- Study guides, Class notes & Summaries

The ________ consist(s) of all the benefits the product will provide for consumers or business customers. correct answerscore product Which of the following is the collection of features, functions, packaging, and uses of a tangible item? correct answersattributes The second layer of the product concept, the ________, is the physical good or the delivered service that supplies the desired benefit. correct answersactual product Which of the following is the foundation of a value proposit...

-

11 pages

Written in 2023/2024

Grade A+

QUILLSKY

Value correct answersThe relationship between the price of a good or a service and the benefits that it offers its customers. Business correct answersAny organization or activity that provides goods and services in an effort to earn a profit. Profit correct answersThe money that a business earns in sales (or revenue), minus expenses, such as the cost of goods, and the cost of salaries. Revenue−Expenses=Profit(or Loss) . Loss correct answersWhen a business incurs expenses that are grea...

-

3 pages

Written in 2023/2024

Grade A+

QUILLSKY

stakeholders correct answers someone with a share or interest in a business or enterprise employees correct answers interest is -stable employment at a fair rate of pay -a sage and comfortable working environment stockholders or shareholders correct answers interest is -growth in the value of company stock -dividend income customers correct answers interest is -"fair exchange"-a product or service of acceptable value and quality for the money spent -safe and reliable pro...

-

0 pages

Written in 2024/2025

Grade A+

HopeJewels

The balance sheet presents revenues and expenses correct answersFalse, the income statement does The balance sheet accumulates over time correct answersTrue The income statement accumulates over time correct answersFalse, its individual from year to year On the balance sheet Assets=Liabilities-Equity correct answersTrue Investing in shares of Amazon would increase an asset and increase an epense correct answersFalse, it would increase an asset and decrease asset called cash

-

4 pages

Written in 2023/2024

Grade A+

QUILLSKY

Characteristics of how some retailers focus on added convenience correct answersAutomated Vending (machines) Mail Order Vending (online ordering) Wheel of Retailing Theory correct answersSays that new types of retailers enter the market as low status, low margin, low price operators, and then if successful, evolve into more conventional retailers offering more services with higher operating costs and higher prices Scrambling Merchandising correct answersCarrying any product lines they thi...

-

8 pages

Written in 2023/2024

Grade A+

QUILLSKY