Marketing refers to the process of market research for the product, creation of the product, price, supply, proportion to the customer feedback & services
What is the market test? Market test: In the world of advertising and business, a market test can be defined as a short-term geographical area or demographic grouping used to evaluate the profitability of a particular product or service in a specific market before a broad-scale roll-out. This enables businesses to plan their: Therefore, before … Read more
Supply Chain Definition Supply chain management is termed as managing the flow of products and services that starts from origin and finishes with the product’s consumption by the customer. It further includes the movement/transport and storage of goods like raw materials, work in progress and full furnished goods. What is Supply Chain Management? 6. After … Read more
Introduction of Product Hierarchy Example Product hierarchy example is a part of marketing that explains how a product can be categorized using different tools. Knowledge of what happens under this head, we will start with the basic terms to get in-depth knowledge. What is the product? A product is any tangible object which can be … Read more