Intangible Activities or Benefits That an Organization Provides to Satisfy

question 18

Multiple Choice

Intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value are referred to as

• A) services.
• B) goods.
• C) products.
• D) marketing mix.
• E) ideas.

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Definitions:

MTBF

Mean Time Between Failures, a reliability metric that measures the average time between system failures in a process or product.

System Reliability

The probability that a system will perform its intended function without failure under stated conditions for a specified period of time.

Redundant Check

A process or mechanism that is repeated or additional, used to verify accuracy or reliability to ensure errors are minimized.

Reliability Ratings

A measure or score indicating the dependability, quality, or performance consistency of a product, system, or entity.