Which features could we add to improve the product?
Q: does Improvements in technology make the product development process faster and more efficient?…
A: Product development is a process of converting the raw materials into the desired product as per…
Q: Explain the difference between Prototype and Minimal Viable Product.
A: Digital product development can be stated as the approach of bringing an electronic concept to life…
Q: Why is product development considered a vital business level strategy?
A: A product development plan establishes a framework for developing new goods or enhancing existing…
Q: What is the product-process matrix and what does it detail?
A: The product-process matrix helps to understand the relationship between the process structures and…
Q: How a hotel or restaurant manager, would gain new product ideas? Be specific.
A: Product idea is the understanding of the dynamics of the product in order to showcase the best…
Q: Discuss why product extension and refinement are important?
A: Product extension is the strategy of introducing new items in the same product category under the…
Q: How many units of each product must be sold to break even?
A: The title indicates, the breakeven amount of product is so the unit of measure of items and/or…
Q: Why do so many new products fail?
A: The non-significant difference point shows the product and service variables contributing to the…
Q: What are the strengths of product placement? The weaknesses?
A: Promotion plays a significant role in marketing as it makes the target audience aware of the…
Q: Critical Thinking Many times firms take advantage of their popular, well-known brands by developing…
A: A brand extension can be described as a marketing strategy in which a company decided to launch its…
Q: How does knowing the threats in the market help in the development of the product portfolio?
A: Threats are risks and barriers that can damage a business. Threats obstacles a business in achieving…
Q: Discuss the process of new product development. Use examples to describe each step in the process…
A: 1. The new product development is an efficient aide for every maturing business and business…
Q: Let's say you are a Product Manager (PM) at Meta and on a product team of your choice. 1.) Select a…
A: Product management deals with those marketing activities that are associated with new product…
Q: How research and development leads to new products?
A: Product Marketing- The procedure of coming up with a product for the marketplace is known as product…
Q: 1. Why is there a need for new product development? 2. How do you create and test a product…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: why a company should have a new product development strategy
A: Here the product development strategy is the planned value proposition to achieve the company's…
Q: Describe the generic product development process. How does the process change for technology-push…
A: The steps and procedures involved in developing a generic product are described in the generic…
Q: If you’re the product manager of the iPhone X and iPhone11 of the Apple company, how can you apply…
A: Product life-cycle refers to the cycle of the product from the time it is launched in the market to…
Q: Analyze the importance of involving customers and suppliers in the new product development process.…
A: Product development means to involve all the steps to come together for leading a new product from…
Q: What could the impact be on the brand if we allow other companies to copy our branding? Explain in…
A: Ans. If a business allows other companies to copy their branding then it is called copycat branding.…
Q: Why line extensions are more common than new products?
A: Product- It is any item or service that a company sell to serve their customer's needs and wants.…
Q: . What type of organization might use a venture team todevelop new products? What are the advantages…
A: Venture team The organization which wants to introduce some new methods, plans and ideas for a new…
Q: Think about a product/service you or your family really like and explain in detail why you like the…
A: Colgate toothpaste is one of the products that has consistently been part of our family for more…
Q: What techniques do we use to define a product?
A: Marketing mix is a combination of elements which helps in achieving the marketing objectives of the…
Q: What is product differentiation?
A: Product differentiation is a marketing strategy that encourages consumers to select one brand or…
Q: How can observations and experiments help the organizations develop new products and services that…
A: New product propositions are important for the growth of any business and it also enhances the…
Q: Explain the New Product Development process in sharp elctronic company ?
A: New product development covers the complete process of bringing a new product to market, renewing an…
Q: Why is product development a cross-functional activity—involving finance, engineering,…
A: Business processes play a vital role in the efficient functioning of the organization. Business…
Q: How product life-cycle leads to new product development?
A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…
Q: Why is branding important?
A: Branding is basically is a method of creating an image of a company in the minds of the consumers.…
Q: What is the benefits of product development?
A: Product development implies step by step procedure to understand customers' needs and then design…
Q: Identify and discuss the new product development method used by Apple
A: Question is answered below:
Q: What is systematic new product development?
A: The accomplishment of new item advancement (NPD) depends on the successful joining of showcasing and…
Q: What is a product mix? How is the product mix organized? What decision are made in the creation of…
A: Product mix, is also called as product assortment, used to refer to the total number of product…
Q: How can discoveries and tests aid in the development of new goods and services that meet the needs…
A: New product propositions are critical for every company's growth and increase its desirability.…
Q: Critical Thinking Products such as video games pro- duced for traditional gaming consoles used to be…
A: New product development process is when a company creates a new solution on customer's problem. The…
Which features could we add to improve the product?
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- Critical Thinking Products such as video games pro- duced for traditional gaming consoles used to be sold only as physical items, but of course now they can also be downloaded onto a gaming console (such as Xbox One or PlayStation 4). For a video game that is exclu- sively sold as a download, how do you think the new product development process might vary compared to the process involved in producing a video game sold exclusively as a physical product?How can software products drive innovation and disrupt existing markets? Provide examples.Why should owners of confectionery business develop their product and how should this be done?
- How do you find an organization's core competencies and capabilities? How do you identify the four elements of the value proposition for an organization’s product/service?What are the benefits of using internal sources for developing new technologies, products, and/or processes? What are the potential disadvantages?How business software applications are helpful?
- First, ask the following questions to determine the basic appeal of the product (ice cream). 1. Does it make sense? Is it reasonable? Is it something consumers will get excited about? 2. Does it take advantage of an environmental trend, solve a problem, or take advantage of a gap in the marketplace? 3.Is this a good time to introduce the product or service to the market? 4. Are there any fatal flaws in the product or service’s basic design or concept?Imagine that you run a company that is getting ready to begin promoting and selling bicycles online and that you are in charge of getting everything ready. Which three goals do you want to accomplish most by developing a brand new website as part of this systems development project?Let's say you are a Product Manager (PM) at Meta and on a product team of your choice. 1.) Select a product team at Meta; how does this product align with Meta's mission? 2.) Your team is adding a new external feature to increase daily active users. What metrics would you consider to determine if the new feature will be successful?
- What are the possible threats to the real estate company? This is external to the real estate organization.What possible surprises that the real estate company may have as competition that currently doesn’t exist?Product planning and development is a top management responsibility that affects the survival and growth of the firm. Discuss .A distinctive competency is a competency unique to a business organization, a competency superior in some aspect than the competencies of other organizations, which enables the production of a unique value proposition in the function of the business. Discuss with one relevant example each fives areas of distinctive competency that a build could focus on to build a competitive advantage