Functional products are characterized by low profit margins,relatively stable demands,and high levels of competition.

Question

Quizplus · Accepted Answer

This statement is true. Functional products are generally basic and essential items that consumers need on a regular basis, such as food, clothing, and household supplies. Because there is a high level of competition in these markets, profit margins are often low and demand is relatively stable.

Functional Products Are Characterized by Low Profit Margins,relatively Stable Demands,and