A Good,service,or Idea Consisting of a Bundle of Tangible and Intangible

question 124

Multiple Choice

A good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is known as a(n)

• A)utility.
• B)item.
• C)service.
• D)marketing program.
• E)product.

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Definitions:

Competence

The ability to do something successfully or efficiently, often referring to the legal capacity to participate in a proceeding.

Legal Ethical Rules

Guidelines that govern the professional conduct of lawyers and legal practitioners to ensure integrity and fairness.

Legal Liability

The legal responsibility one party has for the consequences of their actions or omissions, which may result in harm or loss to another party and require compensation.

Inadequate Research

A situation where the level of investigation or study into a subject is insufficient to meet the required standards or objectives.