Street Lights Are an Example of a Good That Is

question 243

Multiple Choice

Street lights are an example of a good that is:

• A) nonexcludable and nonrival.
• B) nonexcludable and rival.
• C) excludable and nonrival.
• D) excludable and rival.

---

Definitions:

Product

One of the four main elements of the marketing mix, it is a bundle of tangible and intangible attributes, including packaging, color, and brand, plus the services and even the reputation of the seller.

Strategic Question

A carefully formulated question designed to gather essential information, guide decision-making, or provoke deeper thinking related to strategic goals.

SPIN Approach

A consultative sales technique that stands for Situation, Problem, Implication, Need-payoff, focusing on asking questions to understand customer needs and offering solutions.

Questions

Questions are inquiries or prompts designed to elicit information, encourage thought, or provoke discussion.