BUS 343 Study Guide - Final Guide: Services Marketing, Internal Communications
SchoolSimon Fraser University
Course CodeBUS 343
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anything that can be offered to a market for attention, acquisition, use, or consumption that might
satisfy a want or need
The most basic level is the core customer value, which addresses the question “What is the buyer
At the second level, product marketers must turn the core benefit into an actual product—the
physical device with all its features and associated brand name and packaging.
the augmented product—the additional services and benefits that go with it. So, for example, if
the core product of a smartphone is constant connectivity, and the actual product is an iPhone,
then the augmented product is the iPhone plus a calling plan and data plan.
marketers first must identify the core customer value that consumers seek from the product.
They must then design the actual product and find ways to augment it to create this customer
value and the most satisfying customer experience.
Product and Service classifications
Consumer products include convenience products, shopping products, specialty products, and
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