Good,service,or Idea Consisting of a Bundle of Tangible and Intangible

question 70

Multiple Choice

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 is known as a(n)

• A) utility.
• B) item.
• C) service.
• D) marketing program.
• E) product.

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Definitions:

Present Value

The worth at present of an upcoming monetary sum or flow of cash, given a predetermined return rate.

Maintenance Payments

Periodic payments made for the upkeep or support, often legally mandated in cases like alimony or child support.

Compounded Quarterly

The process of calculating interest added to the principal balance of an investment or loan every three months, leading to interest earned on interest.

Present Value

The contemporary valuation of a future money sum or cash flow series, based on a defined rate of interest.