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Identify the Difference Between Tangible and Intangible Products and Explain

question 75

Essay

Identify the difference between tangible and intangible products and explain why most products can be thought of as falling on a tangible/intangible continuum.


Definitions:

Prosocial

Acting in ways that tend to benefit others.

Reciprocal Helping

Reciprocal helping is a social behavior where an individual aids another with the expectation that the help will be returned in the future, enhancing survival chances for both.

Frustration-Aggression Hypothesis

The idea that the more frustrated a person feels, the more likely the person is to act aggressively.

Risky-Shift Effect

The phenomenon where a group collectively decides on a course of action that is more extreme than they would have decided individually.

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