A good,a service,or an idea designed to fill a consumer need is a ________.
A) product
B) firm
C) want
D) utility

Question

Quizplus · Accepted Answer

A product is specifically designed to fill a consumer need or want, and it can be a physical good, a service, or even an idea or concept. Firms produce products to meet these consumer needs and wants, creating value for both the consumer and the producer. Utilities are typically services provided by public or private entities, and wants are desires or preferences that individuals have, but may not necessarily require a specific product or service to fulfill.

A Good,a Service,or an Idea Designed to Fill a Consumer