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 consumers.
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

A product can be a good (tangible item), service (intangible activity), or idea (intangible benefit) that satisfies consumers' needs and is exchanged for money or something else of value. It can consist of both tangible and intangible attributes, making option E the best choice. Options A, B, C, and D are either too narrow or do not fully encompass the definition of a product.

A Product Refers to