How does the customer perceive the product?

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: Would current customers benefit from the product?

A: Business analysis is a test to evaluate a new-product idea, usually before any prototype has been…

Q: What factors lead to satisfaction with our product?

A: Customer or consumer is anyone who purchases a product or avails a service from the…

Q: Based on the product life cycle concept, discuss the marketing strategies for the newly brand…

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

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: Discuss how the profitability of your product will change as it moves through each of the phases of…

A: Profit is the amount of revenue left over after all expenses, debts, and other costs have been…

Q: Describe the product life cycle. What are the strengths and limitations of this approach to…

A: The product life cycle is the process a product goes through from when it is first introduced into…

Q: 2. What changes could be made to the products to increase the likelihood of product acceptance and…

A: Product acceptance and attractiveness are the most important aspects required for selling the…

Q: How do you find a product niche?

A: Niche Product - A niche product is a product where specific sections of a larger industry and market…

Q: How to Set a Price on a Product?

A: Product is the major elements based on which marketing mix elements are developed for generating…

Q: Define Consumer products?

A: Consumer goods are items purchased by the ordinary consumer for consumption. Customer products, also…

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 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: Explain the product concept?

A: Product is the offering of the firm which is sold to the target market to gain profit. Product is a…

Q: What are the marketing strategies for each stage of the product life cycle?

A: Product life cycle is defined as the sequence of stages starting from the introduction of the…

Q: what are the challenges associated with creating a successful new product

A: The new product strategy can be referred to as the marketing strategy under which product and…

Q: Select 4 products in various stages of the product life cycle. Note what stage of the life cycle…

A: The product life cycle consists of the strategies that products go through in their entire life.…

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: 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: What benefits will your product provide to the customer? How will these benefits play a role in…

A: The marketer desires to communicate with their customer using multi-channels and a better…

Q: What is our core product? Actual product? Augmented product?

A: All products are divided into three levels. These levels of products are: The core product The…

Q: Discuss the Product Concepts?

A: A product's name and features are combined to form a product concept. Given that it's the first…

Q: How does elements such as location, physical facilities, employee attitude, quality of products,…

A: Business:- A business is an organizational entity involved in selling goods or services to…

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: Why is packaging part of marketing? How does it enhance the product?

A: Packaging means the product is covered with wrappers or bottles to protect it from damages, to…

Q: When presenting your ideas to a potential buyer, what are some ways to stand out and have them…

A: Making your product stand out from the crowd is an essential piece of marketing.

Q: What does the purchaser of a product obtain besides the good, service, or idea itself?

A: A buyer of an item, other than acquiring merchandise, administrations, and thoughts, gets great…

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: Discuss the factors that could contribute to the failure of your product. How will you define…

A: Every company will create services and products to solve the problems of consumers. If the product…

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: Define Business products?

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

Q: what is The new product process

A: The new product process in the development of the product or services from generating the idea to…

Q: Explain the term Product?

A: Often when one hears the word marketing, one needs to think not only about promotion or advertising,…

Q: What is Customer centered new product development?

A: New product development is the process of presenting a new product to the marketplace. New  product…

Q: What is the reason that a product declines?

A: A decline is a fall or descent, and the decline stage in the product life cycle represents similar…

Q: how should we package, brand, and label our product?

A: Packaging, sometimes called the fifth P, is all the activities of designing and producing the…

Q: How is brand identity developed?

A: Brand Identity - It is the apparent elements of a brand including design, logo, color, etc., It is a…

Q: Explain the term Product position?

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

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.