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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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