Marketing 7 Flashcards

1
Q

non durable good

A

Consumed once

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2
Q

Durable good

A

Lasts for a time

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3
Q

Service

A

Intangible activity

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4
Q

Service Continuum

A

Tangible-Intangible
Service-Goods

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5
Q

Serivice elements

A

(The Four i’s)
Intangibility
Inconsistency
Inseparability
Inventory

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6
Q

Intangibility

A

Cannot be held

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7
Q

inconsistency

A

Services vary with people

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8
Q

Inseparability

A

Worker cannot be separated from the service

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9
Q

Inventory

A

Services are complex compared to goods inv.

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10
Q

3 layers of a product

A

Core
Actual
Augmented

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11
Q

Product Line

A

Similar products satisfying a Similar Need

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12
Q

Consumer Product

A

For personal use

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13
Q

Convenience Products

A

Inexpensive products
Minimal shopping effort

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14
Q

Shopping Products

A

Compares products with eachother
Greater amount of shopping time

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15
Q

Specialty Products

A

Lots of time and effort to purchase
More expensive

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16
Q

Unsought

A

Consumer does not know about the product or interest

17
Q

Business Products

A

Products for a business

18
Q

individual brand

A

Uses a brand name solely for a specific product category

19
Q

family brand

A

Covers a number of different categories
Company name is also brand name

20
Q

Brand extension

A

extended the use of brand name to market other products

21
Q

Sub-brand

A

Family and brand name
Like car’s.

22
Q

5 Brand naming steps

A
  1. Suggest the product benifits
  2. Memorable/Distinctive
  3. Fit company image
  4. Ability to be legally protected
  5. Be simple
23
Q

Manufacturers Brand

A

Owned and produced by manufacturer

24
Q

Private-Label Brand

A

Owned by retailer that contracts manufacturing to major suppliers

25
Q

Generic Brand

A

No branding at all