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 [...]
The different steps involved in process planning are: 1. Preparation of Working Drawing 2. Make or Buy Decision 3. Process Selection 4. Machine Capacity 5. Process and Equipment Selection Procedure 6. Selection of Material, Jigs, etc. 7. Preparation of Documents. Step # 1. Preparation of Working Drawing: A product is depicted by its drawing. A working drawing is a document [...]
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 [...]