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Specialization
Answer this question… Marketing
A monopoly.
The product is called absolute product when the product is up to the requirements of the customers.
TCS is mainly a Project Based Company also called Service based. Project based is the actual term. Though they have their own product like TCS BanCS (Financial service product) etc. their contribution to service is more than productsProject based company:Developing an application based on clients requirement.The application will be released only to the particular client.Ex: TCS, CTS, INFOSYS, POLARIS, WIPRO etc.Product based company:Develop an application based on their own requirement.It will be released to open Market and they make money based on the salesEx: Apple, IBM, Microsoft, hp, Google etc.
Specialization
Marketing
cartel
opportunity costs
The medieval way of life based on ownership of land on service and loyalty was called serfdom. People who were bound in this agreement were called serfs, and normally farmed the land they owned and were required to a portion of their crops to the person they owed service and loyalty to, called the lord. In addition to this, they were required to fight for their lord in times of trouble.
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product trade offs( Nova Net)
the "r" in a circle is called "Radius". It the same as half of the diameter. ---- A capital R in a circle is a registration mark. It is used to signify registration of a trademark and is placed on a product to signify ownership of the rights to that product.
A monopoly.
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trade-offs
opportunity costs