Goods Are Material Items or Products That Customers Will Buy

question 128

True/False

Goods are material items or products that customers will buy to satisfy a want or need.

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Definitions:

Decentralized

Refers to the distribution of decision-making powers and actions across various levels or locations in an organization or system, as opposed to central control.

Power Distribution

The way in which power is allocated and exercised among individuals and groups within a society, organization, or system.

Israel

A country in the Middle East, established in 1948, known for its historical, religious, and cultural significance.

Social Class

refers to the division of society into groups based on economic, educational, and professional characteristics, influencing individuals' lifestyles, behaviors, and opportunities.