Final goods and services refer to goods and services that have been purchased for final use and that cannot be resaled.
The term 'degrees of newness' is associated with degree of design change. How much the design changes that much newness comes in it.
Smoke alarms are also necessary in public places like banks, theaters, rest rooms, aeroplanes,...
Antrix Corporation Limited (ACL), Bengaluru is a wholly owned Government of India Company under the administrative control of the Department of Space. Antrix Corporation Limited was incorporated as a private limited company owned by Government of India in September 1992 as a Marketing arm of ISRO for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO. As the commercial and marketing arm of ISRO, Antrixis engaged in providing Space products and services to international customers worldwide.
Quality assurance (QA) is a way of preventing mistakes and defects in manufactured products and avoiding problems when delivering solutions or services to customers.
In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.
For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.
The purpose of safety stock is to control the likelihood of a stockout due to the variability of demand during lead time. Stockouts contribute to the direct loss of any type of business.
Fixed cost per unit increases when production volume decreases. The fixed cost per unit does not always remain the same. Fixed cost per unit increases when production volume decreases and vice versa.
Sales promotion uses both media and non-media marketing communications for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability.
Sales promotions include Coupons, Rebates, Free Samples, etc... Online Ads come under advertising form.
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