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According to my knowledge , any two wheeler has a maximum lifetime span of 1.5 Lakh kilometres for the engine.

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16y ago

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Continue Learning about Marketing

What is pioneering advertising?

Pioneering Advertising is the term for the first phase in an advertising cycle. This is when a new product is introduced to the market and there is no other product on the market parallel to it. For example: when the Apple iPhone first released, it had 100% of the market in touch screen phones with the capabilities that it has. A few years later, now there are other phones that have joined the same market, which moves the iPhone into the second phase of an advertising cycle: Competitive Advertising.


What is the difference between discount and commission?

5% commission means you pay USD 100 and get the product amounting to USD 1055% discount means you pay USD95 and get the product amounting to USD100


You have an idea for a new product who do you go to to make this product reality and which type of manufacturing company would produce this product?

In many instances IP (intellectual property) is more valuable then who manufactures it. Protect yourself before going out and sourcing a manufacturer. There are 100's and usually 1000's of companies who will make it. The problem is getting out of it what it is worth. This is the key, not who will make it.


How do you work out the mark up of a product?

To calculate the markup of a product, first determine the cost price, which includes all expenses related to producing or acquiring the product. Then, decide on the selling price. The markup can be calculated using the formula: Markup = Selling Price - Cost Price. To express it as a percentage, use the formula: Markup Percentage = (Markup ÷ Cost Price) × 100.


How do you mark up pricing?

Mark up is the percentage difference between the selling price of a product (to the customer) and the cost of the product (you bought it for). For example, you sell a sandwich at £1.99 and it cost you £1.40 to make it. The difference is £0.59. So the mark up is £0.59/£1.40 x 100% = 42.14%