A product
A)consists of the benefits or customer value received by its sellers.
B)is the cluster of benefits that an organization promises customers to satisfy their needs.
C)is 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.
D)consists of items that the consumer purchases frequently,conveniently,and with a minimum of shopping effort.
E)is the set of intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

Question

Quizplus · Accepted Answer

This option accurately defines a product as a bundle of tangible and intangible attributes that are exchanged for money or something of value, and that meet the needs of consumers. It covers the physical and non-physical aspects of a product, and emphasizes the importance of value and exchange in the product's definition. The other options do not provide an accurate or complete definition of what a product is.

A Product