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
Suppose a company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk. To acc
Andreas93 [3]

Answer: b. The duration of its liabilities must equal the duration of its assets

Explanation:

Since the company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk, then the duration of its liabilities must equal the duration of its assets.

It should be noted that when the duration of its liabilities is shorter than the duration of its assets, the duration gap is positive and when there's a rise in interest rate, the worth of assets will be affected more.

When duration of its liabilities is longer than the duration of its assets, the duration gap is negative and when there's a rise in interest rate, the worth of liabilities will be affected more.

Finally, when the duration of its liabilities is equal the duration of its assets, its equity is unaffected by interest rate risk.

7 0
3 years ago
What is the mean, to the nearest tenth, of the numbers 22, 22, 27, 29, 30, 34, and 38?
ICE Princess25 [194]
The answer is 28.9 because you add all the numbers together and divide by 7. The answer is 28.8 which rounds to 28.9.
8 0
3 years ago
A private university is made up of various "schools," such as the School of Journalism, the School of Business, the School of La
Oxana [17]

Answer:

The correct answer is D

Explanation:

SBU stands for Strategic business unit , it is a profit center whose focus is on the product offering and the market segment. It is usually have a marketing plan which is discrete, marketing campaign and analysis of competition, though it is a part of larger business entity.

So, the private university facing financial problems, they decided to become a profit center. Therefore, this scheme is parallel to SBU which is Strategic business unit.

6 0
3 years ago
With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 u
Dafna1 [17]
If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
5 0
3 years ago
9. Do you believe it is possible for a global company to simultaneously achieve the goals of global efficiency and integration,
Volgvan
<h2>The given statement is true.</h2>

Explanation:

Let us understand the term, "Global Company".

Any company which is known for its business world-wide is termed as "Global company".

The given statement in the question is true. Yes a global company can achieve everything listed.

Since the company is efficient, they can start business all over the world.

Definitely the can span across the world, only by first satisfying the need of the nation.

Surely they will be known for innovation, because the 21st century needs innovation and a company can be popular only if it shows innovating ability.

All the given achievement is possible to get fulfilled.

4 0
3 years ago
Other questions:
  • Dr. judd is convinced that psychological disorders result largely from stressful social situations rather than from disturbances
    14·1 answer
  • Managers often use a(n) _____ approach when making organizational decisions - using financial performance such as profit as the
    6·1 answer
  • 2. What is Amazon’s core business? Is AWS related to Amazon’s core business? Why or why not? Some investors are pressuring Jeff
    12·1 answer
  • In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?
    9·2 answers
  • A company uses a process costing system. It's welding department completed and transferred out 100,000 units during the current
    8·1 answer
  • With respect to marketing planning, the type of plan that tends to be very detailed in nature and typically covers a year or les
    9·1 answer
  • Kodak's film business didn't lose out to direct competitor Fujifilm; it lost out to Sony, Canon, and other digital camera makers
    15·1 answer
  • Say that transaction costs are high because there are many parties to a property use dispute. If the externality is caused by, s
    15·1 answer
  • Who knows who bk37613 is?
    8·2 answers
  • Costs that are shared by multiple cost objects in a company are known as ______ costs.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!