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In marketing, the formal product is the actual product - what you actually receive. Compare this to the core product, which is the benefit/utility derived by the consumer. A watch can be used as an example. The formal product could be whether the watch is leather or metal, battery-operated, etc. The core product would be the more abstract reasoning as to selecting a watch: status appeal, knowledge of time, style/fashion, gifting, etc.
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∙ 11y ago
Richardson Mensah
A formal product refers to a product that has been designed, produced, and distributed according to established standards and regulations, typically in a systematic and structured manner. This helps ensure quality, consistency, and reliability in the product's performance and functionality.
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What is formal economy?
A formal economy is an official economy, as recognized by the government and baised on paid employment
What is the formal arrangement to limit the production of a product?
Cartel
Are formal statements of expected product performance by the manufacturer?
Warranties
What is a formal request to buy a product from a vendor and bill it to a business?
You ask them for a quotation in writing.
What is the formal the poem or the poetry?
there is no more formal then both because actually, poetry is the art of making poems... now POEM is the product of poetry.. POET is the one who makes poem.
What does a production designer?
a product designer basically designs consumer/medical, etc. products for everyday use. the formal name for a product designer is and industrial designer
What do production designers do?
a product designer basically designs consumer/medical, etc. products for everyday use. the formal name for a product designer is and industrial designer
Define the Core Formal and Augmented elements a product?
Core Product refers to the part of the product that has the core bnefits and is mostly related to the core comptences of the business. For instance, Honda manufactures engines whihc are their core product. COre products are later used for developing products for end-user consumtion. Honda's engines are used for developing cars, and household machinery. This additions are the augmented elements of the product, which bring a further benefit to the use of the particular product.
What is cumulative constitution?
One which is a product of growth or a long period of development originating in customs, traditions, judicial decisions, etc., rather than from a deliberate and formal enactment
Is the international red cross a formal or informal group?
it is an informal group
Differene between formal and non-formal agreement?
Differene of formal,informal and non-formal education
What is informal economy?
The Informal Economy is the part of the economy that is not taxed, monitored by any form of government, or included in any Gross National Product (GNP), unlike the formal economy.
