Products are invented and revised by which department? Marketing Production Research and Development Finance

Q: Identify three or four well-known firms that succeed through product differentiation

A: Product differentiation is a marketing strategy where products are differentiated on the basis of…

Q: Explain in details why firms must introduce new products and how they go about it.

A: ANSWER IS AS BELOW:

Q: what is the process for creating new products

A: Obtaining new product refers to New Product Development which is creating and introducing a new…

Q: Propose an approach to new product development

A: A product is an offer offered by a company for sale to satisfy consumer needs and earning a profit.…

Q: Prepare an outline for a presentation you have been requested to give upon the subject of the…

A: Note: The answer has been framed in a generalized manner.Product marketing is similar to a team…

Q: What is the price at which the product is starting tobe perceived as expensive?

A: Pricing refers to setting a price for a product or service at which it will be sold in the market…

Q: Should products be dumped/gotten rid of once they hit the decline stage of the Product life Cycle?…

A: In the marketplace, there are plenty of goods and services available. The people who need something…

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: What is an external factor that affects the price that a busienss charges for its products?…

A: Price is the monetary value which the marketers set which acts as a perceived value of the product…

Q: useful

A: Talking about the product differentiation then, it is about creating something new or innovating…

Q: What is the specific purpose of an acceptable use policy?

A: All business organizations and many other institutions always work upon some basic rules,…

Q: Identify a product important to you that you purchased where you felt that the seller had done a…

A: Disclaimer: The solution is authored from a general perspectiveCustomer happiness is crucial for…

Q: Where would an existing product with new features marketed for a totally new purpose fit into your…

A: The product development process includes all the steps required to take a product from idea to…

Q: Describe in detail what is test marketing in product management?

A: Introduction:- At all phases of the research entire life cycle, production management is an…

Q: Explain why some products succeed and others fail?

A: Products are the major element based on which other elements are designed by the marketers. Products…

Q: Two similar consumer goods and compare them in terms of their use, safety, quality and cost

A: Consumer products are the products and commodities created for the use of end consumer. The…

Q: how would such costs and benefits be different over the product life cycle"

A: The cost and benefits are different over the product life cycle as:

Q: What different strategies do firms use to extend the life cycles of their products throughout the…

A: The product life cycle gives the marketers an understanding of the stages of the product through…

Q: What are the conditions that a product undergoes to be effective?

A: Product is a tangible tool which is used by customers to achieve their desired goals. It is created…

Q: At what stage in the product life-cycle would sales volume tend to decrease sharply? Why?

A: The lifecycle of a product starts during the product's development and concludes when it has been…

Q: Under what circumstances do firms decideto delete a product from their line?

A: Product is said as an item which gives utility and value to customers that they demand in the…

Q: which is more important price or quality?

A: The marketing mix is the process of integrating various elements of marketing such as product,…

Q: Create marketing plan for a new product development project

A: Marketing is the activity to promote the products using various marketing techniques like…

Q: how can a firm develop a brand architecture that effectively supports a portfolio of products or…

A: Brand architecture defines the organizational structure of brands. It defines how the organization's…

Q: Who Buys and Uses What Is Marketed?

A: There are different organizations and industries that are active these days. There are different…

Q: What for people buy product ?what are customers looking for? Visually show your means of improving…

A: Perceived value is the customer's assessment of the benefits of a product or service compared to its…

Q: As most businesses have the objective to sell as many products as possible, outline key factors that…

A: Marketing mix refers to the combination of essential marketing activities that all marketers need to…

Q: what is the difference between direct cost and product cost

A: Product Cost: Product costs are the direct charges concerned in producing a product. A producer, as…

Q: Ascertainment of the goods is a key part in the process of sale of goods. Discuss why ascertainment…

A: Introduction Ascertainment of goods Ascertainment of goods is the process of identifying and…