In which stage of the product life-cycle would you place Mi Ola’s products? In this stage, would you expect  Helena Fogarty to put more emphasis on developing new products, deleting existing products, or modifying existing products? Why?

Q: variable.

A: Product development is very tricky task which affects the entire strategic aspects of any…

Q: What do you think are the possible brand associations of the hugely popular Harry Potter series by…

A: Branding is the use of various brand attributes to distinguish the firm from other competitors in…

Q: Which of the following statements is NOT true about the product life cycle?Single choice.     a. In…

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

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: recommend TWO (2) IMC strategies that AVON can undertake to improve its brand value

A: Avon, being a worldwide producer and dealer of greatness, family, and individual consideration…

Q: What major factor determines whether a product is a consumer or a business product?

A: Any tangible or intangible thing that can be bought or sold by any potential buyer or seller is…

Q: Why do so many new products fail?

A: Obtaining new product refers to New Product Development which is introducing a new product into the…

Q: Diagrammatically explain the stages of new product development. Which of these can be associated…

A: The value proposition is the solution offered by the company on the customer's problem. For this,…

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: Describe the process of developing generic products and how it might alter the technology-driven…

A: The process of developing a generic product requires lot of research and analysis of the market and…

Q: What product do you want to produce as a product manager?   Outside of the intrinsic properties of…

A: The role of a product manager is to first understand the customer need. Along with that, a product…

Q: The decline stage of the product life cycle (PLC) has its own special challenges for marketers.…

A: In the declining stage of the product life cycle, profitability will dwindle until it is no longer…

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: Considering the product life cycle, what challenges does Google face in managing its product…

A: A product life cycle refers to the duration in which a product is introduced in the markets upto the…

Q: What different strategies do firms use to extend the life cycles of their products throughout the…

A: The product life cycle gives the marketers an understanding of the stages of the product through…

Q: Explain the term new product development?

A: In this dynamic world, developing a new product is necessary as the customer tastes and preferences…

Q: Explain with the use of examples, why do some products experience long successful lives while others…

A: The products in the market also lead their life cycles. There are many similar products of different…

Q: The decline stage of the product life cycle (PLC) has its own special challenges for marketers. In a…

A: : Product life cycle describes the life of product at different stages in market. There are four…

Q: Illustrate the importance of new Products?

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

Q: Suppose that you’re on a panel to nominate the “best new products of the year.” What products would…

A: The value proposition is the solution offered by the company on the customer's problem.  Every value…

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: a) Define New Product. b) Discuss the causes of new product failure. c) How new product can be…

A: Organization always depend upon the product they offer. Product influence the customers and bring…

Q: Why can an “insignificant point of difference” lead to new-product failure

A: A new product fails in the market for various reasons, including inappropriate timing of the launch,…

Q: Give an example of a product that has undergone the four phases of the productlife cycle and has…

A: After a product reaches the market, it enters into the product life cycle. This cycle has four…

Q: Four (4) reasons for new product failures and how a company can minimize these failures and increase…

A: Every business makes several strategies to introduce a new product or service to the marketplace but…

Q: What are the Colgate's toothpaste's elements of the product modification, and how it improves on…

A: Colgate toothpaste product has gone under many changes from the early days. It's a dynamic product…

Q: Please explain and provide proper example how do the companies make the shift to define their brand…

A: A brand can be defined as a kind of product which is produced by a company under a specific name so…

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: Green Fields Coffee Co. introduced its line of herbal coffees to the international market two years…

A: Product Life cycle:                 Product Life Cycle is the total time taken from the introduction…

Q: What are the points of difference, or unique attributes, for GoPro products?

A: GoPro is an American technology company that manufactures action cameras, develops mobile…

Q: Which of the eight reasons for new-product failure did X-1 avoid to ensure the success of X-1’s…

A: Product failures are often a news in the marketing industry. There have been many companies in the…

Q: The decline stage of the product life cycle (PLC) has its own special challenges for marketers.…

A: Introduction: Product Life Cycle Stage is the concept of marketing that helps the company in…

Q: 1.a, Define New Product. b) Discuss the causes of new product failure. c) How new product can be…

A: New Products:                 New products are defined as products or services may differ…

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

A: Step 1 Introduction Product Life cycle refers to the concept in which a product goes through…

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.