Which of the Following Best Describes a Product

question 72

Multiple Choice

Which of the following best describes a product?

• A) the physical characteristics of an item that one can buy for personal, professional, or organizational use
• B) the costs and benefits that the seller promotes in various marketing messages
• C) assurances, reliability, and tangibles all at once
• D) a bundle of physical, service, and symbolic attributes designed to satisfy a customer's wants and needs

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Definitions:

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions.

Direct Method

A cash flow statement preparation approach that lists major classes of gross cash receipts and payments.

Gain

A financial term referring to the positive difference between the sale price of an asset and its original purchase price.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the company.