The Word "Product" Can Only Be Defined as a General

question 26

True/False

The word "product" can only be defined as a general term that includes services and goods.

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Definitions:

Brand Equity

The added value a brand name gives to a product beyond the functional benefits provided.

Consumer-Brand Connection

The emotional and psychological relationship between a consumer and a brand, often influencing loyalty and purchase decisions.

Legally Registered

The status of having officially recorded a business, organization, or product with the appropriate governmental or regulatory authority.

Trademark

A mark, verbiage, or set of words legally sanctioned or established by application as indicative of an enterprise or its offerings.