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PRODUCT SERVICE MANAGEMENT

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PRODUCT SERVICE MANAGEMENT

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  1. PRODUCT SERVICE MANAGEMENT

  2. What is Product Service Management? Product Service Management is the operation that involves “designing, creating, and maintaining a product or service throughout the stages of its lifecycle.”

  3. What is Product Life Cycle? The three main phases of the product service management are: • Development of new product. • Monitoring of existing product. • Eliminating weak product. 

  4. Factors affecting Product Service Management Various factors sums up to product service management. Here are few important one’s which influences it: • 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 

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