PRODUCT Product can be defined as anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a want or need. Product can be classified into groups according to their durability or intangibility. As the products of Gardenia‚ it would be classified as non-durable goods. They are tangible goods that are normally consumed in one or a few uses. Gardenia is bread’s product. Such good include products that customers eat daily. This type of product are consumed
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Every product available in the market has a life cycle‚ and the length of it will depend on the amount of attention being received from customers. As a product is at its peak of sales‚ their cost recovery will improve as profits will start to cover the money put into to producing the product. Depending on a product’s market phase‚ the more attention it receives from the general public will help contribute to more earnings‚ leading to a greater difference between revenue and costs of goods sold. Therefore
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interesting career filled with nothing but fashion‚ adventure‚ and excitement. Being a Fashion Marketer is an exhilarating yet not so subtle career. It is a marketers job to promote fashion. They want to generate the publics interest in new styles and products. Fashion marketing involves advertising‚ but it is more than that. Fashion marketers have to be on the cutting edge endorsing the right things at the right time. They connect the public with the world of fashion‚ and they help set trends (Stone 4)
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CLASSIFICATIONS OF PRODUCT INTRODUCTION: The influx of wide ranges of consumable into the Nigerian market has provided a corresponding wide range of choice to the consumers. The competitive nature of the market place has therefore become a significant factor that producers can only ignore to their own peril. The purchasing power of the consumers is also affected by the economy of the Nation. It is as a result of the se factors that manufacturers must of necessity
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* MARKET VALUE 1. Understand that the first component of value is "utility." It means that whatever you are delivering to your customer has to be fit for the purpose the customer will give to it. In essence‚ for any goods or service you deliver to a customer‚ having utility means that the customer can enhance the performance of their own assets‚ or remove some sort of constraint that prevents them from receiving more values from their assets * If it is a car wash‚ the car has to end up
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Question 1: There are three product levels‚ they each add more customer value than the previous level and they constitute a customer value hierarchy. The decision of customers is usually based on the value that they expect to receive from buying and consuming it. The first level is the core benefit. It is the actual or fundamental benefit that the customer seeks when he buys the product. It is need to the most basic need that he/she wants to satisfy. For example‚ someone will go buy a red bull
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Dissertation proposal Submitted to: Rajendra Kumar LSC Faisal Ahmed 1092MSMS1009 LSC Proposed Title: What advertising and public relation strategy could be taken to increase the sales and profit? The case of Tesco. Tesco is one of the biggest leading retail stores in uk. It holds 51% of market share of retail business here in UK. So it can be called the market leader in the retail business leader of UK. Tesco divides its UK market operations in six regions. These are- london
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PRODUCT MIX A product mix is the set of all products and items that a particular seller offers for sale to buyers. Product mix has a certain width‚ length‚ depth‚ and consistency. Width: No. of different product lines e.g. P& G carries width of five lines- Detergents‚ Bath soaps‚ Toothpaste‚ Disposable Diapers‚ Paper Tissues. Length: Total no. of items in its product mix. Depth: No. of variants of each product in the line. Consistency: refers to how closely related the various product
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The product life cycle (PLC) describes the stages a new product goes through from beginning to end. PLC includes four major stages: market introduction‚ market growth‚ market maturity and sales decline. I decided to take an industry of cameras production as an example. I will show an application of PLC to the period‚ when cameras producers introduced such new product as digital cameras. In the market introduction stage‚ when this type of cameras were introduced to a market for the very first
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REQUIREMENT NO.1 Table of Contents I. Introduction & Definition of terms -------------------------------- 1 II. Difference between the following: a) Product & Service --------------------------------------------- 4 b) Manufacturing of Products & Rendering of Service ------ 4 c) Quality Base & Time Base Strategies -----------------------5 III. Forms of Production Process ----------------------------------------6 IV. Classification of Production System --------------------------------7
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