Which Term Is Defined as the Combination of "Characteristics of a Product

question 6

Multiple Choice

Which term is defined as the combination of "characteristics of a product or service that bear on its ability to satisfy stated or implied needs"?

• A) quality
• B) production
• C) quantity
• D) clarification
• E) capacity

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Definitions:

Antitrust Laws

Legislation enacted to prevent new monopolies from forming and to break up those that already exist to ensure competition in the marketplace.

Federal Trade Commission

The Federal Trade Commission is a U.S. federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.

Unfair Practices

Business actions that are dishonest, deceptive, or not in accordance with established legal and ethical standards.

Public Hearings

Formal meetings held by governmental bodies to allow the public to express opinions and provide input on proposed regulations, projects, or decisions.