1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grandymaker [24]
1 year ago
12

Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or

service mix in response to.
Business
1 answer:
amm18121 year ago
3 0

Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.

A company's offers are shaped through the process of product service management, also known as product/service management, in response to customer demand brought on by changes in the marketplace. A product service manager (PSM) foresees consumer needs and then directs the creation of products to address them.

Discovering new product opportunities, maintaining current products, and getting rid of items that have turned into liabilities are all part of product service management. advantages

The following are some advantages of product service management:

  • Provides customers with things they desire to buy, hence improving a business's earnings.
  • With novel and cutting-edge items, it can increase the number of customers
  • When products are properly managed, there is less risk of failure and more potential for success.

The market opportunity is unrealized market potential that enables companies to take advantage of untapped markets.

Learn more about Product/service management here:

brainly.com/question/28598560

#SPJ4

You might be interested in
9 48. The stages of human development are: 1.Clear and distinct 2.Varied from person to person 3.Easily navigated 4.Only physica
Alchen [17]

Answer:

2. VARIED FROM PERSON TO PERSON

Explanation:

7 0
3 years ago
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 a
iren2701 [21]

Answer:

In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

Sales Budget fist 2 quarters of the year

Product  Sales Price  Sales Q1 Sales Q2  Total gross sales

XQ-103     $14             22,590    27,710      $704,200

XQ-104     $27             14,880    16,200      $839,160

                                                                     $1,53,360

4 0
3 years ago
What did business leaders promise hoover they would do to help the economy?
densk [106]
What business leaders promised Hoover they would do to help the economy is to <span>keep factories open and stop slashing wages. However, they did not keep their promise, to nobody's surprise. </span>
5 0
3 years ago
Please help me out with my question
telo118 [61]

Answer:

B. $8293.75  

Step-by-step explanation:

<em>On first $9 225:</em>

Tax =     $9225 × 0.10 = $  922.50

<em>On next $28 225: </em>

Tax = $28 225 × 0.15 =   4233.75

<em>On last $12 550</em>:

Tax = <u>$12 550</u> × 0.25 = <u>  3137.50 </u>

        $50 000             $8293.75

This isn't exactly the same as on your answer key.


4 0
3 years ago
Read 2 more answers
Brief Exercise 24-01 Wildhorse Company uses both standards and budgets. For the year, estimated production of Product X is 565,0
laiz [17]

Answer and Explanation:

The computation is shown below:

a. The standard cost is

Fo material

= $1,243,000 ÷ 565,000 units

= $2.20 per unit

And, for labor it is

= $1,638,500 ÷ 565,000 units

= $2.90 per unit

b. The budgeted cost would be remian the same as the total cost i.e. $1,243,000 and $1,638,500

Hence, the same would be considered and relevant

6 0
2 years ago
Other questions:
  • KaiLynn has total job benefits of $41,000 per year in her sales job. She pays $63 each month for a cell phone for work. She is a
    5·1 answer
  • Prepaid items on financial statements
    13·1 answer
  • Floor plan loan is a type of short-term loan to finance high priced inventory in which the purchased inventory is placed as coll
    7·1 answer
  • Suppose you want to have $400,000 for g retirement in 25 years. Your account earns 8% interest. How much would you need to depos
    7·1 answer
  • Jane bought a $3,000 audio system and agreed to pay for the purchase in 10 equal annual installments beginning one year from tod
    7·1 answer
  • The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
    6·1 answer
  • A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:
    12·1 answer
  • The following table shows the assets and liabilities of the Chang family in 2007 and 2008.
    13·1 answer
  • Not to sure abt my ans.. i need some confirmation lol
    9·1 answer
  • If a call option has a $10 strike price, and the underlying stock is trading at $11, then the option is considered: a. in the mo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!