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8 Cards in this Set

  • Front
  • Back

product

everything that one receives in an exchge, including all tangible and intangible attributes and expected benefits

consumer product

a good or service that is intended primarily for personal or household use

business product

a good or service intended primarily for use in producing other goods or services

consumer products can be divided into three categories:

shopping, convenience, and specialty

functional middle man

a middleman that helps in the transfer of ownership of products but does not take the title to the products

merchant middleman

a middleman that actually takes title to products by buying them

general merchandise

a wholesales who deals in a wide variety of products

full-service

wholesales that perform the entire range of wholesales functions