What defines a product in terms of market offerings? A) Only physical goods that can be owned. B) Anything that can be offered for attention, acquisition, use, or consumption. C) S... What defines a product in terms of market offerings? A) Only physical goods that can be owned. B) Anything that can be offered for attention, acquisition, use, or consumption. C) Services that are permanently owned by the buyer. D) Anything that is intangible and cannot satisfy needs.
Understand the Problem
The question is asking for the correct definition of a product within the context of market offerings. It presents different options that describe what a product can be, and the goal is to identify the most accurate definition from the provided choices.
Answer
Anything that can be offered for attention, acquisition, use, or consumption.
The final answer is: Anything that can be offered for attention, acquisition, use, or consumption.
Answer for screen readers
The final answer is: Anything that can be offered for attention, acquisition, use, or consumption.
More Information
A product in marketing can include tangible items, services, events, persons, places, organizations, ideas, or mixes of these. It is essentially anything that can be offered to a market to satisfy a want or need.
Tips
A common mistake is confusing products with only tangible goods. Services and ideas can also be classified as products.
Sources
- Solved Question 1 (5 points) Product - Anything that can be - Chegg - chegg.com
- Reading: Defining Product | Principles of Marketing - courses.lumenlearning.com
- Summary Principles of Marketing by Kotler - WorldSupporter - worldsupporter.org
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