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Chapter 12 Vocab Quiz

Authored by Meredith Schwartzlose

Business

12th Grade

Used 8+ times

Chapter 12 Vocab Quiz
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Everything one receives in an exchange, including all tangible and intangible attributes and expected benefits; it may be a good, a service, or an idea.

Product

Consumer Product

Convenience Product

Shopping Product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product purchased to satisfy personal and family needs.

Product

consumer product

convenience product

shopping product

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product bought for resale, for making other products, or for use in a firm's operations.

product convience

unsought product

business product

shopping product

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A relatively inexpensive, frequently purchased item for which buyers want to exert only minimal effort.

Convenience Product

product

shopping product

unsought product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An item for which buyers are willing to expend considerable effort on planning and making the purchase.

product

unsought product

speciality product

shopping product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A basic material that becomes part of a physcial product; usually comes from mines, forests, oceans, or recycled solid wastes.

major equipment

business service

raw material

accessory equipment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An item that facilitates production and operations but does not become part of a finished product.

business service

product

raw material

supply

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