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Briefly describe why measuring a firm's costs is more complicated than measuring its revenues.
Product Management
The organizational function responsible for the strategy, roadmap, and feature definition of a product or product line throughout its lifecycle.
Inseparability
A characteristic of services indicating that they are produced and consumed simultaneously, and cannot be separated from their providers.
Intangibility
A characteristic of services that means they cannot be seen, touched, tasted, or easily quantified before they are purchased.
Perishable Nature
A characteristic of goods that have a limited lifespan and deteriorate or lose value over time, such as food products or live plants.
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