Market Life Cycle - the period of time that a substantial segment of the buying public is interested in purchasing a given product or service form. Market Penetration Pricing Strategy - if near term income is not critical and rapid market penetration for eventual market control is desired, then you set your prices very low. Net Profit - total revenues less total expenses. Net Worth - assets minus liabilities. Partnership - a legal relationship between two or more individuals to conduct a specifically defined business.
Examples are screws, bolts, transistors, printed circuits, electric motors, forgings, castings, etc.
The service is traditionally provided at the customer's enterprise. The service is traditionally provided at the servicer's enterprise. Examples are airline services or a parcel delivery service like Federal Express. Production Capacity - the volume of products or services that can be produced by an enterprise using current resources. The technology may be integral to the product or service being offered or it may be used in the production of the product or service.