source : sarthaks.com
‘Hayaram’ is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, – Sarthaks eConnect
The variables that are discussed in the question are as follows:
(i) Product: Product refers to anything of value that is offered to the market for sale. Product mix deals with all decisions related to product such as decisions related to features, quality, size and brand, packaging, labelling of the product. The concept of product also include the extended product or what is offered to the customers by way of after sale services, handling complaints, availability of spare parts etc. “Their products include chips, biscuits, sweets and squashes”.
(ii) Price: Price is the amount of money, which the customers have to pay to the seller in lieu of the product or service provided. Price mix refers to important decision relating to the price charged for a product, service or idea like objectives of price setting, factors, discount policy, credit terms, etc.
“It charges a comparatively higher price than its competitors…”.
“It offers regular discounts to its customers and easy credit terms to its retailers.”
(iii) Place/Physical Distribution: Place or physical distribution mix includes activities that are involved in transferring the ownership to customers and to make the product available at the right place at the right time. It involves decision regarding modes of transportation, channels of distribution and inventory maintenance. “It has five of its own retail ships”.
“It also sells its products through various grocery stores”
(iv) Promotion: This element deals with informing and persuading the customers regarding the products. Promotion mix refers to the decisions relating to persuading customers to buy the product. Advertising, personal selling, sales promotion and public relation are different tools of promotion.
“It regularly uses different communication tools to increase its sales.”
Types of Production System | Production Management – Roarwap – These products are produced on a small scale. The production flow is intermittent (irregular). In other words, the production flows are not continuous. In this types of production system, large varieties of products are produced.The process may take place spontaneously in some cases or may be induced by the excitation of the nucleus with a variety of particles (e.g., neutrons, protons, deuterons, or alpha particles) or with electromagnetic radiation in the form of gamma rays. In the fission process, a large quantity of energy is released, radioactive products areproduces a large variety of products will produce a smaller quantity of each. A company that produces a single product will produce a large quantity. Define manufacturing capability. Manufacturing capability refers to the technical and physical limitations of a. manufacturing firm and each of its plants.
nuclear fission | Examples & Process | Britannica – Answer to A large quantity and large variety of products are produced inA.repetitive focus.B.process focus.C.product focus.D.massThe basic difference between product and process layout is that in a product layout, the machines, material and other facilities are placed as per the order of processing. It is often used when the production is to be performed on a large scale whereas in process layout is a type of plant layout wherein like machines are grouped in a single department.Process Focus Design Product Focus Design • Small quantity and large variety of products are produced • Large quantity and small variety of products are produced • Operators are broadly skilled • Operators are less broadly skilled • There are many job instruction because each job changes • Work orders and job instructions are few as they are standardized • Work-in-process is high compared to output • Work-in-process is low compared to output • Raw material inventories high
MME2601 ch1 Flashcards – Cram.com – Green Company sells its product for $11,000 per unit. Variable costs per unit are: manufacturing, $6,000; and selling and administrative, $125. Fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative. There was no beginning inventory at 1/1/10. Production was 20 units per year in 2010 – 2012.Hayaram' is a famous chain selling a large variety of products in the Indian market. Their products include chips, biscuits, sweets and squashes. It charges a comparatively higher price than its competitors as it sells quality products. Besides, it offers regular discounts to its customers and easy credit terms to its retailers.Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology. Mass production facilitates the efficient production of a…