When a company uses its product wrapping to promote the preservation of an endangered animal species it is engaging in which practice?

When a business uses its product packaging to promote the preservation of an endangered animal species it is engaging in which practice?QuestionAnswerWhen a company uses its product wrapping to promote the preservation of an endangered animal species, it is engaging in an ethical practice calledcause packagingWhich activity is addressed in the product/service management function?Eliminating products that are slow sellers

Why is the quality level of a product important product service management decision?Quality is an important criteria for product and service management. An organization's identity is reflected in its logo. Protection for consumers is provided by it.

What is one way businesses use computer technology to obtain information to improve?ABWhat is one way businesses use computer technology to obtain information to improve their product/service mix?Tracking visitors to their web sites

When sales begin to level off because customers are purchasing a competitor's brand what strategy would be most appropriate to use?QuestionAnswerFive years after a new product has been introduced, sales begin to level off because customers are purchasing the competitor's brand. What strategy would be most appropriate to use in this situation?Modify the product to renew customer interest (adsbygoogle = window.adsbygoogle || []).push({});

Which activity is addressed in the product service management function group of answer choices?QuestionAnswerwhich activity is addressed in the product/service management functioneliminating products that are slow sellerswhen a company uses its product wrapping to promote the preservation of an endangered animal species its is engaging in an ethical practice calledprovocative branding

Which of the following is a way that business can extend the life cycle of an established product?QuestionAnswerwhich of the following is a way that a business can extend the life cycle of established productby finding new uses for the productwhy is the quality level of a product an important product/service management decisionit reflects the image of the business

Why should a business continue to monitor and establish product?The reason for continuing to monitor a product that has been around for some time. An organization's identity is reflected in its logo. The use of computer technology to locate information from which companies can improve their product/service mix can be characterized in one way.

What activity is addressed in the PSM function?QuestionAnswerWhich activity is addressed in the product/service management functioneliminating products that are slow sellersWhy is the quality level of a product an important product/service management decision?It reflects the image of the business (adsbygoogle = window.adsbygoogle || []).push({});

What is a reason that a business would make changes to its products?During a recession, businesses typically opt for several changes in product mix to meet changing customer demands. Having a product mix that does not reflect market demands may lead to the company failing to survive.

Why is the quality of a product an important product service management decision?Quality is an important criteria for product and service management. An organization's identity is reflected in its logo. Protection for consumers is provided by it. A product's functionality is its way of working.

What is one way businesses use computer technology?With computers and servers, businesses can store and sort millions of files for access at any time, and their data can also be stored in different ways, just like how they access it.

Why might profits sometimes decline for the company that first introduced the product during the growth stage of a product's life cycle group of answer choices?The company that introduced a product may sometimes suffer a decrease in profits during the growth stage of the etimes decline for the company that first introduced the product during the growth stage of a product's life cycle? There is an increase in profits. The intensity of competition decreases. (adsbygoogle = window.adsbygoogle || []).push({});

Why is the quality level of a product an important?Satisfied Customers Retain the loyalty of your customers by ensuring superior quality. High quality is crucial for retaining customers' loyalty. In order to be profitable and successful in the long-term, quality products are critical. Also, you can charge a higher price with them.

Which activity is addressed in the PSM function? Question Answer Which activity is addressed in the product/service management function eliminating products that are slow sellers Why is the quality level of a product an important product/service management decision? It reflects the image of the business

When a business uses its product packaging to promote the preservation of an endangered animal species it is engaging in which practice? Question Answer When a company uses its product wrapping to promote the preservation of an endangered animal species, it is engaging in an ethical practice called cause packaging Which activity is addressed in the product/service management function? Eliminating products that are slow sellers

Which activity is addressed in the product service management function group of answer choices? Question Answer which activity is addressed in the product/service management function eliminating products that are slow sellers when a company uses its product wrapping to promote the preservation of an endangered animal species its is engaging in an ethical practice called provocative branding

Which one way businesses use computer technology to obtain information to improve their product or service mix? A B What is one way businesses use computer technology to obtain information to improve their product/service mix? Tracking visitors to their web sites

Which of the following is a way that business can extend the life cycle of an established product? Question Answer which of the following is a way that a business can extend the life cycle of established product by finding new uses for the product why is the quality level of a product an important product/service management decision it reflects the image of the business

What is the quality level of a product an important product service management decision? Question Answer why is the quality level of a product an important product/service management decision it reflects the image of the business a business is behaving unethically if its products label contains misleading information brand or trade names are used primarily to identify a product

What is an activity you would find in the marketing function product and service management?A product/service mix can be developed, maintained, and improved by managing its acquisition, development, and improvement to meet market requirements. In order to understand more about product/service management, you need to have a good grasp of what these terms mean.

What does product and service management do? Designing, developing, and maintaining products and services throughout their lifecycles constitute product and service management. Operational activities, marketing activities, and sales activities are part of it.

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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.