveda Team)

A good or service for which there are many dealers supplying the same product, and all products in the segment are essentially identical is known as commodity. A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services.