2) Services Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything‚ is called Service. Difference between Goods & Services There are various differences between goods and services but they can be classified on the basis of the following heads: 1) On the basis of Characteristics 2) On the basis of Offering 1) On the basis of Characteristics The goods and services‚ on the
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“Difference between Product and Service Market” Product: In marketing mix‚ product is very important elements. Product means the need satisfying offering of a firm. Service: A service is an intangible product that provides benefits to consumers and often involves human or mechanical effort. Service is also a deed performed by one party for another. Differences between Product and Service marketing: I think‚ there is nothing like a "pure product" or a "pure service" in actual life. Most
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return rate out of the whole company. Why is management necessary? Management is necessary because without managers there would be nobody to carry out the goals of the organization. There has to be someone that can relay the information from top level executives or board members down to the men and women of the organization that are striving to meet the organization’s goals. Management is also a necessity because of planning. Organizations are filled with
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MGT 2021-Principles of Management 1. Firms may be classified according to the mix of businesses owned by the firm. List and describe the major types of business mix. Four major types of business mix are: a. Concentration strategy A form of diversification strategy that focuses on a single business operating in a single industry segment. b. Vertical Integration Strategy A form of diversification strategy in a which a firm integrates vertical by acquiring business that are supply channels
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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the concepts of marketing Management‚ what would be your strategic plan in order to keep up the top position of Maggi. Answer: The main strategic plan in order to keep up the top position of Maggi are as follows: 2. Discuss the relationship between ‘Segmentation’ and ‘Positioning’. Explain the major criteria of Segmentation and Positioning. Quote sufficient examples to strengthen your answer. Answer: Market segmentation is a marketing strategy that involves dividing a broad target market
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Case 1: Cargo’s which have already left Antwerp port and on way to New York is being diverted to Halifax port in Canada due to strike in New York port. Now the route diverted will be Antwerp - Halifax by sea and Halifax - Chicago by road. (Antwerp to Halifax) (Halifax to Chicago by road) Case 2: Cargo’s which are waiting to leave from Antwerp port to New York now is being diverted to Houston port and from Houston port to Chicago is sent by rail.
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STRATEGIC MANAGEMENT AND ORGANIZATIONAL DYNAMICS Submitted By: Moiz Ahmed AHM 07396643 Submitted to : Anthony Henry‚ Martin Brown Martin Bowles [pic] INTRODUCTION In today’s world the complexities in business are increasing day by day and due to the torrential amount of uncertainty and change taking place it is becoming far more difficult for the companies to gain edge over their competitors. According
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INTRODUCTION A Shareholders’ Agreement is an agreement amongst the shareholders of a company. When a company is created‚ its founding shareholders determine how a company will be owned and managed. The Shareholders’ Agreement establishes rules to govern the relationship between two or more owners of a company. Without a shareholders’ agreement in place‚ the rules that apply are in the applicable corporate statute. The shareholders’ agreement creates an overlay that addresses issues created or left
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Case Study #3: Distribution Agreement Shed some light Raynonplus is a small‚ family-owned eyewear business located in Ottawa‚ Ontario‚ Canada. Started by Pierre Dupuis in 1952 under the name of Visionplus‚ the company has been exclusively owned and operated by the Dupuis family for over 50 years. Currently‚ the business—a sole proprietorship—is owned and managed by Gerald Dupuis‚ grandson of the original entrepreneur. The Dupuis’ changed the business name in 1957 to capitalize on a trend
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