Author Question: Everything that one receives in an exchange, including all tangible and intangible attributes and ... (Read 125 times)

tfester · **on:** Jul 14, 2018

Everything that one receives in an exchange, including all tangible and intangible attributes and expected benefits, is called a:
A) package.
B) contract.
C) product.
D) trade.
E) warranty.

Question 2

Walmart uses radio frequency identification (RFID) chips to quickly update inventory. The addition of RFID chips eliminated the need for an employee to scan each individual product by hand. This innovation is a benefit because it:
A) lowers the cost Walmart spends on employee salaries.
B) offers customers new experiences.
C) improves the quality of products sold by Walmart.
D) increases the price Walmart can charge on products with RFID chips.
E) decreases the pace of innovation across the industry.