- What is better product or service?
- What is a product width?
- How does a product mix differ from a product line?
- What is a product item number?
- What is product mix and product line example?
- What are the examples of products?
- What is a product line depth?
- What are the product mix decisions?
- What is a product item?
- What is product range with example?
- What is type of product?
- What is a product line strategy?
- What are 2 main sources of new product ideas?
- What are the 4 types of product?
- What are IT products and services?
What is better product or service?
Products are easier to scale.
The further removed you are from a service, the less effective it will become.
So the better way of defining a product versus a service is that you’re looking to create something for which you can eventually be hands-off and it will still work..
What is a product width?
Product Width: refers to number of separate product lines offered by a company. For example, the product width of Toyota may be 3, one each for product lines of sedans, pick-ups and SUVs. Product Depth: refers to the number of sub-categories within a product line.
How does a product mix differ from a product line?
All the products a given company produces comprise the product mix, or product assortment. A product line would be a group of these products associated by function, by consumer group, by distribution channel or by price range.
What is a product item number?
Item identification numbers (item numbers) are used to uniquely identify items that you carry in inventory. Some companies will call them “part numbers”, “model numbers”, “product codes”, SKUs, etc. … Retail products and big companies often use long and complicated numbers for their item numbers.
What is product mix and product line example?
A product mix is a group of everything a company sells. However, the product line is a subset of the product mix. A product line refers to a unique product category or product brand a company offers. For example, Patanjali deals in different categories of products which include shampoo, flour, toothpaste, etc.
What are the examples of products?
A product can be physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and nondurable goods (such as food and beverages). Virtual products are offerings of services or experiences (such as education and software).
What is a product line depth?
product line depth: Product line depth refers to the number of products in a company’s specific product line.
What are the product mix decisions?
These are: width, length, depth, and consistency. The first of the product mix decisions refers to the product mix width. The width is all about the number of different product lines the company carries. … A car manufacturer may have several series in its car product line, such as 3-series, 5-series, and 7-series.
What is a product item?
A product item is a specific version of a product that can be designated as a distinct offering among an organization’s products. … Product mix width refers to the number of product lines an organization offers. Product line depth is the number of product items in a product line.
What is product range with example?
Examples of a product range can include a peanut butter maker, offering its peanut butter in a variety of similarly priced versions of crunchy, creamy, and no added sugar peanut butter.
What is type of product?
Types of Products – 6 Major Types: Differentiated Product, Customised Product, Potential Product, Core Product, Actual Product and Augmented Product.
What is a product line strategy?
A product line strategy is a coherent approach to advance related products. It guides managers to improve the performance of their products and services, and to avoid disjointed actions and investments. A good strategy will respond to change, whether major disruptions or incremental.
What are 2 main sources of new product ideas?
Sources of new product ideas include company employees, customers, competitors, outside inventors, acquisitions, and channel members. Both solicited and spontaneous ideas may emerge from the sources, and some even occur by accident.
What are the 4 types of product?
Marketers usually classify consumer products into these 4 types of consumer products:Convenience products.Shopping products.Speciality products.Unsought products.
What are IT products and services?
A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. … In fact, a majority of products carry with them an element of service. For example, when a consumer.