Marketing Chapter 8 Vocabulary

Introduction to marketing chapter 8 vocabulary list

19 cards   |   Total Attempts: 188
  

Cards In This Set

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Unsought product
A product unknown to the potential buyer or a known product that the buyer does not actively seek
Intangibility
The inablitiy of services to be touched, seen tasted, heard or felt in the same manner that goods can be sensed
Search quality
A characteristic that can be easily assessed before purchase
Experience quality
A characteristic that can be assessed only after use
Credence quality
A characteristic that consumers may have difficulty assessing even after purchase because they do not have the neccessary knowledge or experience
Product item
A specific version of a product that can be designated as a distinct offering among an orginization's products
Product line
A group of closely related product items
Product mix
All products that an organization sells
Product mix width
The number of product lines an organization offers
Product line depth
The number of product items in a product line
Product modification
Changing one or more of a products charateristics
Product line extension
Adding additional products to an existing product line in order to compete more broadly in the industry
Brand
A name, term, symbol, design, or combinatino thereof that identifies a seller's products and differentiates them from competitors' products
Brand name
That part of a brand that can be spoken, including letters, words and numbers
Brand mark
The elements of a brand that cannot be spoken