A physical good, service, or idea that satisfies a want or need is called a(n) Blank______.Multiple choice question.brandproducttargetconcept
Question
A physical good, service, or idea that satisfies a want or need is called a(n) __________.
Multiple choice question:
- brand
- product
- target
- concept
Solution
The correct answer to the question is product.
A product can be a physical good, a service, or even an idea that fulfills a customer's want or need. In marketing terms, it represents the core offering that businesses provide to satisfy consumer demands. The other options, such as "brand," "target," and "concept," each have specific meanings in marketing but do not directly refer to something that satisfies a want or need. A brand is the identity of a product, a target refers to the specific audience a product is marketed to, and a concept is an idea that may underpin a product but is not itself a good or service.
Similar Questions
A physical good, service, or idea that satisfies a want or need is called a(n) Blank______.Multiple choice question.brandproducttargetconcept
Testing a product among potential users is Blank______.Multiple choice question.target marketingbrandingconcept reviewtest marketing
The amount of money it costs to obtain some good, service, or other valuable thing is known as the Blank______.
Using technology for the development of new products creates Blank______ for customers.Multiple choice question.competitioninflationvaluesuperior service
The goods and services a business uses to produce its outputs are known as ______.Multiple choice question.inputsinsertsingredients
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.