A Product Is

question 177

Multiple Choice

A product is

• A) a tangible good received in exchange for a person's time and effort.
• B) intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• C) a good that has in some way been altered, combined, or improved and sold to organizational buyers.
• D) a thought that leads to an action such as a concept for a new invention.
• E) 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.

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Definitions:

Hunger

A natural physical sensation that signals the need to consume food for energy and sustenance.

Thalamus

(THAL-uh-mus) The structure, located above the brainstem, that acts as a relay station for information flowing into or out of the forebrain.

Theories of Emotion

A group of hypotheses developed by psychologists to explain how humans experience and express emotions.

Theoretical Assumptions

Fundamental ideas or beliefs that provide the foundation for theoretical models or frameworks.