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7.00 - Product Decisions Necessary for a Small Business (Voc. 1 - 10)

Identify product decisions necessary for a small business.

AB
Selecting products/services that have a name, symbol, or design for identification.Branding:
The struggle between companies for the same customers or market.Competition:
Products used by consumers for family, personal, or household purposes.Consumer products:
Activities used by consumers for family, personal, or household purposes.Consumer services:
Inexpensive products that are purchased regularly and require little time and effort for purchase decisions.Convenience goods:
Goods purchased to satisfy an immediate need.Emergency goods:
Tangible, physical products that satisfy a want or need.Goods:
Items that are purchased without advance planning.Impulse goods:
Goods purchased by a business and used to produce other goods or for resale to consumers.Industrial goods:
Activities used by a business to insure proper operation, or contracted by a business to perform a task.Industrial services:


James B. Dudley High School
NC

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