Q: Five practical reasons why the the ultimate concrete product should segment their market
A: Marketers always focus on the selling of unique products to be diverse among their competitors when…
Q: Why customer is ready to pay extra for buying a particular brand
A: Companies usually tend to build their brand value in order to gain a strong foothold in the market.…
Q: Differentiate between product line and product mix with the help of examples
A: The product mix is also known as product assortment, refers to the total number of product orders a…
Q: Explain how firms obtain new products and why it is an important process for companies and…
A: Obtaining new product refers to New Product Development which is introducing a new product into the…
Q: Define the product market precisely, such as ice cream
A: The product market is where the organic market of conclusive products connects with one another.…
Q: What major factor determines whether a product is a consumer or a business product?
A: Any tangible or intangible thing that can be bought or sold by any potential buyer or seller is…
Q: List the key characteristic distinguishing business products from consumer products?
A: Some different organizations and industries are active these days. Some different products and…
Q: A business strategy approach for a new brand targeted to the public market
A: Basically, your focus on procedure includes assessing each segment’s engaging quality and, from…
Q: Explain the four choices companies have when devel- oping brands. Provide an example of each.
A: A brand allows to showcase the product as an individual in the market. It is a mark, a logo, a word…
Q: . How does an organization’s product mix relate to itsdevelopment of a product line? When should an…
A: A product mix refers to the quantity of a single product or service, that firm can offer and also;…
Q: How can the three levels of the product be differentiated from one another? Give examples of each…
A: The levels of the product are classified as the levels on the basis of the functionality of the…
Q: Use Coca Cola's products to explain the different phases of the product life cycle.
A: Product life cycle is an important concept to identify the stage of the lifecycle of any product. It…
Q: Illustrate the key characteristic distinguishing business products from consumer products?
A: Product refers to the bundle of features and utility which can satisfy the customer's needs.…
Q: Select 4 products in various stages of the product life cycle. Note what stage of the life cycle…
A: The product life cycle consists of the strategies that products go through in their entire life.…
Q: Describe four product types and purchasing practices with an example of each product type.
A: Consumer goods are those goods that are bought by the final consumers for their ultimate…
Q: Explain what are the 6 criterie mentioned most often when selecting a good company brand name?
A: A brand name is common noun applied by the company to a particular product or service. It is one of…
Q: Discuss how a new brand manufacturer would go about defining their market segments and then begin to…
A: In the market, when a new firm enters with its brand name, it has to face various difficulties to…
Q: Give two examples of popular products with very clear benefits.
A: There are a lot of products but we need to know the exact benefits that we can get from it. What are…
Q: How product mix strategies can be used to make product more effective in market? Elaborate your…
A: The product Mix refers to the combination of variety of products that a seller or brand sells under…
Q: Use a clear example to explain the product life cycle idea in detail
A: Concept Of Product Life Cycle - Product Life Cycle, is a type of concept, which is described as the…
Q: Discuss How product mix strategies can be used to make product more effective in market? Explain…
A: A fruitful product mix strategy empowers an organization to zero in endeavors and assets on the…
Q: Define Specialty products?
A: Specialty products have notably distinct qualities and brand identifications for which a sizable…
Q: Strength of a brand's position in the market is based on its domain, heritage values, assets,…
A: Brand positioning alludes to the conceptual spot the company needs to possess in the objective…
Q: an
A: Giving you an example of the 3D television that are there in the market from few decades but it is…
Q: Name the categories in which business products are classified.
A: A product is something or service that is supplied to meet the needs or desires of a consumer. They…
Q: C. From the product mentioned in part A above: Briefly explain the stages of the product life cycle…
A: Human beings have a life and they go through different stages of their lifecycle, similarly, a…
Q: Choose two brands and identify how the following brands practice relationships marketing. Bench,…
A: Customer relationship management is the process of creating and maintaining a relationship with the…
Q: Name the categories into which new products are grouped?
A: Product classification means classifying the products according to the needs of the…
Q: Briefly discuss why “optimal use of technology” is one of the four components that render a product…
A: In the recent past, there have been many significant inventions in the field of information…
Q: your own product using the Five (5) Product Levels by Kotler.
A: Five Levels of Product are 1. Core Benefit: the need or need that individuals need to fulfil by…
Q: 2. Name and describe the five stages of the Product life cycle. Identify a product class, product…
A: Product life cycle management is the method of planning ways to consistently sustain and operate a…
Q: Discuss the three levels of a product by using the HAMARVIK mattress as an example.
A: The levels of the product are classified as the levels on the basis of the functionality of the…
Q: Identify seven methods companies can use toprice products for business markets
A: Pricing methods in marketing means to find out the value of a product at which the company wants to…
Q: 10. Explain how brands are managed over geographical boundaries and market segments.
A: Operation management in an organization aims at providing the highest efficiency possible. It…
Q: Define Business products?
A: business product unit the product and services that people would like to buy to furnish their homes…
Q: Name and describe the four product/market expansion grid strategies?
A: The Product or Market Expansion Grid is a strategy which is used by the companies to evaluate their…
Step by step
Solved in 2 steps
- Please assist Based on a retail store that sells clothing for the age between 8 and 40 years . Construct a diagram depicting one of your product category lifecycles.Discuss the market segmentation for business market of a product and it's requirements?Cite one example of product or services and use the process of the 7 stages of new market development.
- 1. Explain how firms obtain new products and why it is an important process for companies and customers.Explain what is meant by a hierarchy of needs and provide examples of one or more products that enable you to satisfy each of the four levels of need.Briefly introduce your own product (goods or services) And explain why you choose or create that brand name of your product.