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Product
Product is anything that can be offered to a market that might satisfy a want or need. There are two concepts of product narrow concept and wide concept. In its narrow concept, a product is a bundle of physical or chemical properties which has come utility. A product is not a non living object; it is not a mere assemblage of matter physical and chemical. Utility alone is not the function of the product. A product means an object which satisfies the need of the customer. Thus fan table pen cooler, chair etc, are products. In its wider concept all the brands all the colours all the packaging or all this designs of a product is taken to be different products.
For Example:
If a tooth paste is produced in three different sizes, these are three products because they satisfy needs of different customers. Thus if there is a change in the size or colour or brand or packaging it produces a new product. The product is thus total package of benefits received by a customer.
Q. 4. A two year sales history by quarter for a seasonal product is given below. Sales Quarter First Year Second Year 1 30 42 2 48 58 3 60 74 4 35 44 a) Using
Conscientiousness is a big five dimension that involve the traits of being-----------------1.unworried; secure and relax/2.imaginative and broad minded/3.responsiable; dependable a
Corporate social responsibility programs that increase brand awareness to improve brand equity, in order to improve long-term sales potential, are directly affecting the ______ out
Suppose a new hospital is to be built to provide medical and healthcare service to 5 towns coordinate (5,6), (1,3), (13,7),(11,2) and (8,1) on map, the transportation network is re
Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per
Jan sold her house on December 31 and took a $50,000 mortgage as part of the payment. The 10-year mortgage has a 11% nominal interest rate, but it calls for semiannual payments beg
Imagine that you just made manufacturing changes to your product so it is now easily recyclable. How would you publicize these changes?
Why was the proposed change controversial?
What is the method of monitoring and reviewing in risk management?
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