12th Class Business Studies Marketing

  • question_answer 13)
    Products is a mixture of tangible and intangible attributes. Discuss.

    Answer:

    In marketing, product is a mixture of tangible and intangible attributes which are capable of being exchanged for a value, with ability to satisfy customer needs. Beside physical objects, include services, ideas, persons and places in the concept of product. Thus, product may be defines as anything that can be offered in a market to satisfy a want or need. It is offered for attention, acquisition, use or consumption.


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