In which of the following ways, marketing has implications for operations management? |- Through managing pricing Il - Through managing promotion III - Through managing collaborative relationship and communication OI and II I and III O Il and III OI, II, and II
In which of the following ways, marketing has implications for operations management? |- Through managing pricing Il - Through managing promotion III - Through managing collaborative relationship and communication OI and II I and III O Il and III OI, II, and II
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
![In which of the following ways, marketing has implications for operations management?
|- Through managing pricing
Il - Through managing promotion
III - Through managing collaborative relationship and communication
OI and II
I and III
O Il and III
OI, II, and II](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03e01901-1496-4034-814f-fd83564dae7d%2F78edc09a-38a8-4a02-bc87-e57859005906%2Fp4532wp.png&w=3840&q=75)
Transcribed Image Text:In which of the following ways, marketing has implications for operations management?
|- Through managing pricing
Il - Through managing promotion
III - Through managing collaborative relationship and communication
OI and II
I and III
O Il and III
OI, II, and II
Expert Solution
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Step 1
Answer: I,II and III
Step 2
Through managing pricing:
-Maximizing profit in short run
-Optimizing profit in long run
-Obtaining target market share
-Introducing new markets
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