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.
A. augmented product
B. service
C. innovation
D. product
E. core product
Answer: D
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Calculate the average relative price of the product of a business that has a customer value of 36, and a below-average relative product quality of 114
A) -78 B) -36 C) 150 D) 78 E) 36
In an ethical decision-making workshop, what activity should a facilitator introduce after introducing the hypothetical ethical dilemma?
a. Have participants vote by secret ballot on the best solution, then tally the votes and share the results with the workshop. b. Have participants break out into small groups and discuss possible solutions. c. Have participants write down a single sentence describing what they think to be the best possible course of action. d. Have participants write answers to the seven systematic rational ethical decision- making process questions.
________ is the exchange value of a product or service in the marketplace
A) Utility B) Tangibility C) Price D) Wage E) Salary
Under GAAP, an entry should be made to the Bad Debt Expense account
a. when an account receivable with terms 2/10, n30 is past thirty days due. b. when an account receivable previously written off is determined to be collectible. c. when an account receivable is determined not to be collectible and is written off. d. in the period when a sale is made and not when the receivable associated with the sale is determined to be uncollectible.