Intro to Business, Final Exam Review - Chapter 11

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1.
services are this, meaning they cannot be taken away from the person or machine doing them
2.
product ______ can be value, moderate or premium
3.
products that are one of a kind or limited that customers are willing to pay a higher price for
4.
the process of determining which products to bring to the target market
5.
tasks that keep a business running
6.
the price assigned to an item by the person who makes it
7.
the stages a product goes through from introduction to decline
8.
price is dependent on these, which are determined by the customer wants/needs and the amount a producer will make
9.
all the parties and activities involved in turning raw materials into finished products
10.
used in indirect channels of distribution to assist in getting products to customers
11.
take natural resources from the land
12.
this industry provides specific types of labor based on training and skill
13.
the mode for transporting liquids and gasses over long distances