ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a product?
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A good, service or combination of both
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A business
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A brand
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A good or service
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Explanation:
Detailed explanation-1: -The combination of a product and a service is a product-service hybrid.
Detailed explanation-2: -What are Products and Services? A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals.
Detailed explanation-3: -Answer and Explanation: The consumption bundle of a consumer includes all the goods and services which satisfy his needs and wants. Thus, the consumption bundle is the term for a particular combination of specific quantities of goods or services.
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