BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Johnny works for a company acquiring products. Which of the 7 functions is he a part of?
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Product and Service Management
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Selling
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Pricing
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Promotion
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Explanation:
Detailed explanation-1: -Product service management (sometimes product/service management) is the process of shaping a company’s offerings in response to demand stemming from market fluctuations. A product service manager (PSM) anticipates customer needs and then guides product development to meet them.
Detailed explanation-2: -Inventory is not a function of marketing.
Detailed explanation-3: -The three main phases of product/service management are new-product development, monitoring existing products, and elimination of weak products.
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