A Good,service,or Idea Consisting of a Bundle of Tangible and Intangible

question 158

Multiple Choice

A good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is referred to as __________.

• A)a widget
• B)a product
• C)a service
• D)an idea
• E)merchandise

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Definitions:

Customs

Customs are traditional and widely accepted ways of behaving or doing something that are specific to a particular society, place, or time.

Values

Fundamental beliefs or standards that individuals or societies hold, which guide and influence behavior and decision-making.

Cultural Output

The collective set of creative, intellectual, and social expressions produced by a culture or society.

Song Lyrics

The words of a song, often containing thematic elements and expressing the songwriter's emotions or storytelling.