A group of business or manufacturer that produces a particular products or services

Q: What represents the technically efficient combination of two products a business can produce in the…

A: The technically efficient combination of two products that the business can produce in the present…

Q: Laws that inform procurement activities

A: ANSWER : To give a brief review, procurement is just the act of buying and negotiating materials…

Q: Evaluate the ethical considerations of excessive or non-recyclable packaging materials in the…

A: Surplus or non-recyclable packaging materials represent an important ethical consideration in the…

Q: Do term limits seem to have more advantages or disadvantages? Defend your answer.

A: Term limit is defined as when a persons in office is allowed to serve for  specified or  limited…

Q: Why less used stuff in company should be sold

A: ANSWER: The less used stuff in company should be sold because:

Q: Below is a list of descriptions and/or elements of a concept. Read each description carefully and…

A: In a market, different conditions are explained by the different concept that helps to understand…

Q: eco-friendly packaging options

A: Packaging refers to the process of designing, creating, and enclosing products or goods in…

Q: Vehicles, Machinery, and Electronics are all forms of

A: Capital merchandise is actual resources that an organization utilizes in the creative interaction to…

Q: What actions would you consider to improve conversion rate on our website?

A: Conversion rate is the purpose of your website usability, the relevancy of income traffic, trust in…

Q: What is the difference between technical supplier development and supplier development?

A: Supplier development is a strategy adopted by business organizations to enhance the performance of…

Q: What items should [or should not] be included in a letter of offer?

A: Hiring an employee will be based on the educational qualification, experience, attitude, etc., of…

Q: example of a driver of sales is: Production capacity of the company Skill level of the company’s…

A: Cycle time is the time taken between two final manufactured products. And the capacity of the…

Q: Pick a familiar product: a camera, microwave oven, lawn tool, or something else. Shop for this…

A: Distribution channel is the medium through which the product move from the manufacturer to the…

Q: List at least ten products that already exist, which you use, that are constanly being modified to…

A: A product can be defined as any item which has the capacity to fulfill the needs of the customer or…

Q: Describe the risk implications of product handling, storage, packaging and delivery.

A: Risk means the possibility of an unfavorable outcome of an event. In the process of product…

Q: Show three examples of a letter of inquiry with the purpose of inquiring about the service or…

A: Dear [Supplier's Name],I am writing to inquire about your [Product Name]. I came across your product…

Q: Which among the eight-vendor identification steps is crucial? Why?

A: It is very important to find a suitable vendor for the firm because lots of work will depend on the…

Q: Make a difference between the warehousing that takes place on the premises and the warehousing that…

A: Warehousing refers to the temporary warehousing of products and materials prior to their shipment to…

Q: Write about the characteristics of a good package

A: Packaging has a significant role in marketing. It safeguards products and helps in sales promotion.…

Q: Explain what is your course of action should the majority of your company product become malfunctio…

A: It is important to take care of the products which have malfunction after the time of 2 years. The…

Q: Identify and explain the components of the supply chain

A: A supply chain is a procedure that starts with the acquisition of raw materials, continues with the…

Q: Once established, the same product mix remains effective for as long as the firm chooses to use it;…

A: The entire number of product lines a firm offers to its clients is referred to as product mix, also…

Q: At what point does a supplier’s gift or favor depart from a friendly showing of appreciation for a…

A: Consumer/Buyer behavior. Consumer behavior is the study of the behavior of an individual group or…

Q: Announcement of MIS implementation is made by what?

A: A Marketing Information System of a company can be described as a system which interprets the…

Q: xplain each of the key objectives of the purchasing function

A: Objectives Purchase The goals of a global procurement company considerably beyond the conventional…

Q: Why companies that manufacture private brands also produce their own manufacturer brands?

A: A manufacturer can be denoted as the person or an institution who is involved in the activity of…

Q: Give me a sample of a memorandum letter for monthly meeting of an organization.

A: Memorandums or memos are documents issued internally by an organization, informing employees about…

Q: To what extent has the use of technology influenced product and service   development?

A: The impact of technology on service strategy:

Q: How can the company differentiate its goods and/or services from those of its competitors?

A: The following is the response:

Q: components

A: Counterfeit goods are those goods that are fake or pirated in nature. They are not real but might…

Q: The area in a retail store that creates a first impression about the store’s offering is called:…

A: Retailing refers to the person or organization that is engaged in the business of selling individual…

Product and Service Innovation

Product innovation is the introduction of either a new product or an existing product with significant improvements related to its characteristics. Improvements could be in various specifications and areas such as technical, technological, physical use, software updates, overall size and texture, and so on. For instance, consider the Apple Watch; they release different series every year with significant updates and improvements such as using cellular technology, monitoring your heart rate, acting as your fitness partner, measuring blood oxygen level, and so on. We see the addition of features in every series, and these improvements make them a different product altogether.