Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 1, Problem 5DQ
Summary Introduction

Interpretation:Is pure good and pure service exist.

Concept Introduction:Product are manufactured for the need of customer and try to fulfill all his demand like high quality at low cost. Market aim is to satisfying the customer and provide the product to fulfil the customer need but they also think about their own profit. Cost of product include labor cost, material cost, capital, machine cost, electricity, government tax. So it not possible to produce the product by neglecting product cost but it is possible to provide service to the customer without selling the product.

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