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Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.
It involves the four majordecisions:
1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.
2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.
3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.
4. Product Positioning Decision.
What else can I help you with?
What decisions affect production efficiency?
All four of the decisions must be made: What goods will be produced?How will production occur?How much should be produced?Who will be the recipients?All are decisions that influence production efficiency.
Characteristics of production and operations management decisions?
Making decisions that help make business more efficient are part of production and operations management. Other characteristics include conscientious and tactical decisions.
Who makes the production decisions for the U.S.?
The president (oboma)
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
What are the major decisions in production?
Major decisions in production are:1.what to produce?2.For whom to produce?3.How to produce it?4.Where to produce it?4.When to produce? (dealing wit a service)
What are the bases of production decisions in subsistence economy?
because of the scarcity
A firm is dependent on which of these to help it make decisions about production?
consumer taste
Why is it essential for business people to consider all fixed costs of production when making strategic decisions?
It is essential for business people to consider all fixed costs of production when making strategic decisions because fixed costs are expenses that do not change regardless of the level of production. By understanding and factoring in these costs, businesses can accurately assess their overall expenses and make informed decisions about pricing, production levels, and profitability. Failure to consider fixed costs can lead to inaccurate financial projections and potentially harmful strategic decisions.
What is an economy in which the government makes the decisions of goods production?
A command economy is one in which the government makes decisions regarding production, consumption, and all other aspects of the economy. It is a primary feature of any communist society.
Who makes the production decisions in France?
the president and Prime Minister make the laws!
An economic system in which individuals own the factor of production and make their own decisions?
capitalism
Production decisions are made according to customs and traditions?
traditional system
