Marketing 7 Flashcards
non durable good
Consumed once
Durable good
Lasts for a time
Service
Intangible activity
Service Continuum
Tangible-Intangible
Service-Goods
Serivice elements
(The Four i’s)
Intangibility
Inconsistency
Inseparability
Inventory
Intangibility
Cannot be held
inconsistency
Services vary with people
Inseparability
Worker cannot be separated from the service
Inventory
Services are complex compared to goods inv.
3 layers of a product
Core
Actual
Augmented
Product Line
Similar products satisfying a Similar Need
Consumer Product
For personal use
Convenience Products
Inexpensive products
Minimal shopping effort
Shopping Products
Compares products with eachother
Greater amount of shopping time
Specialty Products
Lots of time and effort to purchase
More expensive