_____ Is a Key Determinant of Whether a Product Offering

question 22

Multiple Choice

_____ is a key determinant of whether a product offering should be classified as a product or a service.

• A) Physicality
• B) Audience passivity
• C) Tangibility
• D) Perception
• E) Abstraction

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Definitions:

Bank's Responsibility

The obligations of a bank to its customers, including safeguarding deposits, processing transactions accurately, and maintaining confidentiality of client information.

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with transferability rights.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.