_____ means a product's ability to satisfy a customer's needs or requirements.
A) Quality
B) Service
C) Trademark
D) Derived demand
E) Assortment

Question

Quizplus · Accepted Answer

Quality refers to the level of excellence or superiority of a product in meeting customer's needs or requirements. Services are activities provided by a company to enhance a product's value but do not necessarily ensure customer satisfaction. Trademark refers to a name, symbol, or design used as a unique signifier of a company's products or services. Derived demand refers to the demand for goods or services resulting from the demand for another good or service. Assortment refers to the variety of products or services offered by a company.

_____ Means a Product's Ability to Satisfy a Customer's Needs