Products are homogenous when:
A) they are identical in the eyes of the purchasers
B) some purchasers view the products as different
C) suppliers can charge different prices for the same good
D) they meet basic safety standards.

Question

Quizplus · Accepted Answer

Homogenous products are identical in the eyes of the purchasers. This means that there is no perceived difference between products and they are interchangeable, regardless of the supplier or location. Thus, choice A is the best option. The other choices do not accurately describe homogenous products.

Products Are Homogenous When