Based on ________,managers develop objectives,strategies,and programs for the product,product line,or closely related group of products.
A)data analysis
B)historical data
C)final audit
D)industry norms

Question

Quizplus · Accepted Answer

Managers use data analysis to gather information on the target market, including customer needs, preferences, and behaviors, as well as information on competitors and industry trends. This information is then used to develop objectives, strategies, and programs for the product or product line, such as setting sales and revenue targets, developing new product features, or adjusting pricing strategies. Historical data, final audits, and industry norms may also be informative, but data analysis is the foundation for effective product management.

Based on ________,Managers Develop Objectives,strategies,and Programs for the Product,product Line,or