Question: 1. Define, in your own words, what a Product is.
2. Discuss several ways in which physical goods are different from pure services. Give an example of a good and then an example of a service that illustrates each of the differences.
3. What products are being offered by a shop that specializes in bicycles? By a travel agent? By a supermarket? By a new car dealer?
4. What kinds of consumer products are the following:
(a) watches,
(b) automobiles.
(c) tooth-pastes? Explain your reasoning.