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Why are products classified into durable or non durable goods?
1. Classifying products into durable and nondurable are helpful for both the consumer and firm. It is helpful in the consumer in a way that they will know whether they are buying a product that is for one time use only or that can stock and use for a long time. On the part of the firm, they can determine the demand of the product depending on the product consumption and purchase. Usually, durable products have low demand because of its high price and long life span compared to nondurable products that have high demand because those products belong in this category are the basic needs of consumers and that are bought from time to time. This distinction is useful because durable products present more complicated problems of demand analysis than nondurable products. Nondurable items are meant for meeting immediate demand, but durable items are designed to meet current as well as future demand as they are used over a period of time.
What is product characteristics?
A product characteristic is an attribute or property of the product that describes the product's ability to satisfy its purpose in a larger system.
A nondurable good last for less than three years when used on a regular basis?
A non-durable good is expected to last 3 years or less. The more a product is used on a regular basis the less time it lasts.
5 Describe the characteristics of an oligopoly market structure?
differentiated product only no entry either homogeneous or differentiated product difficult entry
What factors differentiate a product and a service?
we can feel and touch the product as it is materialistic for example toothpaste coming to service it is not materialistic and we can only feel it example airtel
What are the example of products or solution found at home and in stores and their characteristics and describe?
give me example in product or solution
Explain why a product might fail in one market but survive in another. Provide an example?
maybe the advertisement
Explain the 5 different types of product-flow characteristics?
Continuous Processes, Assembly Line, Batch Flow, Job Shop and Project
What is meant by global market what are its characteristics explain the traits of global market?
A product or service is sold or can be sold throughout the world,not just on one continent
Why are products classified into durable or non durable goods?
1. Classifying products into durable and nondurable are helpful for both the consumer and firm. It is helpful in the consumer in a way that they will know whether they are buying a product that is for one time use only or that can stock and use for a long time. On the part of the firm, they can determine the demand of the product depending on the product consumption and purchase. Usually, durable products have low demand because of its high price and long life span compared to nondurable products that have high demand because those products belong in this category are the basic needs of consumers and that are bought from time to time. This distinction is useful because durable products present more complicated problems of demand analysis than nondurable products. Nondurable items are meant for meeting immediate demand, but durable items are designed to meet current as well as future demand as they are used over a period of time.
Explain the matrix approach to product planning?
Explain the Matrix approach to product planning. Suggest a Marketing strategy on the basis of the product evaluation matrix.
An example of tourism product?
example of tourism product for me is
Explain how you know whether an estimate of a product is an overestmate or an underestimate?
Explain how you know whether an estimate of a product is an overestimate or an underestimate?
What are the objective characteristics of the product?
The objective characteristics of a product are its physical attributes and features that can be measured and observed, such as size, weight, color, material, and functionality.
What is product characteristics?
A product characteristic is an attribute or property of the product that describes the product's ability to satisfy its purpose in a larger system.
Explain how product form pricing may be a pricing option at Quills?
Explain how product form pricing may be pricing option at Quills?
Example of product-positioning map?
example of product positioning map?
