A product refers to
A)a tangible good received in exchange for a person's time and effort.
B)intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
C)a good that has in some way been altered, combined, or improved and sold to organizational buyers.
D)is a thought that leads to an action such as a concept for a new invention.
E)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

Question

Quizplus · Accepted Answer

The definition of a product includes a bundle of tangible and intangible attributes that satisfy consumers' needs and are received in exchange for money or something else of value. This definition best aligns with option E. Option A refers specifically to tangible goods, while option B refers only to intangible benefits. Option C refers specifically to goods sold to organizational buyers, while option D is not a accurate definition of a product.

A Product Refers to