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Difference between actual output and potential output of an economy?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
What is Expected Product?
expected product is fundamentel thought in profitability , and is one of the important views in probablity.this is third level at which the marketer tries to give the product a set of attributes and conditions that buyers normally expect when they purchase this product.
What is a product policy?
A product policy is a set of rules on how a product or service is promoted to consumers. A product policy would generally contain information about the product and how it would benefit the target audience.
How do you set up a sales target?
1. Determine the area in which you will be selling your product 2. Determine the demand for your product in your projected sales area 3. Determine how much of the market a product similar to yours presently controls 4. Determine if there are reasons for clients to switch to your product. 5. Determine the difference between present supply and demand, and the potential switched over clients that might be available to you. 6. This is your total potential gross sales amount. 7. Determine how much of the gross sales volume you could support with your supplier, sales staff, amd similar considerations. 8. Your sales target would be the percentage of this potential serviceable demand you could supply in years one through ten. Assume sales would increase annually if your product is better, cheaper, better serviced etc.
What is the law of diminishing returns?
the law of diminishing returns states that as a set of variable factors is added to a set of fixed factor, the marginal product and average product will first increase then eventually decrease
Difference between actual output and potential output of an economy?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
What is a set of all potential buyers and sellers?
market
What is market segmentation Is it different from product differentiation?
Market segmentation is breaking down your potential buyers into measurable groups. Most often, markets are segmented by demographics (i. e. gender, location, marital status, education level, income level, ethnicity). This is totally different from product differentiation, which is the characteristics (or communication of characteristics) that set one product/service apart from the competition.
What is Expected Product?
expected product is fundamentel thought in profitability , and is one of the important views in probablity.this is third level at which the marketer tries to give the product a set of attributes and conditions that buyers normally expect when they purchase this product.
Why does the alarm set when the key locks the door?
If the actual button to lock the door is broken or if the battery is dead the key can be used to set the alarm in case of a potential break in.
What is a conformance report?
A report issued when a product, process or procedure does not comply with the set standards for a particular belonging to the product, process or procedure under inspection
What qualifications are needed to be a product photographer?
To become a product photographer, there are no set academic qualifications that needs to be achieved. However, one should have a large portfolio of work to show potential clients to show the skills of the photographer.
What is expected?
expected product is fundamentel thought in profitability , and is one of the important views in probablity.this is third level at which the marketer tries to give the product a set of attributes and conditions that buyers normally expect when they purchase this product.
Is it possible to have a partial action potential?
No. The chain of reactions set off by an action potential either is or is not set off.
What is the differences between market and marketing?
Market vs. Marketing Market is a collection of buyers and sellers. It is also thought to be a set of individuals or institutions that have similar needs that can be met by a particular product. For example, the housing market is a collection of buyers and sellers of residential real estate, and automobile market includes buyers and sellers of automotive transportation. A market is, therefore, the set of all actual and potential buyers of a market offer. Until recently, market also meant a physical location where buyers and sellers met to conduct transactions. These marketplaces, like the grocery stores, malls etc. still thrive in the society. However, with the advent of technology the 'where' of a market - that is the location of the buyers and sellers - has drastically changed. The answer to the 'where' question is fast changing into 'anywhere' as markets are becoming less defined by geography. The term marketspace has been coined to describe these electronic marketplaces unbound by time or space. Most companies conduct research to find out the credibility of their product in the market, its sales patterns, buyer acceptance levels and most importantly, to forecast future sales. The company must be able to measure and forecast the size, growth, and profit potential of each market. The market demand for a product under a specific marketing activity is the sales volume of the product in the target market for a specified time period in a particular region. Marketing, on the other hand, is an organisational function and a set of processes that work in tandem to serve the market effectively, efficiently and profitably. The American Marketing Association defined marketing in 2005 as - Marketing is an organisational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. A marketer, by adjusting and optimizing the 4P-s of marketing, has to carry out different marketing tasks, take care of the task or internal marketing environment, and keep his eyes and ears open about the happenings in the broad or external environment, in order to compete successfully in the market. Successful marketing companies will be those who can provide appropriate solutions to customer needs economically and conveniently and communicate effectively with the targeted group of consumers.
What is the difference between market and marketing?
Market vs. Marketing Market is a collection of buyers and sellers. It is also thought to be a set of individuals or institutions that have similar needs that can be met by a particular product. For example, the housing market is a collection of buyers and sellers of residential real estate, and automobile market includes buyers and sellers of automotive transportation. A market is, therefore, the set of all actual and potential buyers of a market offer. Until recently, market also meant a physical location where buyers and sellers met to conduct transactions. These marketplaces, like the grocery stores, malls etc. still thrive in the society. However, with the advent of technology the 'where' of a market - that is the location of the buyers and sellers - has drastically changed. The answer to the 'where' question is fast changing into 'anywhere' as markets are becoming less defined by geography. The term marketspace has been coined to describe these electronic marketplaces unbound by time or space. Most companies conduct research to find out the credibility of their product in the market, its sales patterns, buyer acceptance levels and most importantly, to forecast future sales. The company must be able to measure and forecast the size, growth, and profit potential of each market. The market demand for a product under a specific marketing activity is the sales volume of the product in the target market for a specified time period in a particular region. Marketing, on the other hand, is an organisational function and a set of processes that work in tandem to serve the market effectively, efficiently and profitably. The American Marketing Association defined marketing in 2005 as - Marketing is an organisational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. A marketer, by adjusting and optimizing the 4P-s of marketing, has to carry out different marketing tasks, take care of the task or internal marketing environment, and keep his eyes and ears open about the happenings in the broad or external environment, in order to compete successfully in the market. Successful marketing companies will be those who can provide appropriate solutions to customer needs economically and conveniently and communicate effectively with the targeted group of consumers.
What happens to the captives when the ship reaches Barbados?
After arriving in Barbados, the slaves were gathered on deck for exhibition to buyers, and later, they were set up for auction.
