A Good Product or Service Has Features and Characteristics That

question 38

Multiple Choice

A good product or service has features and characteristics that satisfy stated or implied needs. This is an example of a(n) :

• A)Prototype
• B)Core benefit proposition
• C)Quality product or service
• D)Product concept

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Definitions:

UPS

United Parcel Service, a global courier and package delivery company. Alternatively, an uninterruptible power supply, a device that provides emergency power during electrical outages.

FedEx

An American multinational delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.

Intrinsic Value

The actual, inherent value of a financial asset, detached from its current market price.

Strike Price

The set price at which an options contract can be bought (call) or sold (put) when it is exercised.