Explain with the use of examples, why do some products experience long successful lives while others have very short life cycles?

Q: Discuss FOUR (4) the reasons for new product failures and explain how a company can minimize these…

A: Each firm requirements new items to support itself on the lookout for an extensive stretch. New…

Q: What does it mean to commercialize a product?

A: The process of bringing new products or services to market is referred to as commercialization.…

Q: Marketing mix choose a product that you have purchased recently.  Research and investigate this…

A: The Apple iPhone 13 is one of the hot selling products of Apple Inc. which has been quite popular…

Q: Why must firms introduce new products?

A: New products and services are the foundation of any organization. Most organizations have growth…

Q: Explain the importance of the product life cycle concept in marketing. Name and explain each of its…

A: Product life cycle refers to marketing concept which explains that every product that exists in the…

Q: Explain how product life-cycle strategies are summarised?

A: The product life cycle has four stages.  1.Introduction stage 2.Growth stage 3.Maturity stage…

Q: C. From the product mentioned in part A above: Briefly explain the stages of the product life cycle…

A: A product life cycle shows the journey of products in its different stages. As human beings have…

Q: Why Do Products Fail?

A: Product is said as items sold for giving utility and value to customers in the market. Product is…

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: Why do so many new products fail?

A: The non-significant difference point shows the product and service variables contributing to the…

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: Discuss the process of Developing and Managing Products?

A: New product development refers to the process of bringing a good or service to market (NPD). The…

Q: Discuss and Understand the reasons behind success or failure of a new product?

A: When a new company enters the market as startup, they first thing they do is create a product or…

Q: Describe the stages of the product life cycle (PLC) and how marketing strategies change during a…

A: The product life cycle contains four particular stages: introduction, growth, decline and maturity.…

Q: In your own words, differentiate consumer products and industrial products. Which of the two…

A: Consumer Products-Consumer products, also known as final goods, are items purchased by individuals…

Q: What is a businesses product mix?

A: A product is an item or commodity offered for sales by a company to customers in order to satisfy…

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: Why is brand extension important for a company?

A: Brand extension is a strategy in which an organization utilizes the name of an already existing…

Q: How might a company establish a brand identity in the marketplace?

A: The terms "emblem" and emblem" are frequently used interchangeably. But aleven though a emblem may…

Q: Give an example of the Product Life Cycle of a product (explain in detail each stage from…

A: To understand the concept of Product Life Cycle, we will take the example of the company Nokia which…

Q: Where do ideas for new products come from?

A: The development of product is divided into two categories where development could be related to…

Q: Illustrate the importance of new Products?

A: Ans. Introduction The progress of a new product normally requires impressive assets and the…

Q: How does an industrial product differ from a consumer product? Discuss the types of industrial…

A: An organization is created for fulfilling its objectives by doing the selected business. There are…

Q: Essay about the below: Product Life cycle: Growth strategies:

A: Marketing management is the practical process of executing marketing plans in real world. It…

Q: What are the benefits of successful new products?

A: You must balance the necessity and difficulty of new product development as a company to maintain…

Q: Which of these products is considered as a final good?

A: A final goods or consumer goods is a product that is utilized by the customer to fulfill current…

Q: What products can be bought in your place? Make a list of products. Tabulate them as innovative,…

A: INNOVATIVE PRODUCTS: This refers to the use of new technology, methods, features, process, ideas,…

Q: Discuss how a company can maintain success for products in the mature stage of the product life…

A: Product Life cycle explains how a product would enter and leave the market during its life span. It…

Q: Identify where each of the following products likely lie on a traditional Product Life Cycle.…

A: Product Life cycle refers to the concept in which a product goes through each and every stage of its…

Q: Define Business products?

A: business product unit the product and services that people would like to buy to furnish their homes…

Q: how are products managed during the different stagesof the product life cycle?

A: The product life cycle refers to the period a product stays in the market. It defines the different…

Q: Marketing Mix choose a product that you have purchased recently.  Research and investigate this…

A: Disclaimer: since you have a posted a question with multiples of sub parts, we'll solve the first…

Q: compare the different types of consumer products and gives examples for each one of them. How does…

A: When  it comes to marketing, one thing every company should keep in mind is that not all customers…

Q: What role does the Product strategy choice play in achieving a competitive advantage?

A: Variables that allow a company to produce goods or services better or cheaper than its rivals are…

Q: Why do new products fail

A: The  new  рrоduсt  оr  serviсe  dоes  nоt  fit  with  the  сustоmers'  рerсeрtiоns  оf  the  соre…

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: Discuss reasons why new products fail in the market?

A: 1  A lack of independent and unbiased research into the market and target audience  While One of…

Q: Understand why some products succeed and others fail

A: Product failure is a demotivating factor for many factors as marketers make a lot of effort to…

Q: Choose two competing products (e.g. Toyota and Honda) and sketch their brand hierarchy. Moreover,…

A: Brand Hierarchy can be defined as structure of branching adopted by a particular company to…