A Product Refers to

question 194

Multiple Choice

A 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:

Fairness

The quality of treating others equitably, without favoritism or discrimination, often applied in legal, social, and economic contexts.

Equity

The ownership interest held by shareholders in a corporation, represented by their shares of stock.

Proportional

A relationship between two quantities where they increase or decrease at the same rate.

Tax Collection

The process performed by governments or authorized agencies to collect taxes from individuals, corporations, and other entities to fund public expenditures.