____products______ to satisfy customers’ needs and wants. WHAT ARE PRODUCTS? Products include _____goods ____ and ____services________, which have monetary value and satisfy customers’ needs and wants. WHAT ARE GOODS? Kinds of things you can touch or hold in your hand. ➢ __Durable goods____________ – things that have a lasting effect ➢ ____Nondurable good____ – things that last only a short time Examples? Food, paper, topsoil. Drinks WHAT ARE SERVICES? Unpred. & intangible…
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