Differences Between Jit and Traditional Method

This process aids creators in understanding the mindset of the people being provided a product or service, whether it is the supported or generally disliked or by the consumers. Doing research and understanding

This is applied research where a knowledge development objective is the end result (Blanche & Durrheim, 1999: 41).

On the other hand, introducing a product to any market will have significant costs, such as research and development, raw materials, and other production expenses. In most cases, products in the introduction stage of the product life-cycle have negative or low profits until they reach the growth stage due to low sales and high distribution and advertising expenses. To turn a profit, money is needed to find the right distributors to build inventories. The only question is how much cash is worth sinking into the product, but the disadvantage is it is hard to tell if a product is worth it without the proper research and trial and error, which is costly.

| * A need to have a certain product * Consumers will search until that product is found * Need products that stand out from others * Customers have problems making decision so the company will have to try to make that decision easier for them

To determine and discuss the teams design area and project associated with it, for the completion of the remaining team reports.

to simply identify variations in product costs and pinpoint the variation directly to the source. This helps the company keep control of the company’s costs and expenses. This assists in keeping profits relatively steadily.

This is often the stage where a firm has to remarket the product or brand in order to keep it alive and keep profits relative to sales. Eventually, there is a decline in the sales (Peter & Donnelly).

Experimentation methods can be used to develop a product by testing whether their product awareness increases after certain campaigns, different packaging or new products are released. This will help change the product over time into something they public prefer.

Russell, R. S., & Taylor,B. Operations and Supply Chain Management,8th Edition. Wiley, 2013-12-02. VitalBook file.

Products tend to go through different stages, each stage being affected by different competitive conditions. These stages require different marketing strategies at different times if sales and

covering the objectives listed above. While this lab shows you how to create and use

They attract people from many areas of continuum so I can test my ideas and if something is not working they can assist me to fix it.

As we all know, products are bought in the market only because it possesses a certain value for

To create innovative products that celebrate the individuality of our consumers and ourselves in a responsible and profitable way.

It gives the consumer an alternative to buy products that have still not saturated the market.