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Exam (elaborations)

MBA 706 Chen Chapter 6-8 test 3 Questions and Answers

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MBA 706 Chen Chapter 6-8 test 3

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MBA 706 Chen Chapter 6-8 test 3

Product - answer goods and services

CRM - answer customer relationship management

Intangibility index - answer Ratio to capital spending

search qualities - answer Tangible attributes that can be judged before the purchase of
a product

experience attributes - answer can be discerned only after purchase or during
consumption or use

credence qualities - answer characteristics that may be impossible to evaluate even
after purchase and consumption

services are simultaneously - answer produced and consumed

heterogeneity - answer variability-often caused by people aspect of services

bad variability - answer measurement error, unreliability

good variability - answerenhance customer satisfaction

RIsk - answerMeasure of variability

Reliability - answerimplies consistency

fanciful trademarks - answerInvolve invented words

Ex: Xerox, Kleenex, Google, Qdoba

Arbitrary trademarks - answerinvolve common words not ordinarily associated with the
product: Amazon

Suggestive Trademarks - answerSuggest something about a product's nature, quality,
or characteristics, without describing the product directly. : Pizza Hut

TM - answertrademark

R - answerRegistered Trademark

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