7. Services and experiences are usually classified as _____ by default.
8. The number of times a product or service is consumed in a given time period is known as consumption
_____.
9. Jake has a passion for collecting old watches. He’s particularly interested in those from the 1920s
because they have a history behind them. He has learned that some of them are fake. Therefore, he
takes the watches to an appraiser to ensure that they are genuine before he agrees to purchase them.
Jake is concerned with the _____ of the watches.
10. The process through which cultural ideals or values are shifted into products and then to consumers is
known as _____.
11. Prior to the 1930s, diamond engagement rings did not enjoy much significance in the United States.
However, persistent promotions by diamond companies such as associating diamond as symbolic of
the “forever” element in marriage, diamond engagement rings have now become the norm, so much so
that now, it has become a cultural requirement. Which of the following accounts for the cultural
significance gained by diamond engagement rings?