A Product

question 228

Multiple Choice

A product

• A)consists of the benefits or customer value received by its sellers.
• B)is the cluster of benefits that an organization promises customers to satisfy their needs.
• C)is a good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange for money or something else of value.
• D)consists of items that the consumer purchases frequently,conveniently,and with a minimum of shopping effort.
• E)is the set of intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

---

Definitions:

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.

Par Common Stock

The value assigned to a share of common stock in the company's charter, not indicative of the market value.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with predetermined dividend payments.

Cash

Money in the form of bills or coins, available for transactions or banking.