A Good,service,or Idea Consisting of a Bundle of Tangible and Intangible

question 217

Multiple Choice

A good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is known as

• A)a utility.
• B)an item.
• C)a service.
• D)a marketing program.
• E)a product.

---

Definitions:

Thin Clients

Computing devices that rely on a server for processing activities, designed to be used in a client-server architecture with minimal local storage or processing power.

Fat Clients

Computing devices that handle the bulk of data processing operations by themselves, without needing to constantly communicate with a server, opposite to thin clients.

Packet Switching

A method of grouping data that is transmitted over a digital network into packets which are then sent independently and can take different paths to the destination.

Running Costs

Ongoing expenses required for the day-to-day operation of a business, service, or system.