A Product Is a Good, Service, or Idea Consisting of a _________

question 250

Multiple Choice

A product is a good, service, or idea consisting of a _________ that satisfies consumers' needs and is received in exchange for money or something else of value.

• A)promise or commitment from the seller
• B)bundle of tangible and intangible attributes
• C)bundle of tangible attributes
• D)bundle of intangible attributes
• E)component parts

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, influencing the likelihood of that behavior being repeated.

Classical Conditioning

A teaching technique involving the repetitive pairing of two signals; a reaction initially caused by the second signal is ultimately induced by just the first signal.

Scale Error

A cognitive error observed in young children where they misjudge the size of objects, attempting interactions that are not possible due to size discrepancies.

Conservation Skills

Cognitive abilities described by Piaget where a child understands that certain properties of objects remain the same despite changes in their form or arrangement.