The main distinction between a manufacturing company and a service company is that the former produces tangible items while the latter offers intangible ones.
What is tangible and intangible goods?A non-financial item that cannot be seen or handled is an intangible asset. According to Florence Bessette, Business Advisor at BDC Advisory Services, "Patents or goodwill are appropriate examples." Physical objects make up tangible assets. Land, structures, automobiles, furnishings, and equipment are some examples. Products with a physical aspect, such as clothing or household items, are referred to as tangible goods. Products that a business sells that are not physical in nature are referred to as intangible goods. Most frequently, digital goods like software and licenses are the most well-liked.
What is difference between tangible and intangible?An intangible asset is one that doesn't exist physically. Compared to a physical asset, it is more challenging to trade. A tangible asset exists physically. Comparatively speaking to an intangible asset, it is comparatively simple to trade.
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What aspects of manufacturing did James Watt’s invention change the most dramatically? (Select all that apply.)
the manufacture of household goods such as pots and pans
the time it took to get materials to workers and products to consumers
cottage industries such as spinning and weaving
the need to build factories close to running water
James Watt's invention changed the most dramatic aspects of manufacturing in terms of the time it took to get materials to workers and products to consumers, as well as the need to build factories close to running water. It did not have a significant impact on the manufacture of household goods such as pots and pans or cottage industries such as spinning and weaving.
need help with 1.2.3 multiview structure cards on PTLW
Multiview structure cards on Project Lead the Way (PTLW) are tools used to teach students how to read and create engineering drawings.
Why are Multiview structure cards important?Multiview structure cards are important because they help students learn how to read and create engineering drawings, a key skill in many engineering and design fields.
They provide a visual aid for understanding different views of a 3D object and their corresponding 2D representations. The cards include information on orthographic projection, dimensions, and symbols used in engineering drawings, and can be used in a variety of PTLW courses, including Introduction to Engineering Design and Principles of Engineering.
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Companies create a marketing strategy _____.
to identify the customers most likely to buy the product
to decide what information to share and how to share it
to find out how to make and keep customers happy
to help determine price points the market can bear
Companies create a marketing strategy A. "to identify the customers most likely to buy the product and to decide what information to share and how to share it".
What is Marketing Strategy?A company's marketing strategy is designed to reach and engage the target audience, i.e. the customers most likely to buy the product. To do this, the company needs to understand their needs, wants, and preferences and develop a message that resonates with them.
The marketing strategy also determines the channels through which the message will be communicated, such as advertising, public relations, social media, etc.
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How does a material's density relate to functionality?
O A.
Density relates to weight, which adds functionality.
OB.
Less density adds more flexibility in product function.
OC.
C.
Density determines the economics of a project.
O D. Density relates to weight, which impacts functionality.
The way a material's density relates to functionality is D. Density relates to weight, which impacts functionality.
How does this relate?Density relates to weight, which impacts the functionality of a material or product.
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For example, a material with a higher density would generally be stronger and more durable, but also heavier.
This could be beneficial for certain applications, such as structural supports, but may not be desirable for other products that need to be lightweight, such as airplanes or cars.
On the other hand, a material with a lower density could be more flexible and easier to shape, making it better suited for products that require more intricate designs or that need to be lightweight.
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