Product Is a Good,service,or Idea Consisting of a __________ That

question 61

Multiple Choice

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

• A) promise or commitment exchanged between a seller and a buyer
• B) bundle of tangible and intangible attributes
• C) bundle of tangible attributes
• D) bundle of intangible attributes
• E) bundle of tangible and intangible experiences

---

Definitions:

Mean

To find the average value of a group of numbers, one adds together all the numbers and divides by how many numbers there are.

Skewed

Describes a distribution of data that is asymmetrical, where a tail of the distribution is longer or fatter on one side than on the other.

Overall Average

The mean value calculated from the sum of all elements in a dataset divided by the total number of elements.

Statistics

The practice or science of collecting and analyzing numerical data in large quantities, especially for inferring proportions in a whole from those in a representative sample.