have a monopoly of the market
1. The quality of the product or service compared to competitors in the area 2. The price you are charging for the product or service (compared to the quality of the product and service) 3. How easy it is to get the product or service, so the place that it is found or if there is any public transport e.g bus , train. 4. promoting your business so that people are aware of the product or service that you are offering. 5. leave a good impression.
Monopolies. Legal ones. The Electric company, The Gas company, etc. Also a patent can be an influence a market owned and offering a service or product that no one else does. ForresterCA
A service is an intangible act that a business or person performs for a customer, such as mowing a lawn. A product is a tangible item, such as clothing.
Differentiation strategy and an overall cost leadership strategy are an example of porter's generic model. Differentiation strategy : where the product or service have unique attributes than its competitors that are valued by its customers. Cost leadership strategy : where the cost producing of the product of service is less than its competitors delivering the same quality.
Customer service representatives is important for the business because they provide all kind of information regarding the product and services.
a monopoly
The concept of the business is the idea that comprise of the basic information about the business. For example, the product or service, target market, demographics, unique selling proposition, competitors etc.
product and service in your life cycle
Business employees are not directly related to the quality of a business product or service
Based on the many competitors a business has one may justify prices of products based on many reasons. these may include demand of product or service. if a product is in high demand consumers will pay the asking price just to have it. Quality of product or service, consumers want quality and will pay good money for it...if competitors off goods/services at a lower cost, if you hold a higher standard of product or service prices will be justified
1. The quality of the product or service compared to competitors in the area 2. The price you are charging for the product or service (compared to the quality of the product and service) 3. How easy it is to get the product or service, so the place that it is found or if there is any public transport e.g bus , train. 4. promoting your business so that people are aware of the product or service that you are offering. 5. leave a good impression.
A monopoly is when a single company controls the supply of a product or service in a market, while a monopsony is when a single buyer controls the demand for a product or service in a market.
Yes.Selling any product or service is a business.Tailoring is a service business.
Monopolies. Legal ones. The Electric company, The Gas company, etc. Also a patent can be an influence a market owned and offering a service or product that no one else does. ForresterCA
individual who speaks on behalf of a product or service and whose name becomes associated with the product or service.
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Operation manager is the one who controls the entire process to meet the obligations of his/ her business to acquire a major role in the market by offering a very good product or service to the customers/client's