Professional Documents
Culture Documents
Test 3
Examples of intangible products insurance, shares, bonds
Examples of consumer durables washing machines, refrigerators, cars
Examples of primary products copper, sugar, cereals, minerals
What is JIT in terms of company strategy?
JIT refers to just in time delivery, an inventory strategy to increase efficiency,
reduce inventories, decrease waste and costs by receiving goods only when they
are required.
What makes a product great? Write down the three main characteristics that
makes a product great:
- It should be easy to use
- It should solve a problem or fulfill a need
- It should be functional / practical (and make your life easier)