_____ 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

---

Definitions:

Consortium

A group of companies or institutions that collaborate together to undertake an enterprise or mission that is beyond the capabilities of any single member.

"Make" Tactic

A strategy where a company decides to produce its products in-house rather than outsourcing.

"Ally" Tactic

A strategy where individuals or groups support and stand up for those in less privileged positions or facing discrimination.

Greenfield Venture

Refers to a type of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.