Which of the Following Is a Characteristic of a Product

question 39

Multiple Choice

Which of the following is a characteristic of a product or good (i.e.,not a service) ?

• A)helps to transform the customer physically or psychologically
• B)is intangible
• C)can be inventoried (i.e.,produced and used later)
• D)always requires a high degree of customer contact

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Definitions:

Third-Party Beneficiary

An individual or entity that stands to benefit from a contract, despite not being a direct party to the agreement.

Contract Formed

The point at which an agreement becomes legally binding, after all parties meet the necessary legal requirements.

Delegated

Pertains to the transfer of authority or responsibility from one entity or person to another, often seen in organizational or governmental contexts.

Express Provision

A specific clause in a contract or legal document that explicitly states an agreement or condition.