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[starbox] What is a technologically advanced method that allows businesses to produce products that are specialized for a very few customers?MKT Unit 3.01. Which technological tools help employees simultaneously access the same information about a business's products?Product Service Management. What is product and service management?Product service management (PSM) is a marketing function that focuses on improving a product or service in response to market changes. It involves an ongoing evaluation of their features in order to improve or modify the items as required.
Why is the quality level of a product an important?Product quality is important because it affects the success of the company and helps establish its reputation in customer markets. When companies can create high-quality products that continue to meet customer demands, it can lead to fewer production costs, higher investment returns and increases in revenue.
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