A Product Is a Good, Service, or Idea Consisting of ________

question 244

Multiple Choice

A product is a good, service, or idea consisting of ________ that satisfy consumers' needs and is received in exchange for money or something else of value.

• A) a promise or commitment exchanged between a seller and a buyer
• B) a bundle of tangible and intangible attributes
• C) an assortment of value-possessing activities
• D) an array of physical attributes
• E) a collection of tangible qualities

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Definitions:

Observational Learning

Observational learning is the process of acquiring skills, knowledge, or behaviors by watching and imitating others, as highlighted in social learning theory.

Social-cognitive Theory

A theory that emphasizes the importance of observational learning, imitative behavior, and social experience in the development of personality.

Behaviorist Approach

A perspective in psychology that focuses on observable behaviors and external stimuli, disregarding internal mental states.

Bandura's Experiment

A series of studies conducted by Albert Bandura that demonstrated the social learning of aggression through the observation of aggressive models, highlighting the role of observational learning.