The Term ______ Is Used to Describe the Ability of a Product

question 16

Multiple Choice

The term ______ is used to describe the ability of a product to satisfy a customer's desires.​

• A) ​utility
• B) ​exchange
• C) ​strategy
• D) ​market scanning
• E) ​competitive intelligence

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Definitions:

Negotiable

Capable of being discussed and modified in a transaction or exchange, often referring to the terms of agreements or financial instruments that can be transferred or sold.

Certificates of Deposit

Certificates of Deposit (CDs) are financial products offered by banks that provide a fixed interest rate in exchange for keeping a deposit untouched for a predefined period.

Maturity Date

The specific date on which the principal amount of a bond, loan, or other financial instrument is to be paid back in full to the investor.

Tax Bracket

A range of income taxed at a specific rate by the government, part of a progressive tax system.