technology these days. There are number of small and medium companies using technology at lowest cost, which of the following factors led these developments? a. All of these O b. Wide usage of open source software O c. Improvement in technological environment

technology these days. There are number of small and medium companies using technology at lowest cost, which of the following factors led these developments? a. All of these O b. Wide usage of open source software O c. Improvement in technological environment

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter12: Queueing Models

Section: Chapter Questions

Problem 59P

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Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.

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