Which of the Following Is True with Regard to the Concept

question 200

Multiple Choice

Which of the following is true with regard to the concept of the value package?

• A) The physical characteristics of the product are the primary focus for the consumer.
• B) The price of the product is the primary focus of the consumer.
• C) The value package includes both tangible and intangible attributes of the product.
• D) The value package cannot be high if the price of the product is high.
• E) The value package concept applies to physical products, but not intangible services.

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Definitions:

Conflict-Of-Law

A legal discipline that addresses discrepancies and disputes involving the application of laws from different jurisdictions or countries.

International Law

A body of rules and principles that governs the relations and conduct of nations and international organizations.

Magnuson-Moss Act

A federal law enacted in 1975 that governs warranties on consumer products to protect consumers from deceptive warranty practices.

Written Warranty

A legal, written guarantee provided by the seller or manufacturer regarding the condition of a product and the provision of repair or replacement.