Characteristic of services Intangibility Unlike products services cannot be counted‚ measured‚ or felt. It is difficult to explain to the customer what a specific feature in the service will give to the customer. As services are intangible‚ the perceptions of customers regarding the service may differ at any given amount in time. Each customer will have a different perception and experience about the same service. But in a hotel the quality of service is not only dependent on the courteousness
Premium Perception Management Customer service
Characteristics of Supply and Demand The law of supply describes the practical interaction between the price of a commodity and the quantity offered by products for sale. The law of supply is a hypothesis‚ which claims that at higher prices the willingness of sellers to make a product available for sale is more while other things being equal. When the product is high‚ more producers are interested in producing the products. On the contrary‚ if the price of a product is low‚ producers are less interested
Premium Supply and demand
Monica Perez Period 3 MT2 Make Up Law of supply and demand: Sony‚ Nintendo‚ and Microsoft Many big industries now focus on the production of the best product/services for the people and other companies. Industries such as Sony‚ Microsoft‚ and Nintendo have developed new consoles ranging from prices of $499.99 to $199.99. But how does the law of supply and demand affect their pricing? Also are these products elastic and how many substitutes are available? The Sony‚ Microsoft‚ and Nintendo industries
Premium Supply and demand Video game console
MARKETING includes identifying unmet needs; producing products and services to meet those needs: and pricing‚ distributing‚ and promoting those products and services to produce a profit. Marketing is an integrated communications-based process through which individuals and communities discover that existing and newly-identified needs and wants may be satisfied by the products and services of others. Marketing is defined by the American Marketing Association as the activity‚ set of institutions‚
Premium
Demand and Supply Analysis 1. Demand indicates how much of a good consumers are willing and able to buy at each possible price during a given time period‚ other things constant. 2. The process to satisfy human wants/ needs/desires. * Want: having a strong desire for something * Need: lack of means of subsistence * Desire: an aspiration to acquire something 3. Demand: effective desire 4. Demand is that desire which backed by willingness and ability to buy a particular commodity
Premium Supply and demand Consumer theory
What is Good Teaching? What is Teaching? As teachers we may find this bald question strangely difficult to answer. It’s just what we do‚ in lectures‚ classes‚ seminars‚ workshops‚ tutorials‚ others. We study literary text and movements‚ theoretical and critical works‚ performances and so forth. We analyze and discuss them with our students. We try to help our students become better at expressing their thoughts‚ ideas‚ and feelings verbally‚ creatively. What is Good Teaching? Aims/Objectives:
Premium Learning Education Psychology
Introduction What is organic food? • (1) Organic food is food which has been produced to standards designed to keep the production more ’natural’. Fewer‚ if any‚ chemicals are used and most pesticides are banned - when they are used they are very carefully controlled. • (2)Organic food costs more then non-Organic food. This is not always the case but on average organic farmers generally charge more for their produce because: o Many organic farming practices take a bit longer and produce lower
Premium Pesticide Organic food Organic farming
CHAPTER THREE DEMAND‚ SUPPLY AND EQUILIBRIUM DEMAND Definition of demand Demand refers to the quantity of a commodity1 that consumers are willing and able to purchase at any given price over some given period of time. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Three important aspects that must be mentioned in the definition of demand are 1. Quantity
Premium Supply and demand
problems like heart attack‚ blood pressure‚ Cholesterol problem. Fat people can work less and with less efficiency. Balance diet which contains fruits‚ green vegetable ‚juices fibre are healthier choices for your regular die .proper diet plan is always helpful for better health like less oily and sugary food . Sticking to healthy diet keep you in great shape and in a healthy life style. Exercise is helpful to maintain our healthy lifestyle. Few minutes of exercise can
Premium Nutrition Obesity
Determining the factors that influence an industry is a basic step to analyse the study which helps to develop competitive advantage in the market. Through potters generic strategies it can be analysed how British petroleum differentiate in the market as compared to its competitors which makes an appeal to their valuable customers on the basis of their quality‚ innovation and responsibilities achieved.Analysis of the Competitive Environment of British Petroleum This paper is basically about the
Premium Strategic management Petroleum Natural gas