Products — Goods and Services (HSC SSCE Business Studies): Quizzes

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Products — Goods and Services
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What are services?

Experiences or actions, not for ownership

What does the total product concept recognise?

Products consist of tangible & intangible

Why do luxury car buyers purchase Mercedes-Benz according to the example?

For feelings of prestige and status

What were the five most valuable brands in Forbes' 2019 rankings?

Apple, Google, Microsoft, Amazon, Facebook

What is a key benefit of branding for businesses?

Enables charging higher prices than rivals

Which logo type is Apple's apple symbol?

Brandmark logo without any text

What are private or house brands?

Brands owned by retailers or wholesalers

What does green packaging on household cleaners communicate?

Environmentally-friendly products

When did Coca-Cola gain trademark protection for its contour bottle in the US?

1977 from the Patent Office

What must all packaged food in Australia display on labels?

Name, batch number, supplier, ingredients

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