MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
5th Edition
ISBN: 9781305511538
Author: William M. Pride; Robert J. Hughes; Jack R. Kapoor
Publisher: Cengage Learning US
Question
Book Icon
Chapter 12, Problem 1DQ
Summary Introduction

To determine: The aspect that a buyer of a product acquire in addition to the good, service or idea.

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

Expert Solution & Answer
Check Mark

Explanation of Solution

The aspect that a purchaser of a product obtains besides the good, service or idea is 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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Would the product enhance the image of the company’s overall product mix?
Briefly introduce your own product (goods or services) And explain why you choose or create that brand name of your product.
Two similar consumer goods and compare them in terms of their use, safety, quality and cost
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning