A Product Delivers a Benefit When It Satisfies a

question 75

Multiple Choice

A product delivers a benefit when it satisfies a .

• A)probability sample
• B)research study
• C)business portfolio
• D)need or want
• E)operational plan

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Definitions:

Gratuitous Promise

A commitment or pledge made without expecting anything in return, often unenforceable in contract law.

Consideration

The benefit, interest, or value that must be exchanged between parties in a contract to make it legally binding.

Liable

Legally responsible for an action or outcome, often involving the obligation to make restitution or compensation.

Voluntary Basis

Participation or action taken by an individual or entity without coercion, typically without expectation of payment.