________ Are a Form of Product That Consists of Activities,benefits

question 24

Multiple Choice

________ are a form of product that consists of activities,benefits or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

• A)Line extensions
• B)Services
• C)Brands
• D)Consumer products
• E)Supplements

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Definitions:

Division of Labor

The assignment of different parts of a manufacturing process or task to different people to improve efficiency.

Specialized Tasks

Distinct components of a job designed to be performed by individuals with specific skills or training, often to increase efficiency.

Coincidence of Wants

In barter economies, this refers to the situation where two parties each possess an item the other wants, making an exchange possible without the need for money.

Medium of Exchange

An intermediary used in trade to avoid the inconveniences of a pure barter system.