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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Identify the general categories of products.

Summary Introduction

To determine: The general categories of products.

Introduction: A product is a good or service that can be purchased or experienced. It can be substantial or in virtual or digital frame. Each product is made at a cost and each is sold at a cost.

Explanation

The general categories of products are as follows:

A product is all that one gets in a trade, including all tangible and intangible properties and expected advantages. If the product is a genuine, the cost may likewise incorporate such services as conveyance, establishment, guarantees, and preparing. If the product is a service, the buyer may acquire, as on account of managing a lawyer, the exhortation looked for as well as a money related reward because of that counsel.

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