A(n)________ Is Defined as a Good,service,idea,or Some Combination of These

question 40

Multiple Choice

A(n) ________ is defined as a good,service,idea,or some combination of these that satisfies consumer or business customer needs through the exchange process.

• A)private brand
• B)service variability
• C)core product
• D)product
• E)innovation

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Definitions:

Third Party

An entity involved in a transaction or agreement who is not one of the principal parties.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.

Business Organization

An entity formed for the purpose of carrying out commercial enterprise, including options such as sole proprietorships, partnerships, and corporations.