What are durable goods - Study guides, Revision notes & Summaries

MGT 103 BATES MIDTERM questions and answers 100% correct marketing started production based; engineers the activity, set of institutions, and processes for creating, communicating, deliver- ing, and exchanging offerings that have value for customers, clients, partners, and society at large Eras of marketing 1. production 2. sales era 3. marketing concept era 4. customer relationship era need precedes a want; underlying necessity -basic physical and psychological needs ...

product correct answers is anything that can be offered to a market to satisfy a want or need, including physical goods, services, experiences, events, persons, places, properties, organizations, information, and ideas. 5 Product Levels of Customer Value Hierarchy correct answers core benefit basic product expected product augmented product potential product core benefit correct answers the service or benefit the customer is really buying basic product correct answers the simplest f...

Solution Manual for Money, Banking, Financial Markets & Institutions 2nd Edition for Brandl Michael 2024 / All Chapters ( 2-24 ) A+ CHAPTER 2: Money, Money Supply, and Interest 2-1 Section Review 1. What is the difference between money and currency? When are they the same? Why might they be different? ANS: Money is anything generally accepted in exchange for goods & services. Currency is issued by a bank or the government, but currency is not necessarily money. They are the same when they...

How do we classify goods? correct answersDurability, type of user What are the two types of durability and explain them correct answersNondurable- does not last for many uses Durable- lasts many uses and for a while What are the four types of consumer products? correct answers1- Convenience 2- Shopping 3- Specialty 4- Unsought Describe what an unsought product is correct answersA product that is not too popular in demand or are not known about (Example: Burial insurance) Des...

What are the costs and sources of inefficiency in a barter system? Ans: -There is difficulty in accumulating wealth. -Transactions costs are almost always high. -There is increased time and effort spent looking for trading partners. -There is a lack of standardization. What is specialization? Ans: A system in which individuals produce the goods or services for which they are relatively best at. How does specialization improve an economy's standard of living? Ans: Specialization incre...

BA 303 Exam #2 Practice Questions and Answers 100% Pass Product - Correct Answer ️️ -The set of features, functions, and benefits that customers purchase. May consist of a combination of tangible and intangible attributes. Marketers think in terms of planning product on three levels: - Correct Answer ️️ -- Core Product -Tangible Product -Augmented Product Core Product - Correct Answer ️️ -The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tan...

2024 SIE Exam - Complete Solutions (Answered) An investor purchased 100 units of the Connecticut Municipal Securities Trust. Which of the following statements concerning this investment in the UIT is accurate? A The shares must be liquidated in the open market and offer reinvestment provisions back into the trust B The shares are redeemable and offer reinvestment provisions back into the trust C The shares are redeemable but do not offer reinvestment provisions back into the trust D The shares...

What are some of the reasons that New England became the first major textile manufacturing site in the United States? - labor, capital, power, mechanical skills Textile converters buy griege goods from mills; have the fabrics dyed, printed, or finished; and then sell the finished fabrics. Textile converters focus on the following: - aesthetic finishing (glazing, crinkling), dyeing or printing fabrics, performance finishes (colorfast, stain resistant, water resistant, durable pressed) Which...

what are the three elements to a product offering? correct answers 1) value-based prices 2) product features and quality 3) services mix and quality what is the difference between goods and services, on average, regarding quality? correct answers Service: -is intangible, they cannot try it out and test it before purchase. -requires some degree of interaction with the customer for it to be a service. -vary from day to day and even hour by hour as a function of the attitudes of the custo...

product ~Ans~ is anything that can be offered to a market to satisfy a want or need, including physical goods, services, experiences, events, persons, places, properties, organizations, information, and ideas. 5 Product Levels of Customer Value Hierarchy ~Ans~ core benefit basic product expected product augmented product potential product core benefit ~Ans~ the service or benefit the customer is really buying basic product ~Ans~ the simplest form of a product expected product ~A...