Please answer numbers 7, 8, 9, and 10. No need to explain. Just tell wheter they are TRUE or FALSE Directions: TRUE OR FALSE Read the following statements carefully. Write TRUE if the statement iscorrect and FALSE if it is wrong.1. The word "product" refers to something sold by a business to please the consumer, whethertangible or intangible.2. Products are bought as raw materials in manufacturing and sold as finished goods only.3. An intangible product is a physical thing that can be sensed by touching.4.Terrible product experience can scare consumers away.5. Positive product experience increases use, creates loyalty, and boosts ratings.6. Product is only a physical, tangible offering, capable of being delivered to a customer7. The total product concept broadly describes a product as a bundle of attributes, creating valuefor the customer.8. A product is anything that could be offered to the customer that might satisfy a desire or aneed.9. The product can be labeled as tangible or intangible.10. Product experience reflects the overall consumer experience that occurs within the productitself.

Product is a good or service which is received in exchange of money or something. Products can be…

6. Product is only a 7. The total product concept broadly describes a product as a bundle of attributes, creating value for the customer. 8. A product is anything that could be offered to the customer that might satisfy a desire or a need. 9. The product can be labeled as tangible or intangible. 10. Product experience reflects the overall consumer experience that occurs within the product itself.

6. Product is only a 7. The total product concept broadly describes a product as a bundle of attributes, creating value for the customer. 8. A product is anything that could be offered to the customer that might satisfy a desire or a need. 9. The product can be labeled as tangible or intangible. 10. Product experience reflects the overall consumer experience that occurs within the product itself.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.3: Consumerism

Problem 5R

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