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What is Expected Product?

Updated: 9/18/2023
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13y ago

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expected product is fundamentel thought in profitability , and is one of the important views in probablity.this is third level at which the marketer tries to give the product a set of attributes and conditions that buyers normally expect when they purchase this product.

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Continue Learning about Economics

The quantity of product X supplied can be expected to rise with a fall in what?

The quantity of product X supplied can be expected to rise with a fall in:


What is a sentence using Gross Domestic Product?

Our Gross Domestic Product is expected to grow by 3 percent next year.


How are consumer surplus and producer surplus measured?

Consumer surplus and producer surplus are measured using the price applied. Consumer surplus is when a consumer pays a less amount than expected while producer surplus is when a product fetches more money that expected.


The concept of repricing life insurance policy?

Re-pricing focuses on the rate revision, there is no change in existing benefit structure of the product. The rate revision is necessitated due to several reasons. Some of the reasons are as follows ü When the insurance company feels that the product is not sold as expected then the insurance company will revise the rate to sell the product. ü When the insurance company feels that the product does not give profit as expected then the insurance company will revise the rate to earn profit. ü When the insurance company feels that the product has more demand then the insurance company will revise the rate to meet the demand. ü When the insurance regulatory authority asks the insurance company to revise the premium then the insurance company will reduce the rate.


What impact does the length of time a company has been in business impact the decision to produce a product in the short run?

for they have been a company for long and have customers they are expected to have the best thus can not make rush decisions

Related questions

The quantity of product X supplied can be expected to rise with a fall in what?

The quantity of product X supplied can be expected to rise with a fall in:


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You will have to realize that your product is one product that the customer uses everyday.


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Expected amount of margin made on product.


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Yes. They will send you your product with no problem, that does not garuntee that the product will be all you expected from it.


What is a sentence using Gross Domestic Product?

Our Gross Domestic Product is expected to grow by 3 percent next year.


How long is this product expected to last?

10000 pages based on 5% coverage


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 is the purpose of open dating on product labels?

Open dating informs consumers about the expected life of the product so they can avoid products that may be spoiled


A BLANK good is product that is expected to be used for more than one year by the consumer?

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What is expected?

expected product is fundamentel thought in profitability , and is one of the important views in probablity.this is third level at which the marketer tries to give the product a set of attributes and conditions that buyers normally expect when they purchase this product.