What value means to their customers do they need to revisit, Operation Management

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What value means to their customers do they need to revisit

1. What is a product. Describe and give an example of each type of the following consumer products: Convenience products, Shopping products, Specialty products and Unsought products. Please respond in a 150 words or more. Need answer asap.

2. Once organizations refresh their understanding of the competitive forces and what value means to their customers, do they need to revisit their business strategies? Do they need to do that before they pursue IT solutions?

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