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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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which of the five common reasons why new businesses fail did morgan mention as a significant hurdle for acre landscaping that cr
katovenus [111]

Difficulty hiring and keeping good employees

They talk about it in the video

8 0
1 year ago
A company has a before-tax cost of common equity of 14%, a pre-tax cost of debt of 6%, a cost of preferred equity of 8%, and a m
enot [183]
Weighted average cost of capital = [Cost of equity * Proportion of equity] +[Cost of preferred stock * Proportion of preferred stock] +[Cost of debt *(1-tax rate)*proportion of debt]

Cost of equity =0.14

Proportion of equity = 75/150 = 3/6

Cost of preferred stock = 0.08

Proportion of preferred stock = 25/150 = 1/6

Cost of debt = 0.06

Tax rate = 0.34

Proportion of debt = 50/150 = 2/6

Weighted average cost of capital =[0.14*3/6]+[0.08*1/6]+[0.06 (1-0.34)*2/6]

Weighted average cost of capital = 0.07+0.013+0.0128 = 0.0958 = 9.58%
4 0
3 years ago
In the ethical decision making process, moral imagination is used by decision makers while ________.
lapo4ka [179]

In the ethical decision making process, moral imagination is used by decision makers while they consider available alternatives to make an effective decision.

<h3>Ethical decision-making process</h3>

It is essential that this process is guided by the company's set of policies and requirements, which are in compliance with legal norms and promote the development of organizational systems.

Therefore, decision makers need to identify the nature of the decision and the necessary information that will help to consider the available alternatives for the decision to develop possible resolutions and the assessment of the impact of their decision.

The choice of ethical decision must always be prioritized in favor of maintaining organizational transparency that generates greater reliability and positioning in the market.

Find out more information about decision making process here:

brainly.com/question/24864682

7 0
2 years ago
Refer to Exhibit 31-4. If a negative externality exists, then curve __________ represents the marginal social cost curve and the
IrinaK [193]

Answer:

Demand

Consumer interference

Explanation:

The social demand curve represents the benefit of demand to the whole society whereas the normal demand curve represents the benefits to the consumers only. The demand curve represents the social cost curve and the market failure is analyzed by the customer interference.

7 0
3 years ago
Finding both parties to a trade who have something the other party wishes to trade for is called a
inn [45]

Answer:

Double coincidence of wants

Explanation:

In a barter system, there has to be double coincidence of wants. This means that both parties to a trade who have something the other party wishes.

For example, if I have fish and I want  cereals which i don't have. you want fish but you don't have it but you have cereals. I could give you my fish and you can give me your cereals

8 0
3 years ago
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