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When 3m managers decided to manufacture post its notes a new product was born this is an example of in action?
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What is the salary for product manager?
It depends on the product, the company, the current employment market for product managers, and the individual's education, experience and performance.
What is the difference between Product Management and Operations Management?
Product management in many cases involves a single line of products within the larger corporate framework. The product managers are tasked with making sure the procutes they are responsible for are manufactured or purchased economically, shipped, delivered, sold at a profitable price. An example would be within the old Borden corporation there were separate product management groups that dealt with Cracker Jacks and Elmers' glue products. Operations management deals with the infrastructure that enables the product managers, development managers, research managers, accounting managers and all of their staffs to do their work. Operations often will be the ones who provide the desk, the buildings, the telephones, computers, janitor services, security and on and on.. Sometimes the definitions change and operations will be the group directly responsible for the product, especially in a service business. Sometimes operations will be split into other areas, facilities, IT, food service, etc.. The definitions are flexible and unique to each company.
What is a product by value analysis and what type of decision does it help managers make?
A product-by-value analysis lists products in descending order of their individual dollar contribution to the firm, as well as the total annual dollar contribution of the product. It helps managers evaluate possible strategies for each product. The product-by-value report focuses management's attention on the strategic direction for each product.
What are different types of managers in a organization?
In a manufacturing company you would have:Sales Managers - responsible for making salesMarketing Manager - responsible for advertisingPurchasing Managers - responsible for buying raw materialsProduction Managers - responsible for making the productFinance Managers - responsible for the moneyCost Accountants - responsible for analysing costsIT Manager - responsible for computingHuman Resources manager - responsible for staff training and welfare.Product Development Managers - responsible for new product designPersonnel Management - responsible for hiring, firing, and trainingTHIS IS A PROFESSIONAL EDIT
What are advantages of zonal manager?
Managers will have local knowledge of the region and will therefore be able to better tailor the product/service than someone far removed.
What company does manufacture plate glass?
There are several companies that manufacture plate glass. For example Pilkington based in the UK and Pittsburgh Plate Glass based in the USA both manufacture this product.
What are some companies that manufacture a 26 inch LCD television?
There are a wide variety of companies that manufacture 26 inch LCD televisions. Magnavox, Vizio, Sharp, and Samsung, for example, each manufacture this product.
What is a labor costs?
Labor Cost is the direct labor utilized to manufacture the product. For Example: 10 labor hours required to manufacture 1 unit of product and labor cost per hour is 10 so total labor cost to manufacture 1 unit is 100 (10 * 10).
What are some companies that manufacture wallets for ladies?
There are a wide variety of companies that manufacture and sell women's wallets. Buxton, Leatherbay, and Haiku, for example, are each known to sell this product.
How do you manufacture a product?
You make it.
What is the difference between product extension and brand extension?
Line Extension is mean adds a variety in their existing line, for example: for soft drink manufacture, their decide to come out new favor like 'Diet' or 'Cherry' in the cola line; the toy manufacture come out a new character or accessories in its product lines. They still have related to their old product. Brand Extension means the product are using the same brand name but different product class, for example: the soft drink manufacture coming out the juice drinks under their company name. Because the customer is familiar to the brand name, so this can drive them to try a new product than totally unrelated to the old product lines.
What are the duties and respocsabilities of a marketing manager?
Marketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managers and market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential usersMarketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managers and market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential users Marketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managersand market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential users
Is a manufacturing plant managers salary a direct labor cost?
Manufacturing plant manager is not directly related to manufacture of unit of product that's why it is not direct labor cost instead of that it is indirect cost and goes to overhead account
How do you manufacture an iPod?
You are not allowed to manufacture an iPod as it is a product produced and legally protected by Apple.
What is unit cost and total cost?
Unit Cost: It is the cost utilized to manufacture one unit of product Total Cost: It is the cost utilized to manufacture specific volume/ number of units of product Example: 10000 cost spent on production of 1000 units of product so 10000 is a total cost & 10000/1000 = 10 is a unit cost
A sentence with the word product?
I am excited to launch our new skincare product next month.
What product is used to manufacture industrial alcohol?
molasses
