A (N) _____ Is Any Good or Service That Satisfies

question 37

Multiple Choice

A (n) _____ is any good or service that satisfies wants, along with its perceived attributes and benefits.

• A)market
• B)product
• C)brand
• D)exchange
• E)transaction

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Definitions:

Financial Statements

Formal records that outline the financial activities and conditions of a business, organization, or individual, often including the balance sheet, income statement, and cash flow statement.

Service Business

A type of business that provides intangible products or services to customers, rather than physical goods.

Credit Memo

A paper provided by the seller to the buyer, which decreases the total the buyer needs to pay to the seller based on the conditions of a prior bill.

Discount Period

The discount period is the timeframe during which a payment can be made with a discount for early settlement in terms of credit sales.