who optimizes the value of the product?
530470
The Product Owner is responsible for maximizing the value of the product resulting from the work of the development team. Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D.
830848
['Products being sold are identical.', 'All sellers are equal.', 'New companies can easily enter the market.', 'Consumers set the price of products by what they are willing to pay.']
952910
['seeking reliable vendors or suppliers to provide quality goods at reasonable prices.', 'negotiating prices and contracts.', 'reviewing technical specifications for raw materials, components, equipment or buildings.']
180567
['Recognize the problem.', 'Develop product specifications to solve the problem.', 'Search for and evaluate possible products and suppliers.', 'Select product and supplier and order product.', 'Evaluate product and supplier performance.']
1072065
['forecast levels of demand for services and products.', 'conduct research to ascertain the best products and suppliers in terms of best value, delivery schedules and quality.', 'liaise between suppliers, manufacturers, relevant internal departments and customers.']
619407
None, the workings of supply and demand have control over market price. What is the relationship among the types of products that sellers sell in a perfectly competitive market? The goods or services being sold must be nearly the same. Why is agriculture considered an example of perfect competition?
1214612
Three factor affect the quantity demanded of a product: appeal, availability, and price.
1337293
A monopolist will maximize profit by producing the level of output at which the marginal revenue equals the marginal cost. Given that the marginal...
637113
This market system, sometimes called the price mechanism, performs two important functions: price determination and resource allocation. The market system determines the prices paid for goods. In any market buyers and sellers communicate with each other.
885822
This equation tells us that if the price is P0, CS is maximized when the quantity sold is on the demand curve at P0—that is, when all consumers whose willingness to pay is greater than or equal to P0 participate in the market.
1149898
In maximizing profit a firm will always produce that output where total revenues are at a maximum. In the short run a competitive firm will always choose to shut down if product price is less than the lowest attainable average total cost.
964617
['Function. A product can be sold if it meets the needs of the consumer and as such the product must be designed to meet such needs. ... ', 'Reliability. ... ', 'Maintainability. ... ', 'Producibility. ... ', 'Simplification. ... ', 'Product standardization and variety reduction. ... ', 'Quality. ... ', 'Minimum cost.']
1143831
A vendor is who you purchase from. A customer is who you sell to.
616843
Merchandisers help a company optimize their sales and profits by ensuring that retail stores and online stores are stocked with the right products in the right quantities. This may include stocking shelves, arranging and maintaining product displays, pricing products, and monitoring the store inventory.
320542
['Change product pricing.', 'Reschedule work.', 'Reorganise a department.']
901037
['Cost Differentiation Strategy. This strategy is all about pricing your product right. ... ', 'Product Differentiation Strategy. In this strategy, you have the leverage to keep the prices that you deem necessary. ... ', 'Growth Strategy.']
1245083
Are all products test marketed? No; it can delay entry into the full market. ... In which step of the new-product development process do product/service managers estimate the cost of production and make plans for packaging, labeling, brand name, promotion, and distribution?