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What is volatile demand?
Volatile demand refers to fluctuations in the level of demand for a product or service that are unpredictable and can vary significantly over short periods of time. This can pose challenges for businesses in managing inventory, production capacity, and distribution to meet sudden changes in demand.
What is a pure service brand?
A pure service brand refers to a company that offers intangible services rather than physical products. These brands focus on delivering services as the core offering to their customers, without any tangible product component attached. Examples include consulting firms, hospitality services, and financial services.
How can one determine the rate for a particular service or product?
To determine the rate for a service or product, one can consider factors such as production costs, market demand, competition, and desired profit margin. Conducting market research, analyzing pricing strategies of competitors, and calculating expenses can help in setting a competitive and profitable rate.
What is weak substitute?
A weak substitute is a product or service that is not an exact replacement for the original item, often resulting in lower quality or performance. It may not fully satisfy the needs or expectations of the user compared to the original product.
What is channel diffusion?
Channel diffusion refers to the spread of a product or service through different distribution channels. It involves making the product available to customers through various means such as online stores, retail outlets, or partnerships with other businesses. Channel diffusion helps reach a wider audience and increase accessibility to the product.
What are the reasons why demand changes for a particular product or service?
Demand for a product or service can change due to factors such as changes in consumer preferences, shifts in income levels, fluctuations in prices, changes in the overall economy, and the introduction of new technology or substitutes.
When was Managing the Professional Service Firm created?
Managing the Professional Service Firm was created in 1997.
Why was Gmail created?
Gmail was created as a service to encourage mailing. Sending, managing, receiving mails as a part. Gmail was a product of Google corporation.
How many pages does Managing the Professional Service Firm have?
Managing the Professional Service Firm has 376 pages.
What is the role of a supply chain manager?
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
What is the role of supply chain manager?
Some duties of a supply chain manager consists of managing all steps it takes to get the product into the consumers hands. This includes from the processing of the product to customer service to the customer.
What is the ISBN of Managing the Professional Service Firm?
The ISBN of Managing the Professional Service Firm is 978-0-684-83431-3.
What is product and service in a business?
product and service in your life cycle
What is the difference between service organization and manufacturing organization?
A service organization's end product is a service. A manufacturing organization's end product is a product.
What is volatile demand?
Volatile demand refers to fluctuations in the level of demand for a product or service that are unpredictable and can vary significantly over short periods of time. This can pose challenges for businesses in managing inventory, production capacity, and distribution to meet sudden changes in demand.
Is a supermarket a product or a service?
product
What are the benefits of using Lloyds TSB Online?
Some of Lloyds TSB online benefits are as simple as multiple banking branches to do business with and available money managing tools. They also send texts that warn a customer when the account is close to its limits, give buffers on overdrafts, and have a phone service available at all hours.
