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collect 3 images and analyse each ine by using questions
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What does total product concept include?
The total product concept include: potential, augmented, expected and core. The concept refers to the collection of services offered by a service or product.
What does the total product concept include?
The total product concept describes the idea that a product is more than just the tangible item "on the shelf," and that the product also consists of the services offered with the product - like a warranty, advice, delivery, maintainance/repair etc. It also includes the intangibles such as quality, prestige and reputation. All of these things go to make up the total product.
What is the different between old marketing concept and new marketing concept?
old marketing concept started after production and ended as soon as the product was delivered to the customer. It confined to trading activities only i.e. buying and selling. earlier the marketer focused on quality of product and assumed that if the product was of good quality it will definitely be sold. whereras modern marketing concept starts prior to production process and continues even after product's delivery. it includes various activities like market analysys, after sales services etc. it aims at providing total satisfaction to consumers.
Define total product?
It is a product that is total
What is the Concept of revenue?
Average revenue (AR): total revenue per unit of a product sold; Total revenue (TR): total number of dollars received by a firm or firm from the sale of a product; Marginal revenue (MR):additional revenue received result from the sale of an extra unit of product; Under perfect competition P=AR=MR and the firm's demand curve is flat.
What is Total Product Cost?
total product that needs to sell to cover total costs
Define average product?
Average product defined as- dividing total production of inputted variables by number of inputted variables. For example- average product of 3,5,7,9 is-(3+5+7+9)/4= 6.
What are some examples of unrelated diversification?
moving from what you were offering to a total new product, for example,if you were manufacturing clothes and then you move to food industries is a good example of unrelated diversification.
What is unit cost and total cost?
Unit Cost: It is the cost utilized to manufacture one unit of product Total Cost: It is the cost utilized to manufacture specific volume/ number of units of product Example: 10000 cost spent on production of 1000 units of product so 10000 is a total cost & 10000/1000 = 10 is a unit cost
Where is lake maricibo?
with example explain the concept of of elasticity of supply and interpretating the result graphical and descuse the relationship between price elasticity and suppliers total revenue
What are the three important concepts of Logistics management?
The cost trade off The total cost concept The total system concept
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
