5 items | 1 visits
OBM Vocab GREGORY STRAUBINGER Student: Daniel Luna
Updated on Aug 06, 14
Created on Aug 06, 14
Category: Schools & Education
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Jobs or tasks consisting of one or more elements or subtasks, performed typically in one location.
Operations transform resource or data inputs into desired goods, services, or results, and create and deliver value to the customers. Two or more connected operations constitute a process, and are generally divided into four basic categories: (1) processing, (2) inspection, (3) transport, and (4) storage.
The creation of products with new or different characteristics that offer new or additional benefits to the customer.
Product development may involve modification of an existing product or its presentation, or formulation of an entirely new product that satisfies a newly defined customer want or market niche.
The management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P's of marketing:
(1) identification, selection and development of a product,
(2) determination of its price,
(3) selection of a distribution channel to reach the customer's place, and
(4) development and implementation of a promotional strategy.
5 items | 1 visits
OBM Vocab GREGORY STRAUBINGER Student: Daniel Luna
Updated on Aug 06, 14
Created on Aug 06, 14
Category: Schools & Education
URL: