Product

question 162

Multiple Choice

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 satisfies 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:

Cluster A

A classification within the Diagnostic and Statistical Manual of Mental Disorders (DSM), referring to personality disorders characterized by odd, eccentric thinking or behavior; includes paranoid, schizoid, and schizotypal personality disorders.

Paranoid

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically elaborated into an organized system.

Schizotypal

A personality disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.

Psychoticism

Extreme openness to experience.