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What else can I help you with?
What is meant by production function?
When the raw material is converted into finished product is called production.
Domination of an industry by a single company is referred to as a?
I believe it is called a monopoly.
What is service encounter?
Service encounter is AKA the Moment of truth. it is when the customer interacts with the service or product for the first time.It has 3 different P's than the product and they are:peopleprocessphysical evidenceService encounters are transactional interactions in which one person (e.g., a vendor, office clerk, travel agent) provides a service or good (e.g., a product, an appointment, airline tickets) to another person.A service encounter is a period of time during which customer interact directly with a service. It is also called as "Moment of Truth"
How much of a product or service you can buy with a certain amount of money is called what?
The amount of a product or service you can buy with a certain amount of money is called "purchasing power." It reflects the value of money in terms of the quantity of goods or services that can be acquired. Factors such as inflation and changes in price levels can affect purchasing power over time.
The fourth production factor needed to pull all three of the above resources together to make a product or to provide goods and services is called what?
Entrepreneurs.
What is the process that converts input into a final product or service?
The process that converts input into a final product or service is called the production process. It involves a series of steps that transform raw materials or resources into a finished product or service through various activities such as designing, manufacturing, quality control, and distribution. Each step in the production process adds value to the inputs until they are transformed into the final output.
Why production management is called operations management?
Operations managemeent is to direct, plan, and coordinate different activities of manaufacturing or service operations. As Production management involve planning, organizing,directing and coordinating various activities to produce final product or service; it is called operations management as well.
What is meant by production function?
When the raw material is converted into finished product is called production.
What is focusing on one job product or service called?
Specialization
What is promotion and advertising stage of a product or service called?
Marketing
Things you must give up to buy the product or service are called product?
opportunity costs
What is domination by a superpower called?
hegemony
What is the promotion and advertising stage of a product or service called?
Answer this question… Marketing
What are those characteristics of the production process that best match product requirements called?
na
What is the ability for an enzyme's product to shut down production of itself called?
negative feedback
What are things you must give up to buy a product or service called?
product trade offs( Nova Net)
What is it called when one company has complete control of a product or service?
A monopoly.
