Durable goods - Study guides, Class notes & Summaries

Three Issues at the Core of Operations Management correct answers 1. Efficiency: How well resources are used in creating output. 2. Quality: The quality of goods & services that create customer satisfaction. 3. Cost: The cost of operations Goods correct answers Good: Physical product that a person can see, touch, or consume 1. Durable good 2. Non-durable good Service correct answers Service: Any primary or complementary activity that does not directly produce a physical product. Servi...

______ is/are the market value of final goods and services produced within a country during a given period of time. correct answers GDP Suppose that the total production of an economy consists of 10 oranges and 5 candy bars, each orange sells for $0.20, and each candy bar sells for $1.00. What is the market value of production in this economy? correct answers $7.00 The value of unpaid childcare services provided by a stay-at-home dad ______ included in GDP; the value of daycare services pu...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

consumer goods - physical and tangible items that can only be used once. both durable and indurable durable goods - goods that last for a relatively long time, such as houses, cars, and appliances non-durable goods - goods that last a short period of time, such as clothing, foods, drinks and candy consumer services - emotional items/services that are non-tangible and sold to the public ex.) hotel accommodations, insurance and travel services. capital goods - physical goods that are used b...

There are several Proposals offer'd to Remedy the Difficulties the Nation is under from the great Scarcity of Money. That a right Judgment may be made, which will be most Safe, Advantageous and Practicable; It seems Necessary, 1. That the Nature of Money be inquired into, and why Silver was us'd as Money preferable to other Goods. 2. That Trade be considered, and how far Money affects Trade. 2. That the Measures have been us'd for preserving and Increasing Money, and these now propos'd be e...

BA 303 Exam #2 Practice Questions and Answers 100% Pass Product - Correct Answer ️️ -The set of features, functions, and benefits that customers purchase. May consist of a combination of tangible and intangible attributes. Marketers think in terms of planning product on three levels: - Correct Answer ️️ -- Core Product -Tangible Product -Augmented Product Core Product - Correct Answer ️️ -The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tan...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...

ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From , assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms The correct...

BA 303 Exam #2 Practice Questions and Answers 100% Pass Product - Correct Answer ️️ -The set of features, functions, and benefits that customers purchase. May consist of a combination of tangible and intangible attributes. Marketers think in terms of planning product on three levels: - Correct Answer ️️ -- Core Product -Tangible Product -Augmented Product Core Product - Correct Answer ️️ -The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tan...

MKT 3410 Exam 2 (Chapter 9, 10, 11, 12, 13, 14, 15, 17)Chapter 9: Two types of Tangible products. - correct answer Durable (car) Nondurable (chocolate) Chapter 9: Intangible - correct answer Services Chapter 9: Characteristics of Services (Four Terms- the four I's) - correct answer -intangibility (cant re-use) -inconsistency (different service every time) -inseparability (cant separate service with employees) -inventory (too much can lead to discounts) Chapter 9: Product Line ...