Low price and product features - operation strategy, Operation Management

Assignment Help:

Low Price and Product Features - Operation Strategy

Low price 

The ability of the operations system to satisfy the customers' requirements more cost-effectively (and by implication at lower price) than competitors. Virgin Atlantic captured a significant segment of the cross-Atlantic air-travel market by providing customers with a low-priced service. 

Product features or performance  

The extent to which a product or service offers more features or otherwise out-performs the offerings of competitors. Companies such as Porsche, Rolex and Hilton Hotels compete on these order winners.


Related Discussions:- Low price and product features - operation strategy

Explain what is the annual holding cost, Your company manufactures turbine ...

Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units. It costs you $

Explain is the value of the educational programming, Is the value of the ed...

Is the value of the educational programming provided to hospitals and schools worth the price of the commercial messages that accompany it?

The sales manager of a company making automotive pumps, • Summarize how thi...

• Summarize how this chapter is of value to two of the following individuals: o A new business owner of a residential and commercial carpet cleaning service o The executive d

Concept of trade off in business strategy, Concept of Trade off in Business...

Concept of Trade off in Business Strategy The trade-off concept was first introduced by Skinner (1969,1974) who carried out a large study of successful American manufacturing

Explain rent-a-car liable for the injuries to the plaintiff, U.S. v. Farraj...

U.S. v. Farraj contended that he transmitted information, not goods. Do you think that position is correct? Q2) Phillips v. Budget Rent-a-Car Answer the question Is Budget Rent-a-C

Why a small business owner consider the demographics, Why should the small ...

Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are

Explain increasing the use of inside information, Which of these justifies ...

Which of these justifies regulation within capitalism? Preventing price-fixing and monopolies Encouraging oligopolies Increasing the use of inside information Supportin

Explain the type of material handling systems, Describe the type of materia...

Describe the type of material handling systems used in warehouses?

Productivity -numerically defined, Productivity -Numerically Defined T...

Productivity -Numerically Defined Total factor productivity (TFP) = Pt = Ot/(L+C+R+Q)  Partial factor productivity (PFP) = Ot/L or C or Ot/a combination of  inputs   Pt

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd