Product line and product mix analysis : A product line extension is any fresh product brought to market that is in a similar product segment that the firm already introduces and markets. And a product segment is concerned set of products – likewise furniture, computer product, vehicles, and baby care products, healthcare, and so on. The most pr ....

A product line is a collection of products that are meticulously related because they function equally, are sold to similar customer groups, are marketed through similar types of outlets, or fall within provided price ranges. Although, an executive of the company is accountable for managing a specific product line, and, in doing so, he needs two ....

Product mix is a set of all products/services and items a particular seller offers for sale. It is also recognized as a product assortment. It is expanded, contracted, and modified depending on some factors including production capacity, profitability, demand, production costs, demand fluctuation, competition, objectives policy of the company, ....

The prodigious product advancement and maintenance is challenging for abundant businesses. It competently consists of amending the product lines to contest an evolution of the technology and market swings. At the identical duration, it necessitates internal organizational transformations to drive the functional distinction. Occasionally, the orien ....

Decision making analysis in risk assessment is a systematic, quantitative, and visual approach to addressing and comparing the critical selections that groups occasionally face. Some selections are associated with evaluating investments, allocating resources, or assessing mergers and acquisition proposals whilst a few are about introducing new ....

Product Line Analysis: Efficient product development and management for most of the organization is the utmost difficult task. It comprises adjusting the product lines to match the advancement of technology and market transformations. At a similar duration, it requires the internal organizational transformations to propel functional excellence. ....

In energetic markets, corporates must continuously announce new products and services to keep up with fluctuating consumer wants and needs. Innovative product generation comprises several stages and a great level of financial investment and has no promise of success. The marketplace is never stagnant: it is energetic and fast fluctuating, and the ....

Decision making is a process for solving the problem which acts as an integral part of the company management system aiming to improve the overall efficiency. The decision-making analysis in risk assessment is said to be helpful in taking best suited for taking right and best decisions. The decisions making is one of the core activities ....

A production line is a kind of manufacturing system in which products stopover at different workstations in a stable sequential order. There are various industries where production lines can be seen, for instance, the food industry, household goods, automotive industry, paper industry, and semiconductor manufacturing. The term production include ....

Risk assessment describes the overall process to identify hazards and risk factors that have the potential to cause harm. Analyze evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Determine appropriate methods to remove the hazard, or control the risk when the hazard cannot be eliminated. A risk assessment is ....