Product line numbers might also show the other players in the marketplace how competitive the company is. In this context, the term‘marketplace’ means the same as ‘market’in its abstract sense. Competitive advantage Marketing executives believe that product lines give companies acompetitive advan...
Discover what logistics is & what it means for businesses. Learn more about the various types & processes with examples.
The future of retail: why unified commerce is no longer optional New research shows businesses using unified commerce platforms like Shopify POS see 22% better total cost of ownership and 20% faster implementation. Learn what this means for your retail strategy. Get the report ...
The terms packing and packaging are used synonymously but there is a certain amount of difference between the two. Packaging means covering the product itself so that it is protected from damage, leakage, dust, pollution, contamination etc. Examples – Chocolates packaged in thin sheet,...
Service products: offerings that provide value through intangible means. Why is it important to understand what a product is? Understanding what a product is helps a product manager or entrepreneur create and sell a successful product line that aligns with business goals and meets customer needs.SS...
3. The word prerequisite in “Make it a job prerequisite” means A. required as a prior condition B. going after C. prior to request 4. How does Gillette create its innovation culture?A. Put innovation at the heart of strategy, and persist it in every message.B. define jobs around ...
Historically, they have sometimes been at odds for one major reason: Procurement spends money, while finance focuses on profitability, which sometimes means finding ways to spend less.However, a strategic partnership between the two groups can benefit the business as a whole, partly because each ...
LINE prioritizes user privacy and security. All messages sent through LINE are encrypted, which means only you and the person you're communicating with can read what is sent. LINE also has a robust privacy policy and takes measures to protect user data. ...
The point of technology is to help us get things done faster and with less effort. This in turn means giving more to consumers for less, which leads to increasing social welfare. You might assume, therefore, that increased technological innovation would mean increased productivity. That’s exactl...
a consultant who performs one-on-one advice could productize the expertise used daily into a do-it-yourself-kit and sell that product. The productization process means each customer would get the standardized product or service offering. As a result, more products could be sold with less labor...