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Marketing is All Around Us Chapter 1: Terms

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

____Include both goods and services

a)

Goods

b)

Products

c)

Exchange

d)

Form Utility

2.

_____ are the kinds of things you can touch or hold in your hand

a)

Marketing

b)

Utility

c)

Services

d)

Goods

3.

_____ takes place every time something is sold in the market place

a)

Exchange

b)

information Utility

c)

Time Utility

d)

Possession Utility

4.

Place Utility is how come you come into possession of items you want

a)

True

b)

False

5.

____ ____ having a product available at a certain time of year or a convenient time of day

a)

Possession Utility

b)

Goods

c)

Services

d)

Time Utility

6.

_____ the kinds of things you can touch

a)

Services

b)

Utility

7.

Added of values in economic terms is called...

a)

Information Utility

b)

Utility

8.

____ ____ involves changing raw materials or putting parts to make them more useful

a)

Information Utility

b)

Form Utility

c)

Services

d)

Place Utility

9.

Information Utility involves communication with the customer

a)

True

b)

False

10.

_____ _____ involves having a product where customers can buy it

a)

Time Utility

b)

Place Utility

c)

Products

d)

Exchange