Products may be classified as:- 1. Convenience Goods 2. Shopping Goods 3. Specialty Goods 4. Industrial Goods. Type # 1. Convenience Goods: Convenience goods such as cigarettes, candy bars, blades, magazines etc. All these items are found clustered around the checkout stand of food stores, and food, of course, is usually a convenience good. Convenience goods are placed so that [...]
After reading this article you will learn about:- 1. Meaning of Product Development 2. Procedure for Product Development 3. Principles. Meaning of Product Development: A product is an article obtained by the transformation of raw material and is marketed/sold by the manufacturer, i.e., a product is a salable item. It may be a consumer product such as cigarettes, televisions or [...]
This article throws light upon the three main types of process planning. The types are: 1. Manual Process Planning 2. Automated Process Planning 3. Generative Process Planning. Type # 1. Manual Process Planning: This type of planning is known as man-variant process planning and is the commonest type of planning used for production today. Planning the operations to be used [...]