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13. How can companies ensure job satisfaction for their staff? Speak about quality of working life, perks and promotion prospects? (listening страница 18 №6)

Many companies are trying very hard to respect their staff and make their life more pleasant. For instance, they pay for taxes to bring the staff to work; provide some fresh food, drinks, cakes, subsidized meals, on-site massage, air-conditioning, competitions; increase salaries.

Promotion prospects: after about three or four years, depending on skills and results, a person can get a promotion and change his position in a company. (For example, from the operator to supervisor and eventually manager)

14. What are the terms when marketing can be approached? Speak about marketing mix.

Product is one of the famous ‘4 Ps’ of marketing (the others being Price, Place (i.e. distribution) and Promotion. In the past, when business people talked about ‘products and services’ the term product referred only to manufactured goods. Nowadays the distinction between a product and a service is increasingly blurred, so that a bank can offer ‘financial products’ and a manufacturing company can offer a service (e.g. customizing their products).

Price – The price is the amount a customer pays for the product. The price is very important as it determines the company's profit and hence, survival.

Promotion - represents all of the methods of communication that a marketer may use to provide information to different parties about the product. Promotion comprises elements such as:advertisingpublic relationspersonal selling and sales promotion

Place - refers to providing the product at a place which is convenient for consumers to access. 

15. What factors influence the developing of a new product?

When developing a new product, a company needs to take into account a wide range of factors:

  • the origin of any new product ideas: customers? sales staff?

  • the fit with the existing product line

  • manufacturing questions like: ‘How easy will it be to make this new product with our existing equipment?’

  • pricing, distribution and promotion of the new product.

The feasibility of new products depends very much on production and operations as well as marketing. If a product cannot be manufactured for a reasonable price then it cannot be sold for one.

16.What are the main stages in product development and designing?

Designing and developing a new product involves a number of different stages.

  1. Research: Market research to find out customers’ needs; technical and scientific research and development of a more fundamental nature (R&D); prioritizing research into different projects; lead time between starting a project and the product coming to market;

  2. Design: Deciding the specifications to include in the design brief (features, size, weight, materials, etc.); screening out poor designs and choosing the final design; limitations in the production technology available; designing for manufacture (an easy process will lower production costs and mean fewer defects); designing for ease of disposal at the end of the product’s life.

  3. Prototype: Deciding how many working models to build; coordination between marketing and production when evaluating the prototype; which to prioritize: speed to market or more time for a better product?

  4. Consumer tests: Choosing the target group for the test; deciding what to measure and how to measure it; modifying the prototype on the basis of the test results.

  5. Full production: Set-up of machines and machine tools; supply of materials and parts; run time (time taken for a batch of products to go through the process); estimating consumer demand.

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