Difference between revisions of "Product"

Revision as of 19:20, 27 August 2020

Product

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-In [[The Personal MBA|The Personal MBA]] a ''product'' is defined to be one of the [[Twelve standard Forms of Value|Twelve standard Forms of Value]] (Form of Value #1 of 12)
+Product
-=Key Points:=
-* Product-oriented businesses need you to:
-** Create something tangible that people want.
-** Produce it as inexpensively as possible while also having an acceptable quality.
-** Sell as many units as possible, at the highest price possible for the market.
-** Keep an inventory to deal with future orders.
-* There are many kinds of products, like durable products, or consumable products, or even not physical products (think MP3).
-*Products can be [[Duplication|duplicated]], [[Multiplication|multiplied]], and therefore they [[Scale|scale]] better than other forms of value.
-=Questions for Consideration:=
-* Does delivering value as a product make sense for your business idea?
-* If so, what do you need to plan for to make it successful?
-Source: http://book.personalmba.com/product/
 [[Category:mbi]]