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 is referred to as __________.
A) a widget
B) a product
C) a service
D) an idea
E) merchandise

Question

Quizplus · Accepted Answer

A product is a good, service, or idea that is offered in exchange for money or something else of value. This can be a physical object (tangible attribute) or a service (intangible attribute) that satisfies the needs of a consumer. While the other options may be relevant in certain contexts, the most accurate and broadly applicable term for this description is "product".

Good,service,or Idea Consisting of a Bundle of Tangible and Intangible