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... During the last five years the product management field has developed enormously and the marketing function in product management has now taken the central position in most companies. Increasing interdependence of the world economies has created new markets but also new threats and opportunities in ...
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... the main focus and all the marketing strategies revolve around him. Previously the manufacturer used to make a product and they sold it to the customer without any importance to after sales-service. But the market has totally changed now, based on the customer needs the services are designed and pro ...
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Revenue management

Revenue Management is the application of disciplined analytics that predict consumer behavior at the micro-market level and optimize product availability and price to maximize revenue growth. The primary aim of Revenue Management is selling the right product to the right customer at the right time for the right price and with the right pack. The essence of this discipline is in understanding customers' perception of product value and accurately aligning product prices, placement and availability with each customer segment.
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