What are the four main types of consumer products

Assignment Help Operation Management
Reference no: EM131421641

What are the four main types of consumer products? The four main types of consumer products are the convenience products, shopping products, specialty products, and unsought products. Convenience products are the ones that a customer buys on a regular or day to day basis. Shopping product is the items that a customer compare to other product before buying such as price or style. Specialty products are the kind of items that take a good effort to look for in order for the consumer to buy. Unsought products are the type of product that a consumer is unfamiliar with or knows little about the product and they are usually the ones they do not want to buy. Can you elaborate and explain how these operate within a business?

Reference no: EM131421641

Questions Cloud

What should the company do in given context : The magazine contacted a simple random sample of 500 current subscribers, and 137 of those surveyed expressed interest. What should the company do?
Conduct a swot analysis of the environmental force : With your selected health care organization in mind, conduct a SWOT analysis of the environmental force/trend you selected
Test an appropriate hypothesis and state your conclusion : Test an appropriate hypothesis and state your conclusion. Be sure the appropriate assumptions and conditions are satisfied before you proceed.
Analyze the short term liquidity of the firm : Analyze the short term liquidity of the firm. Analyze the operating efficiency of the firm. Analyze the capital structure of the firm. Analyze the profitability of the firm.
What are the four main types of consumer products : What are the four main types of consumer products? The four main types of consumer products are the convenience products, shopping products, specialty products, and unsought products. Unsought products are the type of product that a consumer is unfam..
Critically evaluate the existing value proposition : Identify the customer perceived value for the customers for a company of your choice and Critically evaluate the existing value proposition for the one (the product/division/company) you have chosen. Compare and contrast the value proposition with ..
Discuss which man offered a better strategy for nation : After examining the views presented by W.E.B. Du Bois and Booker T. Washington, discuss which man offered a better strategy to put our nation on a quicker path to political and economic equality for African Americans in the late i800s and early ig..
What is the difference between product line and product mix : What is the difference between a product line and a product mix? The difference between a product line and a product mix is that a product line is a group of products or services that have been classified together, can be used together, the same cust..
Identify the best project by the criteria of long term value : Compare the results of the three methods by quality of information for decision making. Using what you have learned about the three methods, identify the best project by the criteria of long term increase in value.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd