Goods and Services Selection

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What is the objective of the product decision?

To develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage

What do top organizations typically focus on?

Core products

What do customers buy according to the text?

Satisfaction, not just a physical good or particular service

What warrants unusual expenses during the introductory phase of a product?

<p>Research, product development, process modification, and supplier development</p> Signup and view all the answers

What is the basis for an organization's existence according to the text?

<p>Goods or services</p> Signup and view all the answers

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