Definitions
Explain
Identify
Guess that strategy
Describe
100
Product Life Cycle
What is the cycle through which every product goes through from introduction to withdrawal or eventual demise
100
Who is responsible for managing products/services
What is the Product Service Manager
100
Ways that the use of technology impacts the product/service management?
What is communication, target markets, customers
100
Jake is trying to find a specific age group that his merchandise will appeal to.
What is Target market
100
How can a company extend a products life cycle?
What is coming out with new additions
200
Define Growth (in terms of the product life cycle)
What is an increase in the demand for a particular product or service over time.
200
Explain the benefits of product/service managing
What is offers products consumers want and company’s profits increase,or developing the right products, a company gains new customers
200
Stages of the product life cycle
Introduction, Growth, Maturity, Decline
200
Charles is creating awareness and comunication between consumers for his product that will be released at a certain date.
What is Advertsing
200
Factors affecting product/service managing?
What is customer needs ands wants, company goals and strategies, cost, availability, competition
300
Define Decline (in terms of the product life cycle).
What is the fourth and last stage of a product's life cycle, characterized by fast declining sales revenue and fewer customers.
300
Give one of the phases of product/ service managment
What is introduction, growth, maturity, and decline
300
How technology is used in market testing?
What is tv, internet, social media
300
Casey is determined to see specific things that her company needs to do.
What is Goals and objectives
300
What are ethical issues associated with changing a product’s quality?
What is Purpose, promise, consequence, principle
400
Define Product Service Management
What is managing a service product across its complete life cycle.
400
Give one of the factors that affect product/service management
What is Customer Needs and Wants, Company Goals and Strategies, Cost and Available Resources, Competition, Product Itself, Government Regulation, Stages in Life Cycle, Business, and Economic Trends
400
How technology is used in product labeling and packaging?
What is Design, distibution, storage, sales
400
Nick is trying to manage a product throughout its whole product life cycle.
What is Product service managment
400
What are ethical issues associated with failing to inform customers about product risks?
What is Complaints, customer losses, decline in buisness
500
Define Maturity (in terms of the product life cycle).
What is the longest period in the life cycle of a firm, industry, or product, during which sales peak and start to decline.
500
What role does product/service management in marketing?
Affects positioning of the product, improves product success, and gives the product a image
500
What are ethical considerations in product packaging?
What is Product safety, good impressions
500
James is looking and finding factories and outlets where his product will be produced and served.
What is Distrubution and production
500
How is planned obsolescence an ethical issue for businesses?
What is Profitable, customer wants
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