Supply – Production, Creativity
By: Brent Stackhouse, MBA
Consultancy Firm Manager
AB, International Relations, William & Mary
MBA, Management, Troy University
The Stackhouse Agency, LLC
March 28, 2016
Products within a market impact the supplier and the level of economic exchange that occurs. As products are developed, action commences. The skills of the supplier, previous research, needed inputs, and specialization may all be implemented to provide some benefit to the marketplace or a betterment for the consumer.
The economic exchange and affiliated production is connected with creativity. Such creativity is a part of business and is often explained with distinctive terminology.
Action: The business has a purpose and action sustains its general purpose.
Impact: Production partly defines a company, and new products impact the choices and desires of consumers.
Increased Value: The inputs in aggregate may result in a product of greater value than the individual components.
Vision: Production allows a company to continue implementing its Vision for meeting future objectives.
Product differentiation & Product familiarity: A supplier provides value by offering specific products that garner some attention and provide a certain tangible or abstract benefit. A supplier provides value by subtly arousing the qualities of reliability, need, & validity.
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Representation of specific organizations is not implied.