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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

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In 2021, Carson is claimed as a dependent on his parents' tax return. His parents report taxable income of $200,000 (married fil
serg [7]

Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.

<h3>What is tax liability?</h3>

Tax liability refers to the amount that a taxpayer is obliged to pay.

The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.

In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.

<h3>Data and Calculations:</h3>

Earned income = $14,000

Qualified Dividend income = $5,000

Adjusted taxable income = $6,450 ($19,000 - $12,550)

Tax liability = $645 ($6,450 x 10%)

Thus, Carson's tax liability for 2021 is $645.

Learn more about tax liabilities at brainly.com/question/7409145

4 0
2 years ago
Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on t
miss Akunina [59]

Answer:  Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

Explanation: Managerial accounting is the type of accounting under which the managers use the accounting estimates and make several assumptions to make decisions that can affect future results of business operations.

Under financial accounting recording, summarizing and presentation of data in a financial statement is done. It is used to keep track of the past transactions hence no assumptions are needed to make for important aspects.

8 0
3 years ago
Farmer and Taylor formed a partnership with capital contributions of $285,000 and $335,000, respectively. Their partnership agre
Montano1993 [528]

Answer:

Dr Income Summary $237,000

Cr Farmer, Capital $162,000

Cr Taylor,Capital $75,000

Explanation:

Preparation of the journal entry to allocate net income

Based on the information given in a situation where their partnership agreement calls for Farmer to receive the amount of $87,000 per year salary in which the remaining income or loss is to be divided equally among them which means that Assuming the net income for the current year is the amount of $237,000, the journal entry to allocate the net income is:

Dr Income Summary $237,000

Cr Farmer, Capital $162,000

($237,000-$75,000)

Cr Taylor,Capital $75,000

[($237,000-$87,000)/2]

8 0
3 years ago
Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
blagie [28]

Answer:

D.

Explanation:

Based on the scenario being described within the question it can be said that when allocating funds, the firm should probably assign the highest cost of capital to division Z because it is most likely the riskiest of the three divisions. This is because Division Z focuses on research and development which means that they might not actually discover or create something that can bring value to the company and is therefore highly risky.

4 0
3 years ago
Read 2 more answers
Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. To determine customer opini
Ganezh [65]

Answer:

E. Cluster

Explanation:

Cluster sampling is a type of sampling method in which the population under study is divided into different groups known as clusters before simple random samples are selected from each population clusters. The analysis of such population is carried out based on the sampled clusters.

This method is adopted when a researcher does not have access to the whole population under research.

Advantages of cluster sampling.

The research method only needs fewer resources.

The sample under review is feasible.

Note: Cluster sampling is not as accurate as simple or stratified random sampling.

3 0
3 years ago
Read 2 more answers
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