Discuss other existing products that have created new life for the product by embracing Internet, mobile or social media platforms. Suggest an app for another tangible product or service that does not currently use online,mobile or social media, along with ways to encourage customer engagement and social sharing for the brand.

Q: In what stage of the product life cycle is telemedicine? What role has mobile technology played in…

A: Telemedicine can be referred to as distributing health-related services and information using…

Q: Instruction: Pretend that your entrepreneurial venture has been making and selling one product for…

A: Let us take our original product as chocolates. The existing product is plain chocolates and it’s…

Q: points

A: Talking about the three product levels then, the following are given below; 1) Core Benefit. The…

Q: Compose a market segmentation, targeting and positioning analysis of your preferred engineering…

A: Marketing segmentation, targeting and positioning (STP): Marketing STP helps an organisation in…

Q: How does Recycline's internal culture support its product line?  Explain your answer.

A: In response to the growth in recycling and the evolution of environmental concerns, Eric Hudson…

Q: Explain Product Life Cycle in detail with help of practical example

A: Introduction Stage: At this introduction stage, it requires more investment in marketing to make…

Q: Describe the different stages of product life cycle. Please identify a product of your choice and…

A: The product life cycle refers to a concept which studies the different stages which a product…

Q: Product kind, shape, and/or brand should be identified at each step.

A: To prevent counterfeiting, each product needs to have a unique identity, and product identification…

Q: Some contemporary companies intend to attract both the old and new generations with their old ideas,…

A: A brand is the identity of the firm which makes it unique in the market in presence of all the…

Q: describe why it is unique, why you think the components do not contradict themselves and how long…

A: The dove brand is one of the most leading companies across the world and has been able to create an…

Q: “The cost of creating and maintaining a brand is more than offset by the benefits it provides to a…

A: Creating  a brand identity means giving the brand a personality through which people can relate…

Q: Product Life Cycle

A: The need to know what stages of the Product life Cycle its products are in to decide the marketing…

Q: Explain what is meant by a hierarchy of needs and provide examples of one or more products that…

A: Ans. Introduction Hierarchy of needs are the needs that are necessary for the complete development…

Q: How will you apply the concept of value proposition and unique selling proposition in your…

A: The basis of a company's competitive advantage is its value proposition and USP (Unique Selling…

Q: What factors could cause customer commitment to our brand or firm?

A: A brand is regarded marketing strategy that help in differentiation purpose for the product. It…

Q: what is market mix. why is it important when launching a new product from an exsisting company.…

A: Marketing refers to the activities involved in selling products and services. It includes…

Q: Discuss the various entities being branded by the 21st century brand managers? How these entities…

A: So we can say that where the velocity of doing business today has compressed the time frame for new…

Q: Brainstorm a new product concept by blurring and stretching products, brands and packaging. The…

A: The new product will be a potato chip being packed in paper-based packaging. The environment being…

Q: How do we introduce technology that is already embedded in a product to the market? This inquiry…

A: The new technologies introduced in the product with the already existing features known to the…

Q: an

A: Giving you an example of the 3D television that are there in the market from few decades but it is…

Q: How does an organization’s product mix relate to its development of a product line? When should an…

A: The product mix and product line of the organization are closely related to each other. Many…

Q: This refers to the inherent value of the product in themarketplace and is a strategic decision for…

A: The  рrоmоtiоnаl  асtivities  оf  аn  оrgаnizаtiоn,  thаt  enhаnсes  buying  оr  selling  оf  their…

Q: is online channel be more beneficial to the early or advance part of a product's life cycle? Why.

A: Product life cycle has four stages: Introduction Stage: In this stage, company introduces its…

Q: Name the categories into which new products are grouped?

A: Product  classification  means  classifying  the  products  according  to  the  needs  of  the…

Q: Discuss other existing products that have created new life for the product by embracing Internet,…

A: Brands are using technology to attain more social connection with the customers.

Q: Identify a product for which packaging adds value and describe how that value is added for the…

A: Packaging is an art that involves many tangible and intangible aspects attached to it. The color,…

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: 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: Five practical reasons why the company should segment their products

A: Market segmentation refers to the classification of prospective consumer groups, in accordance with…

Q: Why is product specialization important? Who is responsible for setting the level of…

A: Product specialization is a market strategies used by the companies . A research of product…

Q: List two strengths of each of the following B2C models:  Virtual merchant Brick and clicks, and…

A: ANSWER IS AS FOLLOWS:

Q: Define the word "product" as it relates to business, specifically marketing. Discuss specific…

A: Marketing mix is a part of marketing strategies consisting of 4 elements which helps in achieving…

Q: What do you understand by the term 'product life cycle'? Illustrate your answer using an example of…

A: The product life cycle is the process that a product passes through from the time it is initially…

Q: Create a plan phase for mobile phones in the product life cycle.

A: Product life cycle is the overall phases and the life through which a product goes through right…

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.