Explain the product concept?

Q: How can I introduce a product to the decision point in the product life cycle?

A: Product life cycle is a chain of events within which a product survives and goes on its existence…

Q: Would the product enhance the image of the company’s overall product mix?

A: The product mix is a bigger term that comprises products, the price of the product, the place where…

Q: Describe the New-Product Development Process?

A: New Product Development is a process that constitutes activities linked with the development of new…

Q: What is Customer-centred new-product development?

A: Customer-centric is a fundamental orientation. Every business should follow it, but following it…

Q: Why change product mix breadth?

A: It refers to all product line range of products across the retail chain encompassing varied product…

Q: List the factors that influence purchase decisions and product use?

A: Consumer purchase behavior refers to the actions and thoughts that a customer makes and goes through…

Q: Give an example for product concept?

A: The product concept is based on the understanding that consumers will choose the product if it has…

Q: What is the basis of a understanding new product potential?

A: Introducing a product to the market and making it successful is a very long process you also nee dto…

Q: What is the reason for a product failure?

A: Product Marketing- It is the procedure of coming up with a product for the marketplace. Product…

Q: What makes a product unique

A: In general, a Product is defined as a set of tangible and non-tangible benefits a consumer gets…

Q: How does the customer perceive the product?

A: Customer service is a standard for customer satisfaction, which is the planning of every retailer to…

Q: What is a product life cycle and what is product Life cycle assessment?

A: The term "product life cycle" describes the period of time from when a product is released onto the…

Q: What is the difference between product feature and product characteristics?

A: What are Product Features? Product feature  - Product features are characteristics that any product…

Q: What are the ways to improve a product mix?

A: In marketing mix, there are four types of mix which are product mix,  price mix, promotion mix and…

Q: Product offering about Sanitary Panties and Its Key sucesss as well as the Critical Issues

A: Different industries have diverse risks, challenges, and opportunities. The company should use its…

Q: What is the brand extension of Zara?

A: Zara is an Spain based multinational company that is mainly in the business of developing and…

Q: explain the product life cycle concept. What are thestages of the product life cycle?

A: Every product has to go through diverse life cycle phases of introduction, growth, maturity, and…

Q: Identify one product you believe to occupy each stage of the life cycle of a product and provide…

A: An item life cycle is a period from an item initially being acquainted with buyers until it is…

Q: What is product differentiation?

A: Product differentiation is a marketing strategy that encourages consumers to select one brand or…

Q: What is a brand extension?

A: Branding is undertaken for the purpose of building and creating an identity for the business or…

Q: Is there a clear product concept, and will such a product satisfy the market?

A: A product is a tangible substance that is offered in the market to satisfy the desire or requirement…

Q: What does leveraging brand equity mean?

A: Leveraging Brand Equity is the process where the existing brand power is use to support/help a…

Q: What are the components of brand equity?

A: Brand equity is essential to point out the differences that lead to competitive gains based on…

Q: How can I introduce a product to the decline stage in the product life cycle?

A: The sales of most products will decline at some stage. This can be due to factors such as…

Q: What is Product review?

A: Product reviews are an effective approach to address purchasers' worry about a specific product.…

Q: Identify different sources of new product ideas

A: Product Generation is a continuous activity that companies have to do from time to time in order to…

Q: product development

A: Solution is answered below:

Q: What is the objective of the product decision?

A: A product refers to a product which satisfies a need or want of the consumers. Product is one of the…

Q: What is idea generation? List and explain the sources of new product ideas.

A: Idea generation is described as the process of creating, developing and communicating abstract,…

Q: Do you think the

A: Brand matters alot when the customer faces a product or service in front of them, It is collective…

Q: explain what is brand extension. ?

A: A brand is a product that has its own identity among the customers. Brand helps a company to gain a…

Q: What was the significan of the Special K bar in injecting further dynamism to the product life…

A: Ans. The term product life cycle alludes to the time allotment a product is acquainted with…

Q: Define the term Brand extensions?

A: In case a company is not able to offer something innovative and new to its customers, the…

Q: Explain the term Product position?

A: The customer is the person or the company who purchases things for their personal use. Without…

Q: Explain how you separated the stages of the product’s development

A: Product development is a process of making a new product from nothing. Every thing starts with…

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.