All the goods and services that a business sells is the _______.

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

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

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

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

A ____ is a maximum price set by the government for certain goods and services.

A(n) _____ includes the businesses, people, and activities involved in turning raw materials into products and delivering them to end users.

_____ sell products through both brick-and-mortar stores and online sites.

The process of separating a large quantity of goods into smaller quantities for resale is ______.

Deceptive pricing is the practice of advertising one product with the intent of persuading customers to buy a more expensive item when they arrive in the store.

The base price is the general price at which the company expects to sell a product.

The path that goods take through the supply chain is also known as the channel of distribution.

Features are facts about a product or service.

Pricing products in a way to intentionally mislead a customer are known as predatory pricing.

Bulk-breaking is the process of separating a large quantity of goods into smaller quantities for resale.

A warranty is a promise that a product has a certain quality or will perform in a certain way.

A freight forwarder is a company that organizes shipments.

The path of selling goods or services directly from the manufacturer to end users is considered an indirect channel.

The established price printed in a catalog, on a price tag, or in a price list is known as the list price.

Retailers that sell products through websites are known as brick and mortar companies.

Something that cannot be touched is intangible.

Loss leaders price items much lower than the current market price or the cost of acquiring the product.

The amount added to the cost to determine the selling price is the markup.

The path of selling goods or services that uses intermediaries to get the product from manufacturer to end users is an indirect channel.