Information
Making or producing the correct good or service to add value to consumers everyday life is what?
Marketing
True or False, Task preformed for a customer are goods?
false, the answer is services.
The determination of an exchange price at which the buyer and seller perceive optimum value for a good or service is a definition of which word?
1. promoting
2.purchasing
3.Financing
4. Pricing
5.Product planning
4. Pricing
The usefulness of a product is?
Utility
What is form utility?
making and producing things
Products are?
Goods and Services
True or False, promoting is bad for your business
False, it is how you connect with customers.
Communicates information about products, services, images or ideas to customers or clients to influence their purchase behavior is the definition of which word?
1. promoting
2.purchasing
3.Financing
4. Pricing
5.Product planning
1. Promoting
How many types of utility are there?
five
Making a product available at the right time of year or a convenient time of day is which type of utility?
Time utility
Material items you can touch are?
Goods
True or False, purchasing and pricing are the same thing?
False, they both have separate jobs for every business.
Obtaining goods and services for use in the operation of a business or for resale is the definition of which word?
1. promoting
2.purchasing
3.Financing
4. Pricing
5.Product planning
2. purchasing
what are the five types of utility?
Form, place, time, possession, and information
Place utility is what?
The product’s usefulness is increased because of its location
A series of task preformed for a customer is a?
Service
True or False, Having a budget helps determine how much you can spend on each part of the business?
True, you do not want to spend all of your money on one part of the process.
The process of creating a product in response to market opportunities is a definition of which word?
1. promoting
2.purchasing
3.Financing
4. Pricing
5.Product planning
5. Product Planning
A boat carrying cargo is what type of function?
distribution
Usefulness added to the product through communication is which type of utility?
Information Utility
Connecting business to their customers is?
promoting
True or False, pricing is a function of marketing?
True
Determining the need for and availability of financial resources to aid in marketing activities is a definition of which word?
1. promoting
2.purchasing
3.Financing
4. Pricing
5.Product planning
3. Financing
Why do we study marketing?
To understand business, learn interpersonal skills, and to learn communication skills.
The ability to aid customers in owning goods is which type of utility?
Possession Utility