BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Item
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Service
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Business
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Product
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Detailed explanation-1: -Definition: A product is the item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price.
Detailed explanation-2: -Goods are products or things that can be bought or sold. Services are the work that people do for others in exchange for money.
Detailed explanation-3: -Consumer products, also called consumer (or final) goods, are products purchased for personal use. Consumer products are sold directly for the customer to use and are not intended for continued production or resale. Most consumer goods are displayed on shelves in a store or available for sale online.
Detailed explanation-4: -In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer.