BuyFind

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781285193946
BuyFind

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781285193946

Solutions

Chapter
Section
Chapter 12, Problem 1CC
Textbook Problem

Identify the general categories of products.

Expert Solution
Summary Introduction

To determine: The general categories of products.

Introduction: A product is a good or service that can be purchased or experienced. It can be substantial or in virtual or digital frame. Each product is made at a cost and each is sold at a cost.

Explanation of Solution

The general categories of products are as follows:

A product is all that one gets in a trade, including all tangible and intangible properties and expected advantages. If the product is a genuine, the cost may likewise incorporate such services as conveyance, establishment, guarantees, and preparing. If the product is a service, the buyer may acquire, as on account of managing a lawyer, the exhortation looked for as well as a money related reward because of that counsel.

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Chapter 12 Solutions

Foundations of Business - Standalone book (MindTap Course List)
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Ch. 12 - Describe the seven phases of new-product...Ch. 12 - Describe the major types of brands.Ch. 12 - How do brands help customers in product selection?...Ch. 12 - Define brand equity and describe the four major...Ch. 12 - What are the major functions of packaging?Ch. 12 - What factors must be considered when pricing...Ch. 12 - How does a change in price affect the demand and...Ch. 12 - Differentiate price competition and non-price...Ch. 12 - Why is it important to consider the buyers...Ch. 12 - Explain the various types of pricing objectives.Ch. 12 - Which ones usually will result in firm having...Ch. 12 - List and explain the three kinds of pricing...Ch. 12 - Give an advantage and a disadvantage for each...Ch. 12 - Identify the five categories of pricing...Ch. 12 - Describe two specific pricing strategies in each...Ch. 12 - Describe the three types of pricing associated...Ch. 12 - Differentiate between FOB origin and FOB...Ch. 12 - Explain the five types of discounts for business...Ch. 12 - What does the purchaser of a product obtain...Ch. 12 - What major factor determines whether a product is...Ch. 12 - What are the four stages of the product...Ch. 12 - Under what conditions does product modification...Ch. 12 - Why do products have to be deleted from a product...Ch. 12 - Why must firms introduce new products?Ch. 12 - What is the difference between manufacturer brands...Ch. 12 - What is the difference between a line extension...Ch. 12 - For what purposes is labeling used?Ch. 12 - Compare and contrast the characteristics of price...Ch. 12 - How might buyers perceptions of price influence...Ch. 12 - What are the five major categories of pricing...Ch. 12 - fy and describe the main types of discounts that...Ch. 12 - Some firms do not delete products until they...Ch. 12 - Under what conditions would a firm be most likely...Ch. 12 - Under what conditions would a business most likely...Ch. 12 - For what types of products are psychological...

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