Production systems can be classified as Job-shop, Batch, Mass and Continuous production systems.
What is marketing mix 7 p’s
It’s called the seven Ps of marketing and includes product, price, promotion, place, people, process, and physical evidence.
What is Six Sigma in production and operations management
Six Sigma is a quality management methodology used to help businesses improve current processes, products or services by discovering and eliminating defects.
The goal is to streamline quality control in manufacturing or business processes so there is little to no variance throughout.
What are the channels of distribution
The three types of distribution channels are wholesalers, retailers, and direct-to-consumer sales. Wholesalers are intermediary businesses that purchase bulk quantities of product from a manufacturer and then resell them to either retailers or—on some occasions—to the end consumers themselves.
What is product decision
Product decisions revolve around decisions regarding the physical product (size, style, specification, etc.) and product line management.
Product decisions are based on how much the organisation has to adjust the product on the standardisation – adaptation continuum to differing market conditions.
What are the 4 selling strategies
The four basic sales strategies salespeople use are script-based selling, needs-satisfaction selling, consultative selling, and strategic-partner selling.
Different strategies can be used with in different types of relationships.
Who invented 7Ps of marketing
Who created the 7Ps marketing mix model? The 7Ps marketing model was originally devised by E. Jerome McCarthy and published in 1960 in his book Basic Marketing.
A Managerial Approach.
What are the 4 principles of branding?
- Brand Identity
- Brand Meaning
- Brand Response
- Brand Relationship
What are the 9 M’s of management
The nine fundamental factors (9 M’s), which are affecting the quality of products and services, are: markets, money, management, men, motivation, materials, machines and mechanization.
What are the 4 types of processes
The four types of process are projects, job shop processes, flow shop processes, andcontinuous flow processes.
What is customer value
Customer value is the perception of what a product or service is worth to a customer versus the possible alternatives.
Worth means whether the customer feels s/he got benefits and services over what s/he paid.
In a simplistic equation form, customer value is benefits – cost (CV = B – C).
How do you increase customer value?
- Improve the buying process
- Focus on brand perception
- Get customer feedback
- Make a unique product
- Provide a positive experience
- Prioritize quality over price
- Identify your strengths
- Adjust your marketing strategy
What is 5p quality
The 5Ps of leadership are listed as personal attributes, position, purpose, processes, and product.
You might also see the 5Ps applied to characteristics of success. These are passion, persistence, planning, people, and positivity.
What are the 5 smart goals
The SMART in SMART goals stands for Specific, Measurable, Achievable, Relevant, and Time-Bound.
References
https://www.sjf.tuke.sk/transferinovacii/pages/archiv/transfer/28-2013/pdf/036-038.pdf
https://www.investopedia.com/terms/d/demand.asp
https://journals.sagepub.com/doi/full/10.1177/2394964320903557
https://www.cleverism.com/create-brand-new-market/
