A __________ Is the Marketing Term for a Good,service,or Idea

question 307

Multiple Choice

A __________ is the marketing term for a good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange for money or something else of value.

• A)idea
• B)service
• C)widget
• D)utility bundle
• E)product

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Definitions:

Negligence

A legal concept referring to the failure to exercise a level of care that a reasonably prudent person would in similar circumstances, leading to harm or damage.

Omission

The act of leaving something out or not including something.

Reasonable Person

A hypothetical individual who exercises average care, skill, and judgment in conduct and is often used as a standard for determining negligence.

Abnormally Dangerous Activity

Activities that inherently involve a high risk of causing significant harm, where the party conducting the activity may be held strictly liable for any damages.