Discuss several ways in which physical goods are different from pure services. Give an example of a good and then an example of a service that illustrates each of the differences.
Answer to relevant QuestionsExplain why a new law office might want to lease furniture rather than buy it. What products are being offered by a shop that specializes in bicycles? By a travel agent? By a supermarket? By a new car dealer? Explain how industry sales and industry profits behave over the product life cycle. What characteristics of a new product will help it to move through the early stages of the product life cycle more quickly? Briefly discuss each characteristic—illustrating with a product of your choice. Indicate how each ...Explain the present legal status of exclusive distribution. Describe a situation where exclusive distribution is almost sure to be legal. Describe the nature and size of competitors and the industry, as well as the nature of ...
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