What Aspect of the Product Is Being Described When a Used

question 90

Multiple Choice

What aspect of the product is being described when a used car salesperson explains that each car comes with a one-year extended warranty and a two-year maintenance plan?

• A) associated services
• B) actual product
• C) product style
• D) product position
• E) product concept

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Definitions:

Exact Value

Precise numerical value without approximation, representing the true measure or count of something.

Bidders

Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.

Expected Price

The price level that purchasers or sellers anticipate a good or service will have in the future.

Oral Auction

A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.