Voluntary exchange refers to an act of trading between individuals that makes both parties to the trade subjectively better off.

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

amm1812

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:

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3 0

1 year ago

The Taffy Trust is a simple trust. Sean is its sole beneficiary. In the current year, the trust earns $12,000 in taxable interes

algol [13]

Solution and Explanation:

a. Accounting income is computed below:

Taxable interest 12,000.00

Rental income 30,000.00

Long term capital gain 0.00

Long term capital loss 0.00

Fees 0.00

Less: depreciation -2,800.00

Trust accounting income 39,200.00

b. One half of fiducary's fee = 6500 divided by 2 = 3250. This amount will be allocated to accounting income of the trust.

Taxable interest 12,000.00

Rental income 30,000.00

Long term capital gain 4,000.00

Long term capital loss -1,100.00

Fees -3,250.00

Depreciation -2,800.00

Trust accounting income 38,850.00

3 0

3 years ago

Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and

hoa [83]

Answer:

The amount of goodwill that is recorded by Large is $5 million

Explanation:

Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.

Net assets in the sense implies the fair value of total assets less fair value of liabilities.

Fair value of total assets is $9 million

Fair value of liabilities is $3 million

As a result net assets upon acquisition is $6 million($9 million less $3 million)

Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).

The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition

8 0

3 years ago

Patel is writing a persuasive message introducing a new brand of detergent into the marketplace. Patel does not intend to encour

tekilochka [14]

Answer: Marketing.

Explanation:

A Marketing message is a message on a product passed across to it's target market, that highlights the positive qualities of that product, the message is intended to positively influence consumers to buy the product. Patel's message is a Marketing message to members of his target market.

6 0

4 years ago

For a qualifying relative to be claimed as a dependent, a person must either be related to the taxpayer, or be a member of the t

Burka [1]

Answer:

The correct option is (C)

Explanation:

To be able to claim somebody as a dependent, the person has to qualify 4 tests. They are:

Lineal descendant
Must live with the taxpayer for more than a year
Should be below 19 years or under 24 if a full time student
Cannot file return on their own.

If a person who is not a lineal descendant to be claimed as a dependent needs to be a part of taxpayer's household for 365 days (whole year).

In this case, taxpayer's cousin is not a lineal descendant. Rest of them (sister, father and son-in-law) are lineal descendants. So, cousin has to stay with the taxpayer for the entire year.

5 0

3 years ago