A product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.
<h3>What is a group of products that are closely related?</h3>
- A collection of related products is referred to as a product line.
<h3>What is a group of products called?</h3>
- A group of related products made by the same company and sold under the same brand is referred to as a product family.
- A business may develop a product family to capitalize on the devoted following of its original brand.
<h3>What is product group?</h3>
- A set of departments, classes, subclasses, or things that are gathered together for a specific objective is known as a product group.
- SIM employs product groups for the following purposes to plan and carry out various stock count procedures (Problem Line, Unit, and Unit and Amount product groups).
<h3>What is product and types of product?</h3>
- Consumer products and industrial products are the two primary categories into which items are divided.
- Consumer goods are those that the final consumer buys for personal use.
- The customer buys these consumer goods to fulfill his own wants and requirements.
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If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is <u>Workflow analysis.</u>
<h3>What is workflow analysis?</h3>
Workflow analysis can be defined as the process of assessing an employee workflow so as to know their performance and to as well improve the employee efficiency leading to work productivity.
Companies tend to make use of workflow analysis so as to eliminate the work inefficiencies and improve efficiency.
Therefore If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is <u>Workflow analysis.</u>
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Answer:
c. lower the price of that item
Explanation:
If the revenues from a product begin to fall, most probably the product is entering the decline stage of its product cycle. In the initial stages of the decline stage, sales begin to drop.
When sales begin to drop, producers implement strategies to try and keep the product in the market for a longer time. One of the ways of maintaining sales is to offer reduced prices. A producer cuts prices to woe customers to continue buying the product.
Answer:
The correct answer is True.
Explanation:
An incident report is a tool that records any event that could cause injury to people or damage to company assets. It should include almost accidents, damage to property and equipment, health and safety issues, safety violations and misconduct in the workplace.
Incident reports could be used to discover potential risks and hazards in the workplace and to raise awareness about these problems. That is why it is important to add an analysis of the causes and effects of any incident to avoid similar situations in the future.
