Product
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Questions and Answers

Which one of these is a definition of a product?

  • Services can't be separated from providers.
  • Anything offered to a market for attention, acquisition, use, or consumption that might satisfy a need or want. (correct)
  • Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything.
  • Services can't be inventoried for later sale.

    • Which one of these is a characteristic of services?

  • Intangibility (correct)
  • Perishability
  • Inseparability
  • Variability

    • Which one of these is an example of a market offering?

  • Toothpaste
  • Financial services
  • Doctor's exam
  • All of the above (correct)

    • Which one of these is a goal of understanding products and their classifications?

    <p>To understand the classifications of products</p> Signup and view all the answers

    Which one of these is a characteristic of services that results in variability?

    <p>Variability</p> Signup and view all the answers

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