Explain the significance of “newness” in new products and services as it relates to the degree of consumer learning involved.

Q: Cite one example of product or services and use the process of the 7 stages of new market…

A: New market development is a process that involves finding business opportunities or creating new…

Q: What are the two key advantages of delayed separation for customers?

A: Delayed distinction refers to a phase that isn't finished until the business receives the customer's…

Q: Compare any two brands with respect to BTL strategies adopted by them. Brands can be from any…

A: Above the line (ATL) and below the line (BTL) are two prominent marketing methods used in the…

Q: Explain the importance of considering the needs of those using interacting with product throughout…

A: Marketers undertake relationship marketing strategy in order to create personal relationships with…

Q: Critical Thinking Are there potential risks to involving consumers in the development of new…

A: New Product Development entails all the stages that are required to bring any product or service to…

Q: What is the USP, brand equity and customer based brand equity of the online soft drink brand?

A: USP is the unique selling point, it makes the product of yours better from your competitor. USP…

Q: dentify the four components of brand positioning .

A: A brand positioning in lay man terms is simply defining the target market and how an organisation…

Q: What are the differences between consumer products andB2B products? Describe a product that could be…

A: Products could be distinctive in nature due to tangibility and intangibility features. It means a…

Q: Describe how modenas company developing marketing strategies, marketing plan, collecting information…

A: The primary steps that govern the companies in framing overall strategies include is STP. The STP…

Q: Explain what is meant by the online value proposition, and give two examples of the value…

A: A business is required to design and communicate the benefits it is willing to provide to customers…

Q: 1) hook/attention grabber for a face wash product 2) When you think about face wash two things that…

A: Face wash is a skin care product designed to cleanse the skin and remove dirt, oil, and impurities.…

Q: Describe brand extension and brandlicensing.

A: Marketing describes the activity of product development and creating awareness about it in the…

Q: role of CRM in omnichannel marketing and customer engagement. How can it help create a unified…

A: In today's digital era, organizations face the challenge of effectively integrating and managing…

Q: How do the marketers Offer organization-wide commitment in service and after-sales support?

A: Committed customers can be referred to as those customers who steadily become committed to a…

Q: Discuss the role of CRM in personalization and tailoring customer experiences.

A: Building and maintaining long-term relationships with customers is becoming increasingly important…

Q: Explore the challenges and opportunities of implementing CRM in B2B (business-to-business) versus…

A: Customer relationship management is a system for organising an organization's interactions and…

Q: Investigate the use of CRM in B2B (business-to-business) and B2C (business-to-consumer) contexts,…

A: CRM stands for Customer Relationship Management, a collection of tactics, procedures, and tools that…

Q: which development most likely causeethe supply of a product to\ increas

A: The cost of production is influenced by changes in input costs, natural disasters, new technology,…

Q: Select a product type and particular brand of !hatproduct to study: it can be in any product…

A: There are different organizations in the global world. There are different products and services in…

Q: How far could OXO take its brand extensions and thepromise of making everyday tasks easier? Should…

A: Brand extension sometimes leads to a loss of reliability if a brand name is extended too far. There…

Q: explain the notion of servicescapes in marketing , how it extends to the 3Ps of marketing ( process…

A: Servicescapes are pivotal in the realm of marketing as they encapsulate the physical environment…

Q: the role of customer experience in service marketing.

A: Marketing strategies and tactics designed especially for services, as opposed to tangible goods, are…

Q: When a company facing a crisis, how to improve the brand image by using the narratives…

A: Please find the answer below.     BRAND IMAGE :-  Brand image is the representation of a brand in…

Q: For the each of the following describe the tangible augmented and generic product a) Nestle butter…

A: The renowned Economist Philip Kotler created the Five Product Levels model in the 1960s. It offers a…

Q: Create a presentation about "Versace Brand" through marketing point of view

A: Company Profile- Headquartered in Milan, Italy, Versace is a world-famous Italian luxury fashion…

Q: what is the customer analysis for realme product

A: Customer analysis can be explained as a section that is most important for the business planning or…

Product and Service Innovation

Product innovation is the introduction of either a new product or an existing product with significant improvements related to its characteristics. Improvements could be in various specifications and areas such as technical, technological, physical use, software updates, overall size and texture, and so on. For instance, consider the Apple Watch; they release different series every year with significant updates and improvements such as using cellular technology, monitoring your heart rate, acting as your fitness partner, measuring blood oxygen level, and so on. We see the addition of features in every series, and these improvements make them a different product altogether.