The procedure of planning, pricing, promoting, offering, and also distributing concepts, products, or solutions to produce exchanges that satisfy customers.

You are watching: The type of utility on which production and operations management focuses is ____ utility.

GoodsTangible items that have monetary worth and also satisfy your requirements and wants.
ServicesIntangible items that have financial value and fulfill your needs and also desires.
Marketing ConceptThe principle that a service need to strive to accomplish customers' needs and also wants while generating a profit for the firm.
DistributionThe procedure of deciding just how to acquire items in customers' hands.
FinancingGetting the money that is necessary to pay for setting up and running a service.
Marketing Indevelopment ManagementGetting information about customers, trends, and contending assets.
PricingDecisions on how much to charge for items and also solutions in order to make a profit.
Product/ Service ManagementObtaining, occurring, keeping, and also improving a product or a product mix in response to market opportunities
PromotionThe initiative to increate, persuade, or remind potential customers about a business's commodities or solutions.
SellingProviding customers through the products and also solutions they desire.
Customer Relationship ManagementAn element of marketing that combines customer information through customer organization and also marketing communications.
UtilityThe adds worth to a product.
Form UtilityChanging raw materials or placing parts together to make them even more advantageous.
Place UtilityHaving a product where customers deserve to buy it.
Time UtilityHaving a product accessible at a specific time of year or a convenient time of day.
Possession UtilityThe exadjust of a product for money.
Indevelopment UtilityProviding indevelopment to consumers.
MarketAll civilization who share similar demands and wants and also that have the capability to purchase a provided product.
Consumer MarketConsumers that purchase items and services for individual usage.
Industrial MarketAll businesses that buy commodities for use in their operations. (B2B)
Market SharePercentage of the total sales volume produced by all carriers that compete in a given industry.
Target MarketThe team that is identified for a specific marketing program.
Customer ProfileLists information about the tarobtain industry, such as age, income level;, ethnic background, etc.
Marketing MixFour fundamental marketing techniques dubbed the 4 Ps: product, place, price, and promotion
ProductChoosing what product to make and also sale, Including architecture and also packaging.
PlaceThe means of gaining the product into the consumer's hands.
PriceStrategies incorporate determining list price and also discounts and promotional pricing.

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PromotionStrategies deal with connecting around the product.