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Though both have want satisfying power, products are tangible in nature whereas services are intangible.
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∙ 11y ago
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Distinguish between demand estimation and demand forecasting?
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
Give an appropriate example of the product or service that can distinguish between needs and wants?
want is just a desire. it's basically a luxury you can live without. a need is a necessity it requires supply or relief.
Can a product be a service?
NO! A product is different from service. An example of product is Milk, Mobile phone, TV, Car, etc. An example of service is insurance, medical care (but medicine is product), etc. The government marks use for service is SM, which stands for service mark, while for product it is TM, which stands for Trademark.
When all the product or service brought to market is consumed the price for the product or service is considered to be a?
rising price
What determines a demand for a product?
Purchase power,income level,necessarity,willingness
Is a small-denomination item a product or service that is hard to distinguish from the same product or services provided by other sellers?
yes
Is a product or service that is hard to distinguish from the same products or services provided by other sellers its features have become standardized and well known?
swot analysis
Distinguish between demand estimation and demand forecasting?
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
Define marketing distinguish product marketing and services markrting with suitable example?
Define Marketing. Distinguish product marketing and services marketing with suitable examples
What is product and service in a business?
product and service in your life cycle
Give an appropriate example of the product or service that can distinguish between needs and wants?
want is just a desire. it's basically a luxury you can live without. a need is a necessity it requires supply or relief.
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.
Is a supermarket a product or a service?
product
What is the distinguish between product and consumer?
Product is something made, or grown, or harvested. Consumer is the person who uses it, or eats it, or burns it.
Is advertising a product or service?
SERVICE.....
Difference between product quality and service quality?
Product quality is the way a product performs. While service quality is how well an experience was when shopping for, buying, using a product or service.
Can a product be a service?
NO! A product is different from service. An example of product is Milk, Mobile phone, TV, Car, etc. An example of service is insurance, medical care (but medicine is product), etc. The government marks use for service is SM, which stands for service mark, while for product it is TM, which stands for Trademark.
