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Which best describes what occurs in the product market?
 
A) the exchange of labor for capital.
B) the exchange of goods and services for factors of production.
C) the exchange of goods and services for money.
D) the exchange of money for factors of production.

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Nelly Stracke
Nelly StrackeLv2
23 Apr 2020
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Related questions

Services refer to
A. intangible activities or benefits provided to consumers in exchange for other services or nonmonetary payments.
B. intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
C. philanthropic activities performed in without expectations of monetary remuneration.
D. any intangible activity that provides a benefit to a consumer that he or she could not have obtained or performed on his or her own.
E. any tangible activities that provide a benefit to a consumer that he or she could not have obtained or performed on his or her own.
B. intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
Which of the following is a difference between goods and services?
 
a. Goods are often unique
 
b. Services cannot be inventoried
 
c. Goods have high customer-service interaction
 
d. All of the above
A marketing strategy consists of selecting a segment of the market as the company's target market and designing the proper:
a.products for that target market
b." mix" of product/service, price, promotion, and distribution for that market
c.promotion for that target market
d.mix of product, distribution, and warranty service for that target market
e.incentives to allow a large percentage of the target market to purchase goods and services from the company

 

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