Which of the following is not a characteristic of information goods/products? a. costs are sunk and cannot be recovered b. expensive to reproduce c. costly to produce d. no natural capacity limits for additional copies

Which of the following is not a characteristic of information goods/products? a. costs are sunk and cannot be recovered b. expensive to reproduce c. costly to produce d. no natural capacity limits for additional copies

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: Identify the class of entity represented by each of the lettered symbols in the REA model.

A: Resource-Event-Agent (REA) model is a conceptual approach of connotation of economic exchanges like…

Q: Which of the following activities is not part of the Deming cycle?a. Planb. Doc. Checkd. Improvee.…

A: Project management is the implementation of policies, strategies, expertise, knowledge, and…

Q: Which of the following is considered a barrier to entry in a monopoly? A. Control of a key resource…

A: A monopoly is a market structure characterized by a single seller with significant control over the…

Q: Manufacturing an item before it is needed is an example of what form of waste? A. inappropriate…

A: Operations management plays a crucial role in every business organization. This branch of management…

Q: _________ value is the cost to purchase a new asset. Asset Replacement Operational…

A: THE ANSWER IS AS BELOW:

Q: is assumed to exist when a selection instrument measures a representative sample of knowledge and…

A: Content validity

Q: __________ is the name given to the process of finding by test which of a batch of components or…

A: Ans. Failure mode and affects analysis is the process about reviewing as much components,…

Q: Which of the following document best ensures that the proper quantities are reflected on supplier…

A: Packaging slip is a document that include information like SKU numbers, weights, dimensions and…

Q: . “Product” means: A) a physical good with all its related services. B) the need-satisfying…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Losing a customer once means losing the entire stream of possible purchases that the customer would…

A: Retaining the existing customers and acquiring the new ones is one of the most important aspects of…

Q: If the cost of goods manufactured is higher than the cost of goods sold, which of the following is…

A: For cost of goods manufactured to be higher than cost of goods sold, the beginning inventory of…

Q: Quick Response is b. C. d. A method of conducting physical inventory A cooperative effort between…

A: Retail strategies are the overall plans formulated by the management of a retail business to attract…

Q: 111- Which of the following is the correct order of stages in the product life cycle?…

A: Product Life Cycle is basically the journey of the product from its birth till it exists in the…

Q: The purpose of inventory is a. to fill unused shelf space. b. to keep sales staff busy…

A: Inventories are the goods that are used for the business like raw materials, finished products,…

Q: A(n) _____ refers to a company that designs goods or services to meet specified needs. vendor…

A: Marketing intermediaries refers to a middleman in the supply chain that assists in the flow of goods…

Q: What are the requirements when checking in ClII-Vand PSE products? Date received must be documented…

A: Ans. The CIII-V and PSE products can be defined as medical products or medical ingredients.

Q: Select the best answer. a. Servicces are produced and consumed nearly simultaneously. b. It is…

A: Services are intangible which cannot be seen we can only feel the quality of a service when it is…

Q: 14

A: Experience curve states that when the production increases the per unit cost of producing it…

Q: Match the terms in the lefi coluhn with their appropriate definition in the right column.

A: 1.n 2.f 3.e 4.g 5.b 6.a 7.s 8.r

Q: One characteristic of a non-conforming use is that it: Group of answer choices is another form of a…

A: A non-conforming use, in the context of zoning regulations, refers to a situation where a property,…

Q: Which of the following is not considered to be a component in the Hierarchy of waste management? a.…

A: Waste management refers to a tool that helps in protecting the environment along with the resources…

Q: The incentive to innovate would be reduced because which of the following makes research and…

A: Marketing research is the process through which the marketer or the researcher first identifies the…

Q: Which of the following is an advantage of the high-low method? O Provides a very accurate…

A: The high-low method is a technique used in cost accounting to separate mixed costs into their fixed…

Q: _________ is unlikely to follow a bell-shape because ______________, but ________ will follow a…

A: for any queries message me happy learning

Q: _______ The process involves receiving and filling customers’ purchase orders.

A: Order processing is a critical component of order fulfillment that occurs after a customer places an…

Q: A company's product mix has four important dimensions are width, length, ...... depth, and versions…

A: Product mix: It illustrates the series of products sold by a sole manufacturer or company. It…

Question

Which of the following is not a characteristic of information goods/products?

a. costs are sunk and cannot be recovered

b. expensive to reproduce

c. costly to produce

d. no natural capacity limits for additional copies

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Explaining the options

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Indicate how services differ from goods. (Note that for this question, the words generally and often have been used in the choices below to acknowledge the fact that none of the statements is true under all circumstances). A. Services are generally intangible. B. Delivery and consumption of services often occur simultaneously. C. Service outputs often cannot be inventoried. D. All of the above.
Which of the following costs is not properly characterized as an external failure cost under a COQreporting system?a. Sales returns and allowancesb. Lost contribution due to increased demand on constrained resourcesc. Lost sales and customer ill-will due to defective productsd. Repair or replacement costs
____________ facilitates organizational enhancements through learning inquiries and through success or mistake learning processes. Project Closure Quality Control Contract Closure Project improvements
Please solve it down Thanks in advance
________ is a form of waste. Group of answer choices Genchi Kanban Mura Takt time
Which of the following is not a threat to the expenditure cycle receiving process? A. Accepting unordered items B. Purchasing items not needed C. Mistakes in counting D. Theft of inventory
_______ is the result of optimizing the manufacturing and logistics processes. Group of answer choices Cost reduction Productivity Quality Cycle and fulfillment time reduction
14. For which of the following variables will a log-form be least appropriate? OA. a. Sales in revenue B. b. Sales in units OC.c. Sales as percentage of industry sales D. d. Sale price in dollars.
Walmart buys lots of candy and chocolate products on Halloween due to high consumer demand. This is an example of ________ demand. A. derived B. fluctuating C. joint D. elastic
23. ____ is the degree to which a test measures the same thing consistently. a.Dependability b.Accountability c.Reliability d.Validity e.Significance
Characteristics of goods are that a. products are tangible. b. there are consistent definitions and specifications of the products. c. production is usually separate from consumption. d. products can be inventoried. e. they are all of the above.