Module - 1 Meaning: According to Philip kotler Service:-“any act or performance that one party offers to another that is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to the physical product.” According to leonard l.berry “Goods can be defined as objects‚ devices or things‚ whereas services can be defined as deeds‚ efforts or performances.” Characteristics of services: Intangibility: • Cannot be seen like the physical products
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1 Introduction Promoting industries and creating jobs‚ if successful‚ would boost economic development and thereby support state building. While politicians and bureaucrats are aware of how important industrial development is‚ they are unaware of how to facilitate it. In the international development cooperation community in developed countries and international organizations‚ the commonly accepted view until recently was that industrial policy would not work because market failures prevent industrial
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EXECUTIVE SUMMARY Seven-Eleven had realized unique growth in the business sector as there was utilization of supply chain strategy of Seven-Eleven and certain performance drivers upon the balance nature business responsiveness and the awareness of certain risks involved. For Seven-Eleven to be successful‚ ECR approach will be realized that are effective for store assortments; chain replenishments and efficient promotion as well as product introduction. Seven-Eleven have found better
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Ansoff Growth Matrix is very important strategy in business industry. Any company can measure how achieve their market in this strategy. It consists of four kinds of strategies depending on products and markets. There are a) Market penetration: existing products and existing markets b) Product development: new products and existing markets c) Market development: new markets and existing products d) Diversification: new markets and new products. Today‚ McDonald is really competitive
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Critical Thinking Coursework Assessment Can the PESTLE model assist a technology industry to expand into a new market effectively? Introduction The purpose of this essay is to discuss how PESTLE assists a technology industry to expand into a new market effectively. The main argument of this essay would be PESTLE model will be able to assists a technology industry to expand into a new market effectively because of this model will analyse external environment in six fields and detect
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Biomedical model and biopsychological model are ways to identify an illness or disease. Biomedic is an approach when the mind and body are seen as separate entities mainly focusing on how to repair the body whereas biopsychological model sees the mind and body as interdependent entities meaning that they influence one another. They both focus on the body but when it comes to biopsychological model one factor is not enough to come to a conclusion. All of the three component which are biological‚
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Per Stephen Morse addictions can be broken down into two models. The medical model and the moral model‚ or moral failure. In general‚ the medical model of addiction puts forth that the cause of addiction has a biological‚ neurological‚ genetic or environmental cause‚ and that the resulting behaviors are a symptom of the disease‚ while the moral model ascribes that those behaviors are due to a moral failure. “Although no uncontroversial definition of addiction exists and “addiction” and “addict”
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Personal Growth Paper Pt. 2 At the beginning of the semester I would have never thought that I would learn as much has I have about the different diversity groups we have in this country. There are many things we talked about this semester that I have never even heard of before. Coming to the end of this semester I can say that I have learned so much and have a completely new understanding of prejudice on the different diversity groups we have in the US. When we first started the semester we
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flexible flight scheduling‚ is still able to meet customer requirements and be profitable. But‚ is this model sustainable in the future is the question. With other fractional ownership companies ramping up their businesses‚ such competitive threats coupled with the employee scheduling problems can create difficulties for Netjets going forward. Netjets does not operate on a standard airline model of having centralized crew members with fleet operating on high-demand areas as hubs. The company makes
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Personal Growth "To have that sense of one ’s intrinsic worth which constitutes self-respect is potentially to have everything." This quote by Joan Didion explains Abraham Maslow ’s Hierarchy of Human Needs. The needs are laid out in five layers. The bottom layer is the physiological needs‚ then safety needs‚ the need for belonging‚ the need for esteem‚ and lastly as Joan Didion explains‚ self-actualization. Each level must be achieved before it can reach the next level. Maslow created this pyramid
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