BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Looking at the following sentences can you identify which is a Weakness?
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Overseas demand for product
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Falling number of customers within specific age group
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Making a profit
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Poor quality goods
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Explanation:
Detailed explanation-1: -Weaknesses could be issues with the product’s quality, missing features, issues with your customer service, a poor design, a non-competitive price tag, and so on. While product managers are often aware of these pain points, they may sometimes be blind or oblivious to some of them.
Detailed explanation-2: -Weak customer service Good customer service retains existing customers and attracts new ones. If a company has poor customer service, they’re likely to force their customers into using a competitor’s services instead. This leads to decreased market visibility and financial viability due to lower profit margins.
There is 1 question to complete.