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Most Products Are Actually a Combination of Goods and Services

question 70

Essay

Most products are actually a combination of goods and services.Describe the service benefits that might have led to the purchase of each of the following products:
.a new car from a local dealership
.hamburger meat from the grocery store
.a delivered pizza to be eaten at home


Definitions:

Expropriation

The act by a government of taking privately owned property to public use, typically with compensation to the owners.

Payment Of Compensation

The process of providing financial remuneration to an individual or entity for loss, damage, or injury.

Franchising

A business model that allows individuals to own and operate their own business using the branding and systems of an established company.

License

A legal permission granted by an authority to engage in a certain activity or to use a certain property that belongs to someone else.

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