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What is A person who starts a business to produce a new product in the marketplace is known as?
Wiki User
∙ 13y ago
An entrepreneur
Wiki User
∙ 13y ago
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Service Vs product?
A service is an intangible act that a business or person performs for a customer, such as mowing a lawn. A product is a tangible item, such as clothing.
What is pre-sales and post-sales?
Pre-sales person is a person who has in depth knowledge of specific tool/product. He helps sales person to sale the tool/product and helps the customer to understand how the specific tool/product is helpful to his business by correlating the product and the business.After sale of tool/product providing support for that tool/product or services related to that tool/product which generate the revenue is called as post-sales.
What does an advertisement do?
An ad (other known as an advertisement) makes a person buy or sell a product or change a person's opinion about another product and tells them to buy their product instead for an easier living.
What is the definition of the abbreviation of B2C?
B2C is the abbreviation for the phrase business to consumer. This refers to a company which sells their product directly to the consumer without a middle company or person involved. Amazon is an example of a B2C company.
What Is My Market Potential As A Small Business?
The concepts of identifying share of the market and market potential are identical for those geographic areas. First, determine a person profile (who) and also the geographic size the marketplace. This is actually the general market potential. Understanding the number and strength of the rivals (after which calculating the proportion of economic you'll originate from them) provides you with the marketplace potential specific for your enterprise.Before starting any business you must take time to evaluate your potential customer base and resources you have. As a small business you have good market potential if you will analyze below mentioned points carefully and then decide for commencement: -People:Whom you expect to be most probably your customers i.e. target or prospective customers.What are their choices and how they make decisions - taste, preferences, and liking?Product category: It is very important to decide what product or services you will offer that can add value to your business. Further that product must have capability to enhance usability in terms of adding more value for future.How important is packaging and branding? How packaging can help in brand communication along with marinating the quality of product.Price allocation:Price allocation depends upon the different determinants like raw material price, power used, expenses incurred on storage, labor cost, transportation etc. and lastly profit margin. While deciding on the price you must carefully analyze few questions like: -Whether the price of product is competitive or not?How the branding losing or gaining markets share at the current price level?Place determination:Places or location where the product will be available or deliver. You have to decide proper location that can be adequately accessible with your prospective customers.What re the Channel of distribution? How product will be delivered to end users?Promotion strategy:What promotional strategy you will follow that can help your customers to know about your product?How much promotional budget you have and how you will allocate budget for sales distribution?
What is a person or business that controls distribution and prices of a product or service?
a monopoly
Service Vs product?
A service is an intangible act that a business or person performs for a customer, such as mowing a lawn. A product is a tangible item, such as clothing.
What is account pitching?
Account pitching is a term used in the business world. It describes when a person or company is trying to get another company to do business with them or their product.
How does one start up a small business?
A person would firstly have to find a product or type of merchandise the person wants to sell. Then one would have to find a location to sell one's product, along with a company that would be willing to manufacture the product.
What is pre-sales and post-sales?
Pre-sales person is a person who has in depth knowledge of specific tool/product. He helps sales person to sale the tool/product and helps the customer to understand how the specific tool/product is helpful to his business by correlating the product and the business.After sale of tool/product providing support for that tool/product or services related to that tool/product which generate the revenue is called as post-sales.
What is the purposes of a partnership?
There are many reasons people form partnerships. One such reason is because one person may have business acumen and the other person is good at making the product or service their business offers.
Where can a person download business system software?
A person may purchase and download business system software directly from the developer of the product (e.g., Microsoft, Cisco, and NetSuite). Most commonly, the customer is provided with a license key that may then be used to activate the product upon successful download and installation.
What is service concerned business?
A business concerned with service is one where a person provides an activity as opposed to customers purchasing a product. This can include accountants, bankers, lawyers, and hairdressers.
The best free classified app in Kerala?
QB is an Indian online marketplace and classified advertising platform. Our aim is to empower every person in the country to independently connect with buyers and sellers online. The best free classified app in Kerala, India. List your Business, Shop, Product, and Service Promote to the Right Audience, and Increase Sales on QB.
In the business field what does the term end user refer to?
In the business field, end user refers to the person who last owns the product of the original term user. The term user tries to keep both them self, and the end user happy with the product results.
What is meant by feasibility study and what is it meant to achieve?
In basic terms, a person in charge of a business, or people looking to start a business of any kind, need to know the relationship between the COST of starting/maintaining the business, and the VALUE of the business once it is in place. By value I mean the projected income that the business will produce. In order to have the best possible estimates of these things, the people involved need to look at cost of engineering and design that has to go into the business, costs of raw materials and other kinds of resources that will be needed for building and for whatever product will be made, the availability of a work-force, and also the MARKET for the product-- are there people/companies who will buy what you are proposing to make? Is the location appropriate? Can you reasonably rely on a NEED for the product over a foreseeable time span? Can you sell the product at a competitive price, given what you will have to be spending in overhead? To achieve something is to get it, to attain it. If you want to create a successful business, and then you actually CREATE it, you have achieved your goal-- or at least your short-term goal.
What is an entrepreneur explain the various qualities of a good entrepreneur?
well an entrepreneur is someone who makes a business, who goes through the planning, designing and making phase of the business sector e.g. ralph lauren- the person who started ralph lauren had designed the horse and rider and made the product available in stores. QUALITIES- Well a person needs to have a great imagination to pitch ideas / design them and have enough money to be able to sell the merchandise and produce he merchendise
