According to the text, a product is
A.everything the customer receives in an exchange. B.the physical object the customer receives in an exchange. C.the service that is …
An example of a convenience consumer product is stereo equipment.
A.petrol. B.a motorcycle. C.a bicycle. D.athletic shoes.
Which one of the following is NOT an industrial product?
oil to be refined into fuel for homes transistors used as components for portable radios paper, pens, and glue used …
Products that are relatively inexpensive and are purchased frequently with minimal effort can be classified as ___________ products
A.shopping B.convenience C.industrial D.specialty E.unsought
Large tools and machines used in a production process for a considerable length of time are classified as
A.major equipment. B.accessory equipment. C.component parts. D.raw materials. E.consumable supplies.
Items that are purchased routinely, do not become part of the final physical product, and are treated like expense items rather than capital goods are called
A.raw materials. B.major equipment. C.accessory equipment. D.component parts. E.process materials
Items that are purchased routinely, do not become part of the final physical product, and are treated like expense items rather than capital goods are called
A.raw materials. B.major equipment. C.accessory equipment. D.component parts. E.process materials
Products that are used directly in the production of a final product but are not easily identifiable are categorised as
A.accessory products. B.component parts. C.consumable supplies. D.assembly components. E.process materials
Industrial products are
A.purchased for personal consumption. B.frequently purchased for both their functional aspects and their psychological rewards. C.traditionally classified according to their …