Goods tangible Study guides, Class notes & Summaries

CIPS L4M1 Scope and Influence of Procurement and Supply Questions and Answers Graded A+ What is Procurement? Procurement is a STRATEGIC function of a business obtains something Tangible as goods or Intangible as services. Include Purchasing Inventory, Logistics, Supply, Waste Management Quality, Cost, Added Value What is Purchasing? Is the ACT of physically ordering and buying something. What is Supply? Is the INFRASTRUCTURE which ensures that products and services get from supplie...

What are services? - PRECISE ANSWER intangible products The difference between goods and services? - PRECISE ANSWER The degree of tangibility What are the four reasons why service marketing is important? Know each elementand outcome. - PRECISE ANSWER 1. Differentiation: unique service offerings 2. Customer loyalty: satisfied customers are repeated customers 3. Revenue Generation: attracting new customers and encourage upselling 4. Reputation and trust: Customers have confidence in a...

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...

Product : 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: : -Core Product -Tangible Product -Augmented Product Core Product : The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tangible Product : The specific features that are part of the product. Can be tangible/intangible (ex. color, style, price)...

CSUF MKTG 351 Final Exam Questions and Answers 100% Pass Importance of services to the economy - 55% of all US GDP - 10 out of 11 service sectors increased their revenue last year - Largest gains from Internet and Broadcasting: Google Facebook, Pandora, Spotify, SiriusM --- Interpublic Group - One of the largest How services differs from groups - Intangible - Inseparable - Heterogeneous - Perishable Intangible --- Services cannot be touched, seen, tasted, heard, or felt in the ...

An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Answer- The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT - Answer- unknowingly inf...

CIPS L4M1 - Question & Answer Past Exam Questions Already Passed O1. Outline FIVE differences between purchasing goods and purchasing services. 1. Goods are tangible, services are intangible: 2. Services cannot be separated from their supplier: 3. Heterogeneity: goods are usually uniform in nature while services are unique at each delivery 4. Services 'perish' immediately on delivery whereas goods can be stored until required 5. Products are easier to specify, being tangible O2. Ex...

Solution Manual for Fundamentals Of Financial Accounting 6CE Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh. CHAPTER 1: Business Decisions and Financial Accounting CHAPTER 2: The Balance Sheet CHAPTER 3: The Income Statement CHAPTER 4: Adjustments, Financial Statements, and Financial Results CHAPTER 5: Fraud, Internal Control, and Cash CHAPTER 6: Merchandising Operations and the Multi-step Income Statement CHAPTER 7: Inventory and Cost of Goods Sold CHAPTER 8: Receivables, Bad De...

Solution Manual For Fundamentals of Financial Accounting 7th Edition Phillips. CHAPTER 1 Business Decisions and Financial Accounting CHAPTER 2 The Balance Sheet CHAPTER 3 The Income Statement CHAPTER 4 Adjustments, Financial Statements, and Financial Results CHAPTER 5 Fraud, Internal Control, and Cash CHAPTER 6 Merchandising Operations and the Multi-step Income Statement CHAPTER 7 Inventory and Cost of Goods Sold CHAPTER 8 Receivables, Bad Debt Expense, and Interest Revenue CHAPTER 9 Long-Lived ...

Accounting 2401 Final Exam Study Guide ACCOUNTING 2401 FINAL EXAM STUDY GUIDE   Accounting 2401 Final Exam Study Guide Multiple Choice (2.5 points each) 1. During 2014, Parker Enterprises generated revenues of $90,000. The company’s expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker’s gross profit is a. $24,000. b. $27,000. c. $45,000. d. $90,000. 2. During 2014, Parker Ente...