Definitions of Basic Market Terms

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Definitions of basic market terms

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Sacha Haigh

Nueva Zelanda

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Froggy Jumps Definitions of Basic Market TermsVersión en línea Definitions of basic market terms por Sacha Haigh 1 Product: What is the definition given? a a tangible item that satisfies customer needs b an intangible act that a business person carries out in exchange for money c things that are essential for us humans to survive eg. food and water 2 Service: What is the definition given? a an intangible act that a business person carries out in exchange for money b a tangible item that satisfies customer needs c things that are essential for us humans to survive eg. food and water 3 Needs: What is the definition given? a goods we (as customers) want but don't need eg. a new phone b an intangible act that a business person carries out in exchange for money c things that are essential for us humans to survive eg. food and water 4 Wants: What is the definition given? a goods we (as customers) want but don't need eg. a new phone b a tangible item that satisfies customer needs c things that are essential for us humans to survive eg. food and water 5 Obsolete: What is the definition given? a goods we (as customers) want but don't need eg. a new phone b a tangible item that satisfies customer needs c a product or service that is no longer used or is out of date eg. cassette tapes

Froggy Jumps

Definitions of Basic Market TermsVersión en línea

Definitions of basic market terms

por Sacha Haigh

Product: What is the definition given?

a tangible item that satisfies customer needs

an intangible act that a business person carries out in exchange for money

things that are essential for us humans to survive eg. food and water

Service: What is the definition given?

an intangible act that a business person carries out in exchange for money

a tangible item that satisfies customer needs

things that are essential for us humans to survive eg. food and water

Needs: What is the definition given?

goods we (as customers) want but don't need eg. a new phone

an intangible act that a business person carries out in exchange for money

things that are essential for us humans to survive eg. food and water

Wants: What is the definition given?

goods we (as customers) want but don't need eg. a new phone

a tangible item that satisfies customer needs

things that are essential for us humans to survive eg. food and water

Obsolete: What is the definition given?

goods we (as customers) want but don't need eg. a new phone

a tangible item that satisfies customer needs

a product or service that is no longer used or is out of date eg. cassette tapes

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Definitions of Basic Market Terms

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Definitions of Basic Market TermsVersión en línea

por Sacha Haigh

Product: What is the definition given?

Service: What is the definition given?

Needs: What is the definition given?

Wants: What is the definition given?

Obsolete: What is the definition given?

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