Product Classification, Design, and Development
Product Classification at the United Nations
International Standard Industrial Classification (ISIC)
The International Standard Industrial Classification of All Economic Activities (ISIC) is the international reference classification of productive activities. Its main purpose is to provide a set of activity categories that can be used for the collection and reporting of statistics according to such activities.
Central Product Classification (CPC)
The Central Product Classification (CPC) constitutes
Read MoreUnderstanding Work Motivation: Drivers and Factors
Work Motivation: An In-Depth Look
Work motivation is what drives individuals to complete actions and achieve goals, whether for personal or group interests. Several key reasons fuel this drive:
- Power: The desire to control and influence, often leading to a search for positions of prestige.
- Economic Satisfaction: Fulfilling various needs through financial means.
- Transcendental: Concerns about transcendent, religious, or philosophical foundations.
- Social: An interest in improving societal conditions.
- Scientific-
Strategic Management: Intensive, Integration, Diversification & Defensive Strategies
Strategic Management Approaches
Alternative Strategies
Intensive Strategies
- Market Penetration: Increase participation of current products or services in existing markets.
- Market Development: Introduce current products or services into new geographic areas.
- Product Development: Increase sales through improvement or modification of current products or services.
Integration Strategies
- Forward Integration: Control distributors, including establishing websites for direct sales.
- Backward Integration: Increase
International Marketing: Key Concepts and Strategies
International Marketing: Key Concepts
Defining Marketing (AMA)
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.Defining International Marketing (AMA)
International marketing is the multinational process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual
Warehouse and Inventory Management: Types, Costs, and Strategies
Warehouse and Inventory Management
Storage Types
- Workshop: Suitable for subsistence and storing items most useful in the workshop.
- Official Service: In addition to consumption, this store is for foreign sale of spare parts.
- Parts: A company specifically dedicated to supplying spare parts for clients and workshops, without its own workshop.
- Manufacturer: Corresponds to products made by vehicle or component manufacturers.
- Recambista: Supplying spare parts to government departments or warehouses.
Level of
Read MoreKey Metrics and Strategies for Digital Marketing Success
1. Identifying Qualified Users for a Company
Indicators of user qualification:
- Behavior: User is looking at pricing plans.
- Nationality (language): User’s language preferences.
2. Understanding DAU, WAU, and MAU
- Daily Active User (DAU): The number of users who interact with your page in one day.
- Weekly Active User (WAU): The number of users who interact with your page in seven days.
- Monthly Active User (MAU): The number of users who interact with your page in thirty days.
3. Churned Users
A churned user is
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