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Vocabulary 1.04

TermDefinition
Brand All the combined impressions and experiences associated with a particular company,good or service.
Licensed merchandise Goods bearing the name or logo of a sport/event product produced and distributed by an authorized manufacturer.
Owned-goods service A product that involves repairing or changing a good that the consumer has already purchased.
Perishability A product's ability to withstand being stored
Quality The degree of excellence of a good or service-how good it is
Rented-goods service A product that involves giving consumers limited use of a good for a certain period of time
Separability A product's ability to be considered apart from its provider
Smoothing Offering consumers a discount for purchasing products that otherwise would go to waste
Venues Building or places where sports and events occur.
Created by: miguelflako
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