_____ Means a Product's Ability to Satisfy a Customer's Needs

question 87

Multiple Choice

_____ means a product's ability to satisfy a customer's needs or requirements.

• A) Quality
• B) Service
• C) Trademark
• D) Derived demand
• E) Assortment

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Definitions:

Nonnegotiable

Unable to be bought, sold, exchanged, or transferred to another party.

Express Contract

A clearly stated agreement between parties, with terms explicitly mentioned either orally or in writing.

Commodities

Commodities are raw materials or agricultural products that can be bought and sold, such as gold, oil, or grains.

Nonnegotiable

Something that cannot be bargained or altered; absolute or not subject to change.