which of the following is not to be considered while selecting a productorservice?
Answers
following are needed exept them no needed
Explanation:
Supply-gap: The size of the unsatisfied market demand which constitutes a source of business opportunity will dictate, to a great extent the need to select a particular product.
Fund: The size of the funds that can be mobilized is another important factor.
Availability of and Access to Raw Materials: Different products require different raw materials
Technical Implications: The production process for the product needs to be considered. There is a need to know the technical implications of the selected product on the existing production line, available technology, and even the labor force.
Profitability/Marketability: Most often, the product that has the highest profit potential is often selected.
Availability of Qualified Personnel: Qualified personnel to handle the production and marketing of the product must be available. The cost of producing the product must be kept to the minimum by reducing wastages.
Government Policies: This is quite often an uncontrollable factor. The focuses of government policies can significantly influence the selection of the product.
Government objectives: The contributions of the product to the realization of the company’s short and long-range objectives must be considered before selection