Question

A _______ is the specific combination of goods, services, or ideas that a firm offers to its target market to enrich the lives of consumers by providing designs, features, and functions that people need and want.

Answer 1

Product

Step-by-step explanation:

A product is the specific combination of goods, services, or ideas that a firm offers to its target market to enrich the lives of consumers by providing designs, features, and functions that people need and want. Example soaps like lux imperial leather, premier are products that this firms offer for consumers. Others are electricity which are services rendered to the consumer etc.

Answer 2

Product.

Step-by-step explanation:

As the exercise defines, a product is the specific combination of goods, services, or ideas that a firm offers to its target market to enrich the lives of consumers by providing designs, features, and functions that people need and want. For example, if one goes to Apple, the product that they offer is not only a phone, but the service of repair if something happens to it. Both of this things (the phone itself and the service of repair) are products that Apple sells. And, as it's already mentioned, a product has to be somehow productive or helpful for the consumer to buy it.