A product is called a good if ________
A) its price is below the market standards
B) it is predominantly tangible
C) it has been standardized
D) it is sold directly to the end consumers
E) its price is above the market standards
Answer: B
Explanation: Products contain both tangible and intangible components. Predominantly tangible products are categorized as goods, whereas predominantly intangible products are categorized as services.
Business
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