Explain the equation quality +service =price
Q: What are primary differences between products and services? Give illustrations of the differences…
A: A product can be defined as anything that we can offer to a market for attention, acquisition, use…
Q: 3 basic objectives considered when addressing Cost recovery issues.
A: Organization cost is the money the organization spends on activities like planning, organizing, and…
Q: What is cost-of-service pricing? What is the relationship between value-of-service pric- ing and…
A: Cost service Pricing - It is the type of pricing which is related with the various things and use…
Q: Draw a goods and services spectrum, and determine where to place the following products along the…
A: The goods and service spectrum which is used to describe where to place the following products are…
Q: Explain how you would classify Netflix's service and give two justifications for your classification
A: A business is an entity formed when group of people come together to achieve a certain goal. This…
Q: suppose your business is rental cloth collection, explain specifically the markets competitive…
A: Rental cloth collection is business where the cloth are provided for rent to the user for a…
Q: charateristics of a transport business and characteristics of a drinks business
A: Introduction: In general, the term business refers to an activity where the buying and selling…
Q: Read the given scenario and answer the following. Use separate heading to answer each point. The…
A: Managing supply chain management is central to any or all industries. A supply chain is incredibly…
Q: Ellie Jackson is upset by the new transfer pricing system recently implemented at Monson Company. As…
A: Transfer pricing is nothing but an accounting exercise or practice that indicates the amount that…
Q: Give TWO recommendations to prevent both high returns and short deliveries for a bakery company.
A: Whether it is a bakery business or any other business the ultimate aim of the business and efforts…
Q: Explain why is the inventory turnover ratio of a business desirable
A: The turnover ratio is the number of days in which an item is used and refilled during a given…
Q: Find an example of another good or service that is priced like automobiles or airline seats and…
A: Price is the monetary value that a customer is supposed to pay in exchange for buying a product or…
Q: Please provide examples of three products with independent demand and three products with dependent…
A: The demand patterns which I would use to control the forecast are: Quantitative Method: Quantitative…
Q: Transportation adds value to products by providing _____ and ______ utility: Select one: a. Price…
A: Transportation, the movement of goods or persons from place to place by various means like road,…
Q: Identify the factors that would impact the demand for the product at a grocery store
A: As grocery is the daily food item it has low involvement of customers to decide on the purchase.…
Q: Describe the product Package of Primer Inc. by Identifying the tangible and intangible (service)…
A: Primer Inc, may be a company that builds machines to accelerate our understanding of the planet by…
Q: Relative to customer service, explain why it is suggested that we “under- promise” and…
A: "Under- promise" and "over-deliver" is a strategy where you serve the customer more than you have…
Q: Write A. Product/Services that delivers value: B. Value proposition statement: Of CIMB BANK
A: The products and services offered by companies to their customers aim at solving customer problems…
Q: Which cost drivers and/or value drivers are important for creating superior total economic value for…
A: Nestle corporation: Nestle corporation is the largest food corporation in the country. It deals with…
Q: Please only answer D-1 and D-2 Assume that Painless Dental Clinics, Inc., offers three basic dental…
A: Given data: Particular Cleaning Filling Capping Price per unit (A) $400 $680 $1,550…
Q: Adapt the three categories of service strategy: overall cost leadership, differentiation, and focus……
A: Organization follow different strategies that helps in improvement of the system
Q: analysis for the cheapest EV car in the US, the Nissan Leaf against its closest gas engine…
A: With the increase in awareness and diplomacy about global warming the demand for environmentally…
Q: As the vice president of a supply chain, you have been tasked to design the transportation network.…
A: A transport network, or transportation network is a network or diagram in geographic space,…
Q: Suppose that you have a service business such as house painting. Describe how you would use…
A: Cost plus pricing is used to determine the price of an offering. Cost plus pricing simply adds a…
Q: For each supply chain driver, managers must make tradeoffs between Select one:
A: For each supply chain driver, managers must make tradeoffs between
Q: What is the difference of price and cost? From (a) point of view of a customer; and (b) point of…
A: Cost On their financial accounts, some corporations will report the complete cost of manufacturing a…
Q: Why is a managerial decision that needs to be made on the desired value of at least one measure of…
A: In businesses, a measure of service level is the rating given to the kind of services being…
Q: List of weakness of the purchase system and recommendation of the purchase cycle system in based…
A: Purchase system - This is a part of the inventory management of an organization which is helpful in…
Q: Define the following terms. Tourism Product Actual Demand Customer Value
A: Marketing has become a vast sector. There are a number of offerings that an organization is giving…
Q: How does the dual nature of the physician's role as both advisor and provider support the demand…
A: A physician's dual nature as an adviser and a provider supports the demand-inducement hypothesis.…
Q: Value proposition, revenue model and competitive environment are three examples of elements of a…
A: IT administration organizations know their supported technologies, security, distributed computing,…
Q: How does external service value lead directly to satisfied customers?
A: External services value refers to the function including two different techniques 1) Techniques…
Q: IS. The following are determinants of demand for transport service except: (a) Amount of lead time…
A: Transport demand is about the development of individuals and products and we go to fulfill a need…
Q: cost-plus pricing in developing an estimate for a potential customer.
A: Cost plus pricing is used to determine the selling price of an offering. A markup is added to the…
Q: Finally, what strategies will you adopt at different stages of your product/service life cycle and…
A: Product life cycle consists of four stages:1. Introduction stage2. Growth stage3. Maturity stage4.…
Q: The three major categories that comprise cost of goods manufactured are a. Material, labor, and…
A: The cost of goods sold is the direct cost of producing goods that are sold by the company. It…
Q: List down five (5) end-products & services of the Fourth industrial Revolution and give brief…
A: Fourth industrial revolution is the outcome of advanced technological upgradation in the computing…
Q: Should prices reflect only the cost of making a product or delivering a service? Explain
A: The price of a particular product must definitely reflect the delivering of services. The details…
Q: Define upgrade and downgrade
A: ANSWER: UPGRADE : It is a mechanism converting of shared lock into exclusive lock.It An refers to…
Q: Describe the quantity discount model and demonstrate how to utilise it
A: A discount is an expansion in a buyer's capability that results in a reduced cost per unit of stock…
Q: Describe life cycle costs and the value of the life cycle cost method?
A: A system calculating the entires the cost which is incurred on the right of product is known as the…
Step by step
Solved in 2 steps
- Describe the goods–service continuum?Competitive Dimensions include I. Delivery Reliability II. Location III. Brand IV. Quality V. Price Option I and III Option I and IV Option I, IV and V Option II and IVExplain the trade offs that are involved in deciding on whether to offer a product or service guarantee.
- . Understanding the value effects of service price, i.e. how the service price leads to economic success for the provider.The recommendation of the CEO of advantages and risks of Samsung galaxy companyQ#01: How customer use or dispose of products, exemplify your own personal experience of using and disposing of product? Also explain the equation Quality + Services=Price?
- 1-Service variability meaning it's cannot be stored for later sale or use. Agree Disagree 2-The style is a larger concept than design. Agree Disagree 3-Undifferentiated marketing = Mass marketing. Agree DisagreeExplain the service Quality Gap Model?What aspects of a product or service design make it attractive?