Question

A(n) ________ is defined as a tangible good, service, idea, or some combination of these that satisfies consumer or business customer needs through the exchange process.

Answer 1

A product is defined as tangible goods, services, ideas, or some combination of that satisfies the consumer.

Tangible good:

Tangible goods are any items that can be physically touched, moved, seen, weighed, measured, or picked up. A car, printed book, clothing, tools, flowers, furniture, or DVDs are just a few of many examples of tangible goods.

Intangible or Abstract goods;

An intangible good is claimed to be a type of good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps, or virtual goods used in virtual economies are proposed to be examples of intangible goods.

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