Which of the Following Is the Best Definition of Product

question 2

Multiple Choice

Which of the following is the best definition of product features?

• A) The things a product does that provide benefits to the customer
• B) Mechanical efforts or activities a company provides that add value to a product
• C) Specific design characteristics that allow a product to perform certain tasks
• D) How a product is conceived, planned, and produced with the necessary functions
• E) The physical appearance of a product

Understand how and why businesses offer credit to their customers.

Recognize the purpose and components of public relations within a business context.

Grasp the factors that influence the setting of product prices.

Understand the composition and significance of the promotional mix in marketing.

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Definitions:

Profit Earning

The net income that a company generates, calculated as revenues minus expenses, taxes, and costs.