A product is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is
A)received in exchange for legal tender (money).
B)received in exchange for money or something else of value.
C)provides the seller with a tangible profit.
D)a tangible good received in exchange for a person's time and effort.
E)a tangible good received in exchange for providing value.

Question

Quizplus · Accepted Answer

A product can be received in exchange for money or something else of value. This can include bartering or trading goods or services instead of using legal tender (money). Additionally, the intangible attributes of a product, such as a brand's reputation or customer service, can also provide value to consumers beyond the tangible attributes.

A Product Is a Good, Service, or Idea Consisting of a Bundle