A "Product" Might Include

question 157

Multiple Choice

A "product" might include:

• A) a brand name, a package, and a warranty.
• B) instructions.
• C) a service which does not include a physical good at all.
• D) some physical item and its related features.
• E) All of these choices are good answers.

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Definitions:

Warehousing Activities

Operations involved in storing goods in a warehouse, including inventory management, picking, packing, and shipping.

Re-stocking

The process of replenishing inventory or goods in a store or warehouse.

Inventory Carrying Costs

The costs required to make or buy a product, including risk of obsolescence, taxes, insurance, and warehousing space used to store the goods.

Taxes

Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.