Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
6th Edition
ISBN: 9781337386920
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
Question
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Chapter 12, Problem 1DQ
Summary Introduction

To determine: The aspect that a buyer of a product acquire in addition to the good, service or idea.

Introduction: A product is goods that is offered available to be purchased. A product can be a product or service. It can be substantial or in virtual or digital frame. Each product is made at a cost and each is sold at a cost.

Expert Solution & Answer
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Explanation of Solution

The aspect that a purchaser of a product obtains besides the good, service or idea is as follows:

A product is all that one gets in a trade, including all tangible and intangible properties and expected advantages. If the product is a genuine, the cost may likewise incorporate such services as conveyance, establishment, guarantees, and preparing. If the product is a service, the buyer may acquire, as on account of managing a lawyer, the exhortation looked for as well as a money related reward because of that counsel.

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