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What is the significance of utility units in measuring the effectiveness of a product or service?
Utility units are important in measuring the effectiveness of a product or service because they quantify the value or benefit that consumers derive from using it. By tracking utility units, businesses can assess how well their offerings meet customer needs and preferences, helping them make informed decisions to improve their products or services.
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What are strength of market globalism?
• Reduces your cost and increases your savings • Strong competitive advantage • Improves the effectiveness of your service or product • Increases consumers awareness of your brand
What is the significance of the social value curve in understanding the impact of a product or service on society?
The social value curve helps us understand how a product or service affects society by showing the balance between its benefits and costs. It helps us see if the product or service creates more positive outcomes for society than negative ones, guiding decisions on its impact and value.
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
What are strength of market globalism?
• Reduces your cost and increases your savings • Strong competitive advantage • Improves the effectiveness of your service or product • Increases consumers awareness of your brand
What is the significance of the social value curve in understanding the impact of a product or service on society?
The social value curve helps us understand how a product or service affects society by showing the balance between its benefits and costs. It helps us see if the product or service creates more positive outcomes for society than negative ones, guiding decisions on its impact and value.
What is the significance of food service?
what is the food service istablishment
What is product and service in a business?
product and service in your life cycle
Assess Strayhorn's Communication effectiveness of Eastern International Food Service Corporation?
Assess Strayhorn's Communication effectiveness of Eastern International Food Service Corporation?
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
Can you make payments for this product/service?
Yes, you can make payments for this product/service.
Is advertising a product or service?
SERVICE.....
Discuss the significance of services marketing in tourism sectors?
significance of service marketing
What is the significance of nstp in national discipline?
what is the significance of national service training program
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.
