The Three Basic Forms That a Product Can Take Are

question 161

Multiple Choice

The three basic forms that a product can take are

• A) markets, products, and images.
• B) goods, ideas, and intangibles.
• C) brands, services, and tangibles.
• D) services, ideas, and goods.
• E) ideas, services, and things.

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Definitions:

Expected

Referring to what is considered likely or anticipated in terms of events, values, or outcomes.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit of a product.

Unit Sales

The total quantity of a product sold by a company, not accounting for the revenue generated or any discounts offered.

Break-Even Volume

is the quantity of sales necessary to cover all fixed and variable costs, resulting in zero profit or loss.