Honorary Mentions - ... • 10m
Question for Medial Community— "Who are Your Customers and Consumers?" What's the Difference? While the terms "consumer" and "customer" are often used interchangeably, they have distinct meanings in the business world. - Customer: A customer is an individual or business that purchases goods or services from a company. They may buy the product for themselves or someone else. In essence, a customer is involved in the transaction. - Consumer: A consumer is the end user of a product or service. They are the ones who actually use or consume what has been purchased. A consumer might not always be the one who bought the product. Example: Imagine a parent buying a toy for their child. In this scenario, the parent is the customer because they made the purchase, while the child is the consumer because they are the one playing with the toy.
Learning | Earning • 1y
Once upon a time, students used to install Byjus and when they signed up, they were given an easy test. After sometime, someone from Byjus would call the parent of the child who took the test, and will tell the parent how smart he/she is and that t
See MoreTo be enterpreneur • 4m
Can someone please tell me ...how and what are ways by which I can make my products on amazon get sell faster. I mean how to reach a large audience in very minimal or low cost but with large reach. I sell child toy and household and kitchen items o
See MoreStartup Energy • 8d
The customer doesn’t care whether your product is “AI-Powered” or not. But what they do care about is if your product can solve the problem they have and help them achieve the result they want. Nothing else matters if your product can help them accom
See MoreDaily Learnings... • 5m
Yesterday I wrote about What is Product Management? Today, we will know about what are the different types of PM roles 1) Internal PM: These product managers are sometimes part of a team called internal tools or something similar. They and their te
See MoreHey I am on Medial • 1y
Understanding consumer risk As a business, managing consumer risk is crucial to ensuring long-term success. Consumer risk refers to the possibility of customers defaulting on payments, returning products, or complaining about services. This can have
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