Question

An over-the-counter (OTC) drug product most often is considered which type of "product"?     A.   Pure...

An over-the-counter (OTC) drug product most often is considered which type of "product"?

    A.   Pure tangible good

    B.   Tangible good with accompanying services

    C.   Hybird

    D.   Major service with accompanying minor goods and services

    E.   Pure service

Homework Answers

Answer #1

A. Pure tangible good

Popular examples of OTC drugs include pain relievers like acetaminophen (Tylenol) and ibuprofen (Advil, Motrin), cough suppressants such as dextromethorphan (Robitussin) and antihistamines like loratadine (Claritin 24H). These drugs are usually located on shelves in pharmacies, grocery stores, and even in gas stations. since no service like warranty or customer service contract is associated with these goods hence they are pure tangible.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following is FALSE on over-the-counter (OTC) derivatives and exchange traded derivatives? Group of...
Which of the following is FALSE on over-the-counter (OTC) derivatives and exchange traded derivatives? Group of answer choices A) OTC derivatives are privately negotiated contracts. B) Exchange traded derivatives are marked to market every day (daily marking to market). C) Exchange traded derivatives have higher default risk than OTC derivatives. D) Exchange traded derivatives are more liquid than OTC derivatives. PreviousNext
Which of the following statements about services is false? Select one: a. The outcomes of services...
Which of the following statements about services is false? Select one: a. The outcomes of services tend to be more standardised and uniform than goods b. Services are usually sold first, then produced and consumed simultaneously c. Because of their intangibility, services are generally more difficult to evaluate than goods d. When a service is purchased, there is often nothing tangible to show for it
2.) Which type of listening—informational, critical, empathic—do you engage in most often? Which type do you...
2.) Which type of listening—informational, critical, empathic—do you engage in most often? Which type do you enjoy the most? Why? 3.) Compare and contrast a) jealousy and envy; b) liking and love; and c) sadness and depression. 4.) Identify and briefly define each of the five stages of grief.
1) The International Monetary Fund (IMF): I. Is considered to be the international lender of last...
1) The International Monetary Fund (IMF): I. Is considered to be the international lender of last resort. True II. Is primarily responsible for determining U.S. monetary policy and short-term interest rates. III. Makes structural adjustment loans, which are often extended, to countries with a variety of debt-related problems. Select one: A. I and II only B. I and III only C. II and III only D. I, II, and III 2) How does over-the-counter (OTC) trading differ from trading on...
The Pure Food and Drug Act (PFDA) of 1906 was significant in that it gave the...
The Pure Food and Drug Act (PFDA) of 1906 was significant in that it gave the government the power to prohibit drug labels from claiming false therapeutic benefits. However, the act still had several weaknesses. Which statements most accurately describe the weaknesses? Select all that apply. A. This law required adequate testing for safety prior to marketing. B. This law required all drug labels to accurately describe their contents. C. This law required drug manufacturers to prove that the drug...
Question 10 (1 point) Which of the following statements is true? a Purchasing power is the...
Question 10 (1 point) Which of the following statements is true? a Purchasing power is the ability to buy goods and services. b While goods are tangible (say, apples and laptops), services are intangible (say, haircuts and lawn mowing). c Income is the amount of money one makes a year. d All of the above. e Only a) and b) Question 11 (1 point) Which of the following statements is true? a Price is the amount of money that must...
The Food, Drug and Cosmetic Act a. Is about the regulation of physical “things” most of...
The Food, Drug and Cosmetic Act a. Is about the regulation of physical “things” most of which are put into, or onto, or used with the bodies of humans and animals. b. Has not fundamentally changed since 1938 c. Has always allowed FDA to grant exclusivity for newly approved drugs d. Has sole authority over product advertising e. None of the above
Which type of drug depresses the Vomiting Reflex Center? A. an antitussive B. an antiemetic C....
Which type of drug depresses the Vomiting Reflex Center? A. an antitussive B. an antiemetic C. an anticonvulsant D. an an antibioticantidepressant E. an antipyretic
1. Revenue is considered to be earned when?: a company exchanges goods or services for cash...
1. Revenue is considered to be earned when?: a company exchanges goods or services for cash or claims to cash. when it is realized or realizable. a company has substantially completed what it must do in order to be entitled to the benefits represented by the revenues. assets received by the company in exchange for goods or services are readily convertible to known amounts of cash or claims to cash. 2. At which point in the revenue recognition process can...
Which of the following is NOT true about franchise​ agreements? A. Franchisors may not license or...
Which of the following is NOT true about franchise​ agreements? A. Franchisors may not license or disclose their trade secrets to franchisees. B. Franchisors are often owners of trade​ secrets, including product​ formulas, business plans and​ models, and other ideas. C. Most franchisors license the use of their trade​ names, trademarks, and service marks to their franchisees. D. A​ franchisor's ability to maintain the​ public's perception of the quality of the goods and services associated with its trade​ name, trademarks,...