Product/service management includes the decision trade-offs associated with quality and cost.

Question

Quizplus · Accepted Answer

Product/service management involves making decisions that balance quality and cost, as both are important factors in determining the success of a product or service in the market. This includes decisions about the design, production, and pricing of the product/service, as well as ongoing efforts to improve quality while controlling costs.

Product/service Management Includes the Decision Trade-Offs Associated with Quality and Cost