PBMF Ch 11 Review

PBMF Ch 11 Review

Assessment

Flashcard

Business

8th Grade

Hard

Created by

Wayground Content

FREE Resource

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29 questions

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1.

FLASHCARD QUESTION

Front

The elements of products that may be changed to meet customer needs are features, usage, and ____.

Back

protection

2.

FLASHCARD QUESTION

Front

All the goods & services that a business sells is the _____?

Back

product mix

3.

FLASHCARD QUESTION

Front

_____ goods are consumer products that are bought often and with little effort.

Back

Convenience

4.

FLASHCARD QUESTION

Front

The _____ is an explanation of the value of a certain product over others that are similar.

Back

value proposition

5.

FLASHCARD QUESTION

Front

The amount added to the cost of an item to determine the selling price is _____.

Back

markup

6.

FLASHCARD QUESTION

Front

The practice of _____ sets price high to convey quality and status.

Back

prestige pricing

7.

FLASHCARD QUESTION

Front

A _____ is a maximum price set by the government for certain goods & services.

Back

price ceiling

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