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Every business competes for additional revenue and increased market share. With few exceptions, most of the products and services they offer are undifferentiated and are easily replaced with other substitutes from rival competitors. This commoditization puts businesses at a disadvantage and many resort to competing on price rather than quality or other distinguishing features/benefits. • Identify and discuss at least one specific market segment that a well-known brand targets. • Identify and discuss an example of consumer (B2C) or industrial (B2B) products/services that have become commoditized. •Other than becoming the lowest cost provider, how can a business differentiate their offerings?
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A production cell uses 240 pounds of plastic resin each eight-hour day. Resin is transported in drums that hold 100 pounds each. The material is obtained from a nearby supplier, and has a 12-hour cycle time. An efficiency factor of .15 has been assig..
Give examples of how forecasting is used in organizations to which you belong, or how forecasting might help your organization in the future.
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