Which category of product has the most homogenous demand in all countries?
A) Food
B) Consumer nondurables
C) Business products
D) Consumer durables

Question

Quizplus · Accepted Answer

Food products have the most homogeneous demand in all countries as they are basic necessities and are consumed by people from all socio-economic backgrounds. While there may be regional differences in the types of food preferred or the way it is prepared, the overall demand for food remains relatively constant across the globe. On the other hand, consumer durables and non-durables are more subject to variations in income levels and cultural differences, while business products are tailored to specific industries and may have varying demand across different countries.

Which Category of Product Has the Most Homogenous Demand in All