Group 2

Consumer products
use,safety,quality and
cost
{
-The consumer is the one who pays something to consume 
goods and services produced. As such, consumers play a vital
role in the economic system of a nation. Without consumer 
demand, producers would lack one of the key motivations to
produce: to sell to consumers. The consumer also forms part of
the chain of distribution.
Recently in marketing instead of marketers generating broad 
demographic profiles and Fisio-graphic profiles of 
market segments, marketers have started to engage in 
personalized marketing, permission marketing, and 
mass customization.[2]
Largely due the rise of the Internet, consumers are shifting
more and more towards becoming "prosumers", consumers
that are also producers (often of information and media on the 
social web) or influence the products created (e.g. by
customization, crowdfunding or publishing their preferences)
or actively participate in the production process or use
interactive products
-a product is anything that can
be offered to a market that might
satisfy a want or need.[1] In
retailing, products are called
merchandise. In manufacturing,
products are bought as raw
materials and sold as finished
goods. A service is another
common product type.
-take, hold, or deploy (something)
as a means of accomplishing a
purpose or achieving a result;
employ.
-describing an action or state of
affairs that was done repeatedly or
existed for a period in the past.
-the action of using something or
the state of being used for some
purpose.
-the condition of being
protected from harm or
other non-desirable
outcomes. Safety can also
refer to the control of
recognized hazards in
order to achieve an
acceptable level of risk
- has a pragmatic interpretation as the
non-inferiority or superiority of
something; it's also defined as fitness
for purpose. Quality is a perceptual,
conditional, and somewhat subjective
attribute and may be understood
differently by different people.
Consumers may focus on the
specification quality of a
product/service, or how it compares to
competitors in the marketplace.
Producers might measure the
conformance quality, or degree to which
the product/service was produced
-is the value of money that has been used up to
produce something or deliver a service, and
hence is not available for use anymore. In
business, the cost may be one of acquisition, in
which case the amount of money expended to
acquire it is counted as cost. In this case, money
is the input that is gone in order to acquire the
thing. This acquisition cost may be the sum of the
cost of production as incurred by the original
producer, and further costs of transaction as
incurred by the acquirer over and above the price
paid to the producer. Usually, the price also
includes a mark-up for profit over the cost of
production.
COMPARISON OF 2 PRODUCTS
 V
MEMBERS;

ABES,V.


CLARIN,MJ.


PATUASIC,J.


HANDAG,J.


TAN,J.


BABANTO,Y.


MORING,CJ.


SAGIAHON,NR.


EDULAN,J
 .