
Goods vs Services Flashcard

Flashcard
•
Business
•
9th - 12th Grade
•
Hard
Wayground Content
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10 questions
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1.
FLASHCARD QUESTION
Front
What is the primary difference between goods and services?
Back
Goods can be owned, while services cannot.
2.
FLASHCARD QUESTION
Front
Which of the following is an example of a good? Haircut, Gym membership, Smartphone, Consulting session
Back
Smartphone
3.
FLASHCARD QUESTION
Front
Which characteristic applies to services but not to goods? Options: Can be stored for future use, Requires customer presence during production, Easy to evaluate quality, Produced before consumption
Back
Requires customer presence during production
4.
FLASHCARD QUESTION
Front
What is a common challenge in marketing services?
Back
Standardizing quality across providers
5.
FLASHCARD QUESTION
Front
Which marketing focus is most important for services?
Back
Establishing trust and relationships
6.
FLASHCARD QUESTION
Front
What does intangibility mean in the context of services?
Back
Services cannot be touched or physically owned.
7.
FLASHCARD QUESTION
Front
Which of the following is an example of overcoming the challenge of perishability in services? Options: Offering discounts for off-peak times, Selling additional features, Using automated production lines, Improving the durability of a product
Back
Offering discounts for off-peak times
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