A product may be defined as everything,both favourable and unfavourable,that a person receives in an exchange.

Question

Quizplus · Accepted Answer

This is the correct definition of a product according to marketing principles. It includes not only the physical item, but also any service, support, or other benefits received from the exchange. It also takes into account any negative aspects of the product, such as defects, poor customer service, or other issues that may arise.

A Product May Be Defined as Everything,both Favourable and Unfavourable,that