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SEM 1.04 Vocab

AB
brandall the combined impressions & experiences associated with a particular company, good or service
consistencya product's ability to deliver the same level of quality & satisfaction time & time again
goodstangible objects that can be manufactured or produced for resale
intangiblenot capable of being detected through the senses
licensed merchandisegoods bearing the name or logo os a sport/event product produced & distributed by an authorized manufacturer
owned-goods servicea product that involves repairing or changing a good that the consumer has already purchased
perishabilitya product's ability to withstand being stored
qualitythe degree of excellence of a good or service - how good it is
rented-goods servicea product that involves giving consumers limited use of a good for a certain period of time
separabilitya product's ability to be considered apart from its provider
servicesintangible activities that are performed by other people for money; productive acts that satisfy economic wants
smoothingoffering consumers a discount for purchasing products that otherwise would go to waste
tangiblecapable of being touched, smelled, tasted, seen or heard
venuesbuildings or places where sports & events occur


Ms. Daniel

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