Answer:
By Focusing on Key Performing Indicators (KPIs)
Explanation:
Having large amounts of data has its <em>advantages</em> with give entities competitive advantages over rivals. These include the ability to satisfy a market need and establish changing trends in demand.
However, some firms <em>get lost in large data</em> and this is because of overwhelming amount of information and failure to focus on their industry`s Key Performance Indicators (KPIs).
As long as the marginal benefits are higher than the marginal costs you are better off continuing the activity.
Consider the example of eating pizza. Each slice of pizza gives you happiness and helps fill you up (marginal benefit), but each slice also has lots of calories and fat (marginal cost). As long as you are still hungry and getting enjoyment from eating, you should keep eating. But once you reach the point where you are too full then you should stop, because the costs now outweigh the benefits.
Answer:
The correct option is E,product marketing and supply chain preparation
Explanation:
This last stage in product development process addresses the issues in last stage in the customer's purchase decision process, post-purchase evaluation.
In order for customers to perceive the product as been a perfect fit for their needs, their issue around maintenance , repair and warranties must be adequately addressed which is a justification for them to come back for repeat business.
Also, it is noteworthy that the consumers are not only purchasing the physical products but also the services after purchase known as augmented or extended product
Stop to see what’s the problem and it you can help in any way
