The Benefits the Product Provides Are Referred to as the ________

question 10

Multiple Choice

The benefits the product provides are referred to as the ________ product while supporting features such as warranties and delivery are referred to as the ________ product?

• A)actual; augmented
• B)actual; core
• C)core; augmented
• D)basic; additional
• E)utility; extended

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Definitions:

Risk

The potential for loss, damage, or any other undesirable outcome, often associated with decisions or activities.

Premium

An additional amount paid for a service or product, or the level of coverage or benefits in an insurance policy.

Insured

A person or entity covered under an insurance policy to protect against certain risks or losses.

Insurer

A company or entity that provides insurance coverage to individuals, businesses, or other entities against financial loss or damage.