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 consumer good
B)a product
C)a manufactured good
D)a stock item
E)merchandise

Question

Quizplus · Accepted Answer

A product is the most fitting definition for the given description. A product can be physical goods, services, or ideas that cater to the needs and wants of customers and are exchanged for money or valuable compensation. The other options either do not encompass intangible attributes (such as manufactured good) or are too limiting in their definition (such as a consumer good, which only refers to a type of product).

A Good, Service, or Idea Consisting of a Bundle of Tangible