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Product Usage
In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a domestic or an international market to satisfy the desire or need of a customer. In retailing, products are often referred to as Merchandising, merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A Service (economics), service is also regarded as a type of product. In project management, products are the formal definition of the Product breakdown structure, project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production (economics), production process. Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability. Product classification A product can be classified as tangible asset, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intangible Asset
An intangible asset is an asset that lacks physical substance. Examples are patents, copyright, exclusive franchises, Goodwill (accounting), goodwill, trademarks, and trade names, reputation, Research and development, R&D, Procedural knowledge, know-how, organizational capital as well as any form of digital asset such as software and data. This is in contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). Intangible assets are usually very difficult to Valuation (finance), value. Today, a large part of the corporate economy (in terms of net present value) consists of intangible assets, reflecting the growth of information technology (IT) and organizational capital. Specifically, each dollar of IT has been found to be associated with and increase in firm market valuation of over $10, compared with an increase of just over $1 per dollar of investment in other tangible assets. Furthermore, firms that both make organizational capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry
The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor vehicles. It is one of the world's largest industry (economics), industries by revenue (from 16% such as in France up to 40% in countries such as Slovakia). The word ''automotive'' comes from the Greek language, Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Ambrose Sperry, Elmer Sperry (1860–1930), first came into use to describe automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers pioneering the Brass Era car, horseless carriage. Early car manufacturing involved manual assembly by a human worker. The process evolved from engineers working on a stationary car to a conveyor belt system where the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturer Part Number
A part number (often abbreviated PN, P/N, part no., or part #) is an identifier of a particular part design or material used in a particular industry. Its purpose is to simplify reference that item. A part number unambiguously identifies a part design within a single corporation, sometimes across several corporations. For example, when specifying a screw, it is easier to refer to "HSC0424PP" than saying "Hardware, screw, machine, 4-40, 3/4" long, pan head, Phillips". In this example, "HSC0424PP" is the part number. It may be prefixed in database fields as "PN HSC0424PP" or "P/N HSC0424PP". The "Part Number" term is often used loosely to refer to items or components (assemblies or parts), and it's equivalent to "Item Number", and overlaps with other terms like SKU (Stock Keeping Unit). The part design versus instantiations of it As a part number is an identifier of a part ''design'' (independent of its instantiations), a serial number is a unique identifier of ''a pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from Generic brand, generic or store brands. The practice of branding—in the original literal sense of marking by burning—is thought to have begun with the ancient Egyptians, who are known to have engaged in livestock branding and branded slaves as early as 2,700 BCE. Branding was used to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron. If a person stole any of the cattle, anyone else who saw the symbol could deduce the actual owner. The term has been extended to mean a strategic person ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dyson (company)
Dyson Limited, Trade name, d.b.a Dyson, is a Singapore, Singaporean–United Kingdom, British multinational technology company. Founded in 1991 by James Dyson in Malmesbury, England, the company designs and manufactures Home appliance, household appliances such as vacuum cleaners, air purifiers, hand dryers, bladeless fans, HVAC#Heating, heaters, hair dryers, and lights. As of 2022, Dyson has more than 14,000 employees worldwide. In 2019, Dyson moved the headquarters from the United Kingdom to Singapore to be closer to its manufacturing and supply-chain hubs and Asian customer base. History Early years In the 1970s, James Dyson bought a The Hoover Company, Hoover Junior vacuum cleaner, which lost suction after a period of use. Frustrated, Dyson emptied the disposable paper bag to try to restore the suction but this had no effect. On opening the bag to investigate, he noticed a layer of dust inside, clogging the fine material mesh. Later, Dyson was working on his ballbarrow at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark (designation)
The word ''mark'', followed by number, is a method of designating a version of a product. It is often abbreviated as Mk or M. This use of the word possibly originates from the use of physical marks made to measure height or progress. Furthermore, by metonymy the word mark is used to note a defined level of development or a product (business)#Product model, model number. The kind of products that use this convention vary widely in complexity. The concept shares some similarities with the ''type'' designation (in hardware), also called ''software versioning'': 1.0+ (1.1, 1.12, 2.0, 3.0, etc.), used to designate general software product releases, and other version control schemas. Thus designations like "Mark I", "Mark II", "Mark III", "Mark IV", etc. come to be used as proper names for persons and products. Application ''Mark'' refers to a mark on the modification plate of a system, component or machine. Modification plates are used to identify which modifications have already b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NIGP Code
The NIGP Commodity/Services Code is an acronym for the National Institute of Governmental Purchasings' Commodity/Services Code. The NIGP Code is a coding Taxonomy (general), taxonomy used primarily to classify products and services procured by state and local governments in North America. The classification system was developed in the mid-1980s as a result of efforts by public procurement officials in Texas, Oklahoma, Florida, Illinois and other states, cities and counties to provide a mechanism to classify the products and services that used in public procurement. Led by Homer Forrestor, the Director of General Services in Texas, the group produced the initial codeset in 1983. The copyright for the data file was transferred to the National Institute of Governmental Purchasing (NIGP), an organization founded in 1944, and the NIGP Code was born. The NIGP Code is now the standard taxonomy for classifying commodities and services for 33 states and thousands of local entities within ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North American Industry Classification System
The North American Industry Classification System or NAICS () is a industry classification, classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada, Mexico, and the United States dollar, United States of America. It has largely replaced the older Standard Industrial Classification (SIC) system, except in some government agencies, such as the U.S. Securities and Exchange Commission (SEC). An establishment is typically a single physical location, though administratively distinct operations at a single location may be treated as separate establishments. Each establishment is classified as an industry according to the primary business activity taking place there. NAICS does not offer guidance on organizing enterprises (companies) composed of multiple establishments. Codes The NAICS numbering system employs a five or six-digit code at the most detailed industry level. The first five digits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ... between an insurance policy holder and an insurance , insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auto Insurance
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as vandalism, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. History Widespread use of the motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This meant that injured victims would rarely get ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
