The consumer is the one that uses the product while the customer is the one who buys it. a consumer maybe a customer and the customer maybe the the consumer. The difference is that, customer buys the product intended for giving it to someone else or for selling it.
the difference between production management and operation management?
Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability
Consumer risk is the probability that a product will be manufactured that is defective and shipped to the customer. A person with a customer-only focus will typically want to have a very small consumer risk. A person with a producer-only focus typically is not very concerned with consumer risk. Low consumer risk can sometimes be accomplished by rigorous testing and quality control, which, when carried to an extreme in order to reach zero consumer risk, can lead to very expensive products.Producer risk is the probability that a product will be manufactured that is good, but is rejected by the manufacturer's internal quality control processes before it is shipped to the customer. A person with a producer-only focus will typically want to have a very small producer risk. A person with a consumer-only focus typically is not very concerned with producer risk. Low producer risk can be accomplished by lax testing and quality control, which, when carried to an extreme in order to reach zero producer risk, can lead to very poorly-performing or non-yielding products.The key to high yielding and reliable products is in achieving a balance between these two sometimes-competing goals.
what is the difference between growth and expansion
difference between feedback and control
While consumer banking deals with the consuming public, a customer bank can also be one that specializes in business with the commercial industry.
In the airline industry the consumer is the one buying a passenger ticket, whereas the customer, besides often the consumer, can also be the one purchasing goods and services for the airline itself.
The Gap between Consumer Expectation and Management Perception. The knowledge gap is the difference between the customer's expectations of the service provided and the company's provision of the service.
Customer is a buyer but may or may not be be the user or consumer.
The similarities between consumer buying and organizational customer buying is that both have the need to purchase. The difference lie in the quantity of purchases. Consumer buying entails retail, while organizational customer buying entails wholesale.
what is difference between customer behaviour and consumer behaviour? The customer has to follow the terms of doing business with the Bank while the consumer can demand what he wants either from the existing pool of products or from an access to somebody's pool at a price that the bank chooses. Since the later pays for his demand to be met, he would be exacting in nature. The customer can also demand better service but within the agreed boundaries and any new service he seeks, carries additional price. When such demand is made he would turn out to be another consumer. Many banks devised new products based on such demands either by a consumer or customer-turned-consumer.
Explain the difference between share of customer and customer equity
•difference between service and delight
The difference between total customer value and total customer cost is__________.
The one who buys the product is called a customer and the who uses the product is called a consumer.Generally, a consumer refers to individuals who buy for themselves or their family (hence the term 'consumerism' in economics and politics), whereas a customer can alsomean the retailer or person who buys from the manufacturer, etc.
In sales letter you urge consumer while in sales promotion letter you induce the customer.
stakeholder customer