in marketing, a 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 known as a(n)

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02-09-2022
Business

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in marketing, a 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 known as a(n)

Sagot :

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Tutorconsortium340 Tutorconsortium340 · Answer 1 · 2022-09-07T01:03:37-04:00

It is known as a product.

What is a product?

Anything you sell to fulfill a customer's need or desire is a product. They could be real or virtual. Physical products come in both durable and nondurable varieties, including furniture, computers, and vehicles (such as food and beverages). Offerings of services or experiences constitute virtual products (such as education, software, and other digital products). A hybrid product might have both physical and virtual components. In order to better reach and serve customers, traditionally analog products are incorporating digital technology, leading to an increase in the prevalence of hybrid products.

Thus This guide will teach you that there is much more to a product than what the customer initially sees and what they believe they are purchasing.

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What is a product?

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