3. Sridhar is planning to set up a book store in a popular complex in Lucknow. His prime idea of promoting this business is to reinstate the dimishing reading habits among the people of all age groups. The publication of books usually takes place in particular locations. Besides, he also a needs communication facilities so as to enable publishers , traders and consumers exchange information with one another. He is planning to take a loan of Rs.2 lakh from bank for his business. Moreover, he will be using facilities of cheque payment, online payment etc. for various transactions. Considering the fact that his business will involves various types of risks and must be protected against fire, theft and other risks.Also material and goods kept in stock or in transit are subject to the risk of loss or damage. At the same time, employees are also required to be protected against the risks of accident and occupational hazards. Furthermore, he needs to inform and persuade the target market about his business so as to promote his business.
In context of the above case:
(a) Identify the different auxiliaries to trade which Sridhar will require by quoting the relevant lines.
(b) Also, mention the type of utlity (hindrance removed) created by each of these auxiliaries to trade as identified in part (a) of the question.
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Answer:
Every product passes through different stages in its life cycle." - Illustrate the statement with an example.
Explanation:
When a product enters the market, often unbeknownst to the consumer, it has a life cycle that carries it from being new and useful to eventually being retired out of circulation in the market. This process happens continually - taking products from their beginning introduction stages all the way through their decline and eventual retirement.
But, how does the product life cycle actually work, and how can analyzing it help companies?
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Explanation:
sorry I didn't know guys
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