A Product

question 97

Multiple Choice

A product

• A)consists of the benefits or customer value received by its sellers.
• B)is the cluster of benefits that an organization promises customers to satisfy their needs.
• C)is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange for money or something else of value.
• D)consists of items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort.
• E)is the set of intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value

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Definitions:

Administrative Control

The systematic process of managing and regulating an organization's resources, operations, and policies to achieve its objectives.

Dynastic Marriages

Marriages arranged between royal families or noble houses to establish alliances, secure peace, or consolidate power.

Inka Empire

A large South American empire centered in modern-day Peru, known for its advanced architectural, agricultural, and administrative achievements before Spanish conquest.

Machu Picchu

An ancient Incan city located in the Andes mountains of Peru, renowned for its archaeological significance and stunning panoramic views.