want is just a desire. it's basically a luxury you can live without. a need is a necessity it requires supply or relief.
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.
There is increasing supply of duplicate products. It is very difficult for an ordinary consumer to distinguish between a genuine product and its imitation. It is necessary to protect consumers from such exploitation by ensuring compliance with prescribed norms of quality and safety.
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
Though both have want satisfying power, products are tangible in nature whereas services are intangible.
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
Define Marketing. Distinguish product marketing and services marketing with suitable examples
One way is to check whether the pre-image of the product is sigma-algebra. Please list an example to clarify your question.
One chemical property that can be used to distinguish between two compounds is their reactivity with a specific reagent to form a unique product. For example, if compound A reacts with a specific metal to form a colored precipitate while compound B does not, this difference in reactivity can be used to distinguish between the two compounds.
Product is something made, or grown, or harvested. Consumer is the person who uses it, or eats it, or burns it.
A project manager needs to understand both to be able to analyze and distinguish the difference and the appropriate time to use either.
An example of sales tax is when a customer purchases a product at a store and pays an additional percentage of the product's price to the government as tax. This tax is collected by the seller and then remitted to the appropriate tax authority.
A product oriented business is when a business/company does not carry out research before manufacturing a product whilst a market orientated business is a business/company that carries out research before manufacturing a product(s)
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.
One simple chemical test to distinguish between benzene and hexane is the Bromine test. Benzene will not react with bromine in the absence of a catalyst, while hexane will readily react with bromine to form a colorless product.
Selection of materials are a good example of product design and quality control. By selecting materials that are considered appropriate, the evaluation phase is easier.
Advertising is normally conducted in the form of planned campaigns, in paid-for media. Publicity is the term for ensuring that the product receives editorial coverage.
yes