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Re-Written Differences Between the Commonwealth Bank of Australia and Yakult

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Re-Written Differences Between the Commonwealth Bank of Australia and Yakult

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Yakult- Yakult products are tangible products in the form of probiotic milk. This differs from the Commonwealth Bank who offer a financial service which is intagible. Yakult's products can be stored which differs from the Commonwealth Bank whos financial service cannot be stored. Yakult offer Low levels of customer interaction while their probiotic milks are being produced. The Commonwealth bank of the other hand offers a high level of customer interactions while their service of financial advice is much to do with their customer's individual needs. Takult offer a product which is suited for a wide variety of the general public and are not suited...

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Yakult- Tangible product which can be stored. Low levels of customer interaction while being produced. Suited for a variety of the public rather than customised to specific customers.

This differs to the common wealth bank....

Commonwealth Bank- Intangible product as a service cannot be stored as a financial service. customised to suit specific customer needs. High level of customer contact during production of the financial service.

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one difference between Yakult and commonwealth bank is the occurrence of consumption. Yakult's production occurs separately to its consumption as the drink is storable and customers are able to drink the fermented milk whenever they want whereas the commonwealth bank's service is produced and consumed simultaneously.

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I don't understand...
I'm still confused about...

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one similarity between Yakult and the commonwealth bank is customer contact. Yakult's fermented milk has a low degree of customer contact as its production occurs separately to its consumption whereas The commonwealths bank has a high degree of customer contact as it is a service.

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a similarity between commonwealth bank and Yakult is that they are both customised to suit customer needs.

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A similarity between both manufacturing and service business is that it aims to optimise their operations to reduce high quality output at a low cost or production, Yakult wants to produce the best fermented type of milk at a low cost and the commonwealth bank wants to optimise their production at the bank the most efficiently.

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One difference between manufacturing and service business is the tangibility of their products. While service businesses, such as commonwealth bank, produce an intangible service such as financial services, manufacturing businesses such as Yakult, produce tangible products like a yogurt drink.

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Production and consumption occur simultaneously, There is a high degree of customer contact during production, the outputs that are produced are intangible and cannot be stores. Services are usually customised for specific individuals.

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Manufacturing Business:
-  the consumption of the goods occur at a seperate time to their production
- low degree of customer contact
- the outputs are tangible
- the outputs can be stored
- standardised goods
Service Business:
- production and consumption occur simultaneously
- high degree of customer contact
- outputs are intangible
- not able to be stored
- outputs customised to suit individual customer needs

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Yakult and commonwealth banks characteristics 

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Yakult and commonwealth banks characteristics 

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tangible- can be touched
low level of customer contact
no customisation to suit specific needs

Commonwealth bank
intangible
high level of customer contact
suits specific needs for customers

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5 characteristics of companies

- tangibility
-occurence of production and consumption
- storability
- consistency
- customer contact

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the health professionals and technology needed fo

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one difference between Yakult and commonwealth bank is the occurrence of consumption. Yakult's production occurs separately to its consumption as the drink is storable and customers are able to drink the fermented milk whenever they want whereas the commonwealth bank's service is produced and consumed simultaneously. 

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one difference between Yakult and commonwealth bank is the occurrence of consumption. Yakult's production occurs separately to its consumption as the drink is storable and customers are able to drink the fermented milk whenever they want whereas the commonwealth bank's service is produced and consumed simultaneously. 

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one similarity between Yakult and the commonwealth bank is customer contact. Yakult's fermented milk has a low degree of customer contact as its production occurs separately to its consumption whereas The commonwealths bank has a high degree of customer contact as it is a service.

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- low degree of customer contact
- low degree of customisation
- the product is tangible

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Yakult- Tangible product which can be stored. Low levels of customer interaction while being produced. Suited for a variety of the public rather than customised to specific customers.

Commonwealth Bank- Intangible product as a service cannot be stored as a financial service. customised to suit specific customer needs. High level of customer contact during production of the financial service.

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Yakult - Tangible, can be stored, low level of customer contact, not customised to suit specific customer needs

Commonwealth Bank - Intangible, cant be stored, high level of customer contact, customised to suit specific customer needs

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Yakult has a low level of customer contact, tangible products and Yakults product can be stored

Commonwealth Bank has high level of customer contact, the occurrence of production and consumption occur simultaneously and there services are consistent

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Yakult: tangible, low degree of customer contact, can be stored, mass production occurs, production and consumption occurs at separate times

commonwealth bank: can't be stored, high level of customer contact, intangible, services are customised to suit individual needs.

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Manufacturing Business:
-  the consumption of the goods occur at a seperate time to their production
- low degree of customer contact
- the outputs are tangible
- the outputs can be stored
- standardised goods
Service Business:
- production and consumption occur simultaneously
- high degree of customer contact
- outputs are intangible
- not able to be stored
- outputs customised to suit individual customer needs