The Tangible and Intangible Features of a Product Are Sometimes

question 77

Multiple Choice

The tangible and intangible features of a product are sometimes called the _____.

• A)customer benefit package
• B)product layout
• C)value chain
• D)critical path

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Definitions:

Tangerines

A small citrus fruit with a deep orange color, easy to peel skin, and a sweet flavor.

Consumption Proportions

The ratios at which various goods and services are consumed by an individual or in an economy.

Price Change

A variation in the price level of goods or services over a period of time, which can affect demand, supply, and market equilibrium.

Initial Endowment

The initial set of assets, goods, or resources individuals or entities possess before engaging in transactions or economic activities.