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[>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) ### **Part 1: Initial Post** 1. Choose a product, or physical good, that you are familiar with (please use a product not previously used in Module 1) 2. Share a brief description of the product. 3. Classify th…
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[>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)
### **Part 1: Initial Post**
1. Choose a product, or physical good, that you are familiar with (please use a product not previously used in Module 1)
2. Share a brief description of the product.
3. Classify the product as one of the offering types below and explain your reasoning.
– Convenience
– Shopping
– Specialty
– Unsought
4. Next, choose a service offering.
5. Share a brief description of the service.
6. Classify the service as one of the offering types below and explain your reasoning..
– Convenience
– Shopping
– Specialty
– Unsought
7. Considering the product-service continuum shown below, where would your product and your service fall along this spectrum? _You may use the markers on the image below as reference (for example, my service would be located to the right of investment advice)._
8. Explain your reasoning as it relates to the tangible vs intangible features and benefits. _For more information, visit Lumen Learning's discussion of Goods vs. Services:_ [_https://courses.lumenlearning.com/marketing-spring2016/chapter/reading-products-and-services/Links to an external site._](https://courses.lumenlearning.com/marketing-spring2016/chapter/reading-products-and-services/)
_Source: Lumen Learning_ [_https://courses.lumenlearning.com/marketing-spring2016/chapter/reading-products-and-services/Links to an external site._](https://courses.lumenlearning.com/marketing-spring2016/chapter/reading-products-and-services/)
– 2 years ago
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