Match each item with the correct statement below.
-Finished business products of one producer that become part of the final products of another producer are called _____.
A)marketing mix
B)specialty products
C)product
D)services
E)convenience products
F)impulse goods
G)installations
H)wholesalers
I)business-to-business (B2B)
J)supplies
K)emergency goods
L)shopping products
M)component parts and materials
N)staples
O)product mix
P)product line
Q)line extension
R)total quality management
S)product lifecycle
T)benchmarking

Question

Quizplus · Accepted Answer

Component parts and materials are finished business products of one producer that become part of the final products of another producer.

Answer: I
 Business-to-business (B2B) refers to transactions between businesses, such as a company buying supplies from another company.

Answer: O
 Product mix refers to the assortment of all products that a company offers for sale.

Answer: P
 Product line refers to a group of related products that a company offers for sale.

Answer: Q
 Line extension refers to introducing additional products within an existing product line.

Answer: R
 Total quality management refers to a management approach focused on continuous improvement of product quality and customer satisfaction.

Answer: S
 Product lifecycle refers to the stages that a product goes through, from introduction to decline.

Answer: T
 Benchmarking refers to comparing a company's products or processes to those of its competitors or industry leaders to identify areas for improvement.

Match Each Item with the Correct Statement Below