Product Refers to

question 270

Multiple Choice

Product refers to

• A)a tangible good received in exchange for a person's time and effort.
• B)intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
• C)a good that has in some way been altered, combined, or improved and sold to organizational buyers.
• D)a thought that leads to an action such as a concept for a new invention.
• E)a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value.

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Definitions:

Increasing Benefits

Enhancing or expanding the advantages or positive outcomes provided by a service, policy, or program over time.

Employer Duties

Refers to the responsibilities and obligations an employer has towards their employees, including providing a safe working environment and paying wages.

Securities Act

Legislation enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.

Exchange Commission

A regulatory body responsible for overseeing and regulating securities exchanges to protect investors and ensure fair, efficient, and transparent markets.