Importance of value added product has been discussed here. Concept Introduction: Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

What is meant by value added and why is that important? Provide an example of at least two value added products.

What is value add, non-value add and essential non-value add? Explain with the help of an example.

The trading partners (such as suppliers, distributors and logistics service providers) are not part of the value stream of an organization. True or False

Answer 2

Question

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Answer 6

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Answer 7

Chapter 1, Problem 2P

Summary Introduction

Interpretation:Importance of value added product has been discussed here.

Concept Introduction:Suppose there are two companies A and B in the market and holding the good reputation and produce trustworthy product for the customer. Customer buy both company product willingly. But after few days, A adds continuous effort and introduce good features product for the customer whereas B Company produce old specification product. The cost of both product produced by A and B Company are same. In this case, what will customer do? Definitely they will start buying product from the company A. Here, from the point of customer view the importance of value added product has discussed.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Prob. 3DQ Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ Ch. 1 - Prob. 6DQ Ch. 1 - Prob. 7DQ Ch. 1 - Prob. 1P Ch. 1 - Prob. 2P Ch. 1 - Prob. 3P

Solution Summary: The author explains the importance of value-added product, which refers to the difference in the overall value of goods and the cost of the materials and suppliers.

Want to see the full answer?

Chapter 1 Solutions