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Functional products are staples that people buy in a wide range of retail outlets. Typically, they do not change much over time, have low profit margins, stable predictable demand and long life cycles. Innovative products, on the other hand, give customers additional reasons to buy. Fashionable clothes and personal computers are examples of innovative products. Innovative products have short life cycles, high profit margins, and volatile demand.
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Which is the main difference between perfect competition and monopolistic competition?
In monopolistic competition, sellers can profit from the differences between their products and other products.
What is the major difference between the worldwide functional divisions and international divisions MNC organizational structures?
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What is the difference between a production concept and product concept?
AnswerTo me the difference lies in what is being produced. A product conceptwould be an idea for an item or product. A production concept would be the concept conceived for creating the product.--------------------------------------------------------------------------------------------------------------Production Concept-consumers favor products that are available and highly affordable-improve production and distribution-also known as manufacturing conceptProduct Concept-consumers favor products that offer the most quality, performance, and innovative features
What is the difference between buyer and purchaser?
The difference between the two lies in who will benefit from the purchasingIndividuals who shop for products for the purpose of reselling them, such as retail clothing outlets and stores are generally referred to as buyers.Purchasers shop for products which are to be used by the company or organization employing them, they need to be negotiate the price, the delivery dates, and to have a good acknowledgement of the products.
What is a difference between marketing and retailing?
retailing is selling the products and services from one particular point and marketing is creating the demand for the products and services and then selling them in the market.
Difference between functional and conflict?
The difference between functional and dysfunctional conflict is that functional serves a purpose in the organization such as the interest and dysfunctional serves no purpose but to threaten the organization.
What is the difference between functional and decorative accessories?
the difference between functional & decorative, is that functional is when a certain accessory is actually used, while decorative is just for showing something
What is difference between functional group and molecules?
A functional group works
What is the Difference between innovative and imitative enterpreneurs?
difference btw innovation and creativity
What is the difference between functional region and perceptual region different?
What is the difference between functional and perceptual regions? i want my answere soon please and thank you
What are differences between innovative and imitative products?
Innovative products are unique and original, offering new features or technologies not seen before. Imitative products, on the other hand, replicate existing products with little to no differentiation, often aiming to capitalize on the success of others. Innovative products typically drive market evolution, while imitative products may struggle to stand out in a crowded market.
What is the difference between study of natural products and pharmacognosy?
at is the difference between natural products and pharmacognosy
Difference between functional and dysfunctional conflict?
Difference between the traditional /human relation and interactionist views of confilct
What is the functional difference between cock and valve?
The term cock and valve are used interchangeably in the English language. The term cock has in large been replaced with valve with no functional difference between the two.
What is difference between insuplast and vermiculite?
There is no difference between the two products.
What is the difference between functional health and the absence of disease?
Disease is any change from a state of health; impaired body function.
The difference between formal and functional regions is?
There is a major difference between formal and functional regions. Formal regions are huge areas that are characterized by many activities. A functional region is a region that serves other regions, like major cities serving rural areas.
