Examlex
Which of the following statements is true about the mobility rate of the population of the United States?
Product
Any item or service offered for sale, designed to meet a specific need or demand in the market.
Service
Making a contribution to the welfare of others; the product which is an action or activity done for others for a fee.
Premium
Refers to a payment made for insurance coverage or an amount paid for a product/service above its standard cost.
Merchandise
Goods to be bought and sold, typically in a retail environment.
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