I need help with this question please

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

10 months ago

Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas

Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

July August September Total

Units to be produced 3500 4400 4900 12800

Direct materials per unit (ounces) 15 15 15 15

Production needs 52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs 72300 88050 101850 220350

Less: Beginning inventory 15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce $0.08 $0.08 $0.08 $0.08

Total purchase cost $4,524 $5,460 $6,384 $16,368

3 0

3 years ago

U.s. gdp excludes the production of most illegal goods. a. true b. false

Serggg [28]

I think the answer is true because it is the total value of produced and services provide in a given year

3 0

3 years ago

A consulting engineer has been engaged to advise a town how best to proceed with the construction of a 200,000 water supply rese

kozerog [31]

Answer:

Single stage construction

PW of Cost = $22,400,000 + 100,000(P/A, 4%, 25)

PW of Cost = $22,400,000 + 100,000(15.622)

PW of Cost = $22,400,000 + $1,562,200

PW of Cost = $23,962,200

Tow stage construction

PW of cots = $14,200,000 + $75,000(P/A, 4%, 25) + $12,600,000(P/F, 4%, 25)

PW of cost = $14,200,000 + $75,000(15.622) + $12,600,000(0.3751)

PW of cost = $14,200,000 + $1,171,650 + $4,726,260

PW of cost = $20,097,910

Conclusion: We should choose two stage construction as it has lesser Present worth of cost.

6 0

3 years ago

Beta LLC has decided to change its promotion and pay policies for technical people who do not wish to become managers. This will

daser333 [38]

According to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is recognizing the need for change.

<h3>What are the steps of the change process?</h3>

The change process involves the following steps:

Diagnosing the problem
Assessing the motivation or need and capacity for change
Assessing the resources and motivation of the change agent
Establishing change objectives and strategies
Determining the role of the change agent
Implementing the changes.

Thus, according to the comprehensive approach to change, the step of the change process that Beta LLC is operating in is recognizing the need for change.

Learn more about the steps of the change process at brainly.com/question/5689601

3 0

2 years ago