what are the four major differences between goods and services?
Q: What are the effects of doing business via online in consumer selection of products/services?
A: Above question is answered below:
Q: Explain how firms obtain new products and why it is an important process for companies and…
A: Obtaining new product refers to New Product Development which is introducing a new product into the…
Q: what is the process for creating new products
A: Obtaining new product refers to New Product Development which is creating and introducing a new…
Q: What are internal and interactive marketing? Give an example of how a specific firm or organization…
A: Internal marketing: Internal marketing refers to the marketing that takes place within the…
Q: You are required to creatively develop a new product/service from the chosen company and analyze the…
A: New Product Development - A new product is the culmination of a set of steps that begins with the…
Q: List the key characteristic distinguishing business products from consumer products?
A: Some different organizations and industries are active these days. Some different products and…
Q: In marketing of services, managers must be conversant with the characteristicsof services that…
A: These days, businesses are going global. There are a number of sole proprietors, partners, and…
Q: Information can come in many different forms, list five forms
A: There are various types of information that are being used days in various business and marketing…
Q: Services create special needs for the marketing mix. For each element of the marketing mix explain…
A: Concept Introduction : Services are considered to be an intangible asset, it can also referred as…
Q: Explain the challenge of value creation with services as compared to goods
A: A service can be defined as any intangible product or goods that has the capacity of fulfilling the…
Q: What builds the image of the products in the minds of consumers? A. Product its self B. Price C.…
A: Ans. The image of the products in the minds of consumers is called brand image. Brand image can be…
Q: How will consumers learn about the product/service?
A: Most of consumers come to know about the product either through media or through referrals. Media in…
Q: List the six characteristics distinguishingservices from goods
A: Marketing is said as promotional activity where business depends on advertising and publicity of…
Q: Illustrate the key characteristic distinguishing business products from consumer products?
A: Product refers to the bundle of features and utility which can satisfy the customer's needs.…
Q: Compare the marketing mix (7P’s) of services from physical goods.
A: The marketing mix is used by the firm to promote it's product and services in the market. It aims to…
Q: What aspects of a product or service design make it attractive
A: There are several aspects of a product or service design, which make it attractive. Some of these…
Q: Describe the goods–services continuum.
A: Marketers can see the relative goods/services composition of total products using the goods and…
Q: Explain how Services differ from Goods?
A: As crucial components of an economy, goods and services are frequently mentioned in key economic…
Q: How do the consumers dispose off the purchased goods or services?
A: These days, a variety of businesses and organizations are functioning. The organizations provide a…
Q: Explain the term Approach?
A: Approach means a way of looking at any incident or happening. Approach is very important in any…
Q: What product or service is being advertised?
A: А рrоduсt is mаde аvаilаble tо the сustоmers in the mаrket in оrder tо sаtisfy а…
Q: Service create special needs for the marketing mix. For each element of the marketing mix explain…
A: Introduction “Service is defined as an intangible product, valuable action, deed or effort to meet…
Q: What is the importance of legitimacy and efficiency of a product in a business?
A: The term legitimacy can be defined as a rule or something that confirms a set of standards. It can…
Q: Determine the value proposition
A: A value proposition is a statement that contains answers to the question 'why' someone should do…
Q: Discuss the differences between services and goods
A: Services can be described as an activity which is performed by a person or a party over another…
Q: For the each of the following describe the tangible augmented and generic product a) Nestle butter…
A: The renowned Economist Philip Kotler created the Five Product Levels model in the 1960s. It offers a…
Q: You are trying to decide whether to have a traditional “brick-and-mortar” store or to sell only…
A: Both brick and mortar and e-commerce businesses are often pushed into the same retail category.…
Q: What is m-commerce?
A: Goods and services are produced as per the requirements of the consumers in order to gain profit and…
Q: Why It is important to understand how consumers learn about products and services
A: It is an important thing for the marketers as well as the company to know about the consumer from…
Q: recommend 3 winning value proposition for a portable espresso machine
A: A value proposition is the promise made by a corporation to provide value to customers if they…
Q: How many types of utility are there ?
A: Utility refers to the want satisfying power of a commodity.
Q: Chapter 7 discusses categories of innovations. What type of innovation is self-service checkout…
A: Innovation is the down to earth utilization of thoughts that outcome in various new kinds of new…
Q: Define Business products?
A: business product unit the product and services that people would like to buy to furnish their homes…
Q: Explain TOWS matrix analysis of veil business.
A: Ans. TOWS matrix analysis is a modified version of SWOT analysis. SWOT evaluation is a skillful…
Q: Name and briefly describe the important decisions in developing and marketing individual products…
A: The decisions related to product attributes, branding, and marketing are referred to as individual…
Q: Descnbe the seven types of business goods and services
A: Business products are goods and services that businesses purchase to complete the production of…
Q: Describe any 4 attributes of services products and discuss the implications to marketers.
A: A service is any benefit provided by one party to another that is essentially tangible and does not…
Q: Determine the value proposition.
A: Company is a legal entity which will create value for customers and shareholders. Shareholders we…
Q: Describe the broad facts about What, How, and For whom goods and services get.
A: In order to satisfy the requirements of its people, every society must answer three basic economic…
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- Goods and services in three categories can best be described in terms of five factors. What are they?Choose one of the following products and explain how it blursthe distinction between goods and services.a. knee replacement surgeryb. dinner at a popular restaurantc. purchase and installation of new roofd. live concerte. custom-made suit⦁ Analyze the differences between goods and services and provide an example of each. please add referencing