An advertisement method used for promotion of products by companies through a non-traditional advertisement technique, usually through the medium of films, televisions or other such media. They are initiated through […]
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PRODUCT PLATFORM
A versatile product, common formula and design, which is the basis of a family of products. Similar to sales platform .
PRODUCT PRICE INDEX (PPI)
Price change indicators of bundles of raw materiels and unfinished goods as inputs over a certain period of time. PPI is regarded as a major indicator of the consumer price […]
PRODUCT RANGE
1. A set of distinctions of the same product platform which can address different market segments. 2. A complete product portfolio that is produced or marketed by a company.
PRODUCT RECALL INSURANCE
Insurance covering the cost engaged in recalling defective or possibly defectife products that an insured person makes.
PRODUCT RESEARCH
Identification of the charecteristics of a good or service in order to satisfy a recognized need or want.
PRODUCT SAFETY STANDARDS
A set of regulations to the design and production of consumer products to makes sure of the safety of consumer and to not represent any hazard. In the United States […]
PRODUCT SAMPLE
A method used to stimulate consumption by consumers. A free sampling of product are given to the consumer, enabling them access to the product before they are purchased. Such product […]
PRODUCT SPECIFICATION
An items required attribute in a written manner, documented in such a way that it aids its acquirement and yielding.
PRODUCT STEWARDSHIP
A detailed understanding and controll of the effects that a product has on the environment and other related aspects, throughout the course of its production cycle.
PRODUCT WARRANTY COST
In the event that the product is damaged, this warranty deems the product returnable and buyer either gets a refund or a replacement product.
PRODUCT WATER
Water that is processed and delivered to customers. The safety of the water is questionable.
PRODUCT-MARKET GROWTH MATRIX
A tool to increase the status quo market share of a company in the industry it functions. The main stratergies are market penetration , product development , market development and […]
PRODUCTIO SECTO
In old English law . Production of suit ; the production by a plaintiff of his sccta or witnesses to prove the allegations of his count. See 3 Bl. Comm. […]
PRODUCTION
is used in Scotch law to denote that a person is acting under a procuration ( power of attorney ) with reference to a tiling which has become his own […]
PRODUCTION CAPACITY
The volume of production by a manufacturing plant using the available resources in a specific time period .
PRODUCTION CONCEPT
A concept in management wherein buyers prefer goods and services that are low in value and available everywhere.
PRODUCTION CONTROL
The processes involved in the transformation of raw materials into the finished product through the handling of the varies assemblies.
PRODUCTION DEPARTMENT
A department of a firm that is primarily in charge of the manufacturing of products and services.
PRODUCTION ENGINEERING
It is the process by which production methodology is put in place. It includes planning, deliberation on the use of resources, evaluatin of prododuction efficiency, production tools used and controlled […]
PRODUCTION INTEGRATED ENVIRONMENTAL PROTECTION (PIEP)
A sustained decrease in byproducts, industrial waste and residues so as to protect land, soil, air and enviromental pollution.
PRODUCTION LEAD TIME
Time period after the goods are available for packing but before the receipt of an order. A high production lead time reflects low demand of a particular demand from the […]
PRODUCTION LOAN
A debt instrument used by production units to fianance the production cost. The repayment is linked to cash flow, which occurs by selling of the goods from the production unit.
PRODUCTION MANAGEMENT
Occupation which involves controlling different aspects of the production system by prescribing scheduling, cost, quality, etc.
PRODUCTION OF SUIT
In pleading. The formula, “and therefore he brings his suit,” etc., with which declarations always conclude. Steph. PI. 42S, 429.