What Is an Example of the Primary Function of a Product

question 52

Multiple Choice

What is an example of the primary function of a product?

• A) the ability of a camera to take a picture
• B) the design and form factor of a phone
• C) the color of a cell phone
• D) the prestige associated with driving a car
• E) the shape of speakers

---

Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and the design of machinery or equipment.

Negative Externality

An economic situation where a third party suffers costs or disadvantages as a result of a transaction between others, often related to pollution or environmental impact.

Negative Externalities

Costs suffered by a third party due to an economic transaction that they were not involved in, such as pollution from a factory affecting nearby residents.

Positive Externalities

Benefits that occur to a third party not directly involved in an economic transaction, leading to underproduction if not addressed.