Q: what is the process for creating new products
A: Obtaining new product refers to New Product Development which is creating and introducing a new…
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: Should products be dumped/gotten rid of once they hit the decline stage of the Product life Cycle?…
A: In the marketplace, there are plenty of goods and services available. The people who need something…
Q: Explain how companies find and develop new product ideas.
A: A new product may be more profitable and serve more people. Since developing a new product requires…
Q: What is Customer-centred new-product development?
A: Customer-centric is a fundamental orientation. Every business should follow it, but following it…
Q: How a product-deletion program can improve a firm’s performance?
A: Product-deletion program refers to the process of deleting a particular product or a complete…
Q: Where would an existing product with new features marketed for a totally new purpose fit into your…
A: The product development process includes all the steps required to take a product from idea to…
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: A. List significant new products that have been marketed in your lifetime. Next to the product…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Two similar consumer goods and compare them in terms of their use, safety, quality and cost
A: Consumer products are the products and commodities created for the use of end consumer. The…
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: How would the introduction of the product affectexisting products? Would the new product cannibalize…
A: Businesses are primarily concerned with developing new items and marketing them to customers. There…
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: Define the term Product Invention?
A: A product can be defined as any item which has the capacity to fulfill the needs of the customer or…
Q: What does “creating a new use situation” mean in managing a product’s life cycle?
A: A product's life cycle means refers to the time amount of the product from its entrance into the…
Q: What is the importance of legitimacy and efficiency of a product in a business?
A: The term legitimacy can be defined as a rule or something that confirms a set of standards. It can…
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: do you think the company has been successful in creating the brand name for its product?
A: Many business owners work hard to establish a branding for their company. All that has been seen,…
Q: e and explain the meaning of the following : Product Life Cycle Idea Gen
A: Features of product: 1. An important feature from the marketing point of view is that the product…
Q: identify a product that is not existing in the market today
A: A product can be explained as anything which holds the capacity to satisfy a need or want. Even a…
Q: Evaluate the economic impact of a new product on a company.
A: The economic impact can be referred to as the effects on economic activities in a given area. There…
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: 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: What is the difference between the core product, theactual product, and the augmented product?
A: There are different levels of products to extent how much they are essential to the customer. There…
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: Why consumer confidence is an important element in the success of a branded product?
A: Consumer confidence is a statistical measure that captures consumers' perspectives on current and…
Q: What is brand equity?
A: Brand means a name, logo and symbol given to goods and services sold by the companies. The name is…
Q: explain the meaning of the following concepts. Product Life Cycle Idea Generation…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Do some research and find a company that has done a good job establishing brand equity. Describe…
A: Brand equity is the value of the brand created in the minds of the customer. Brand equity is created…
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 is The new product process
A: The new product process in the development of the product or services from generating the idea to…
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: ___________________ are the features that the consumer believes a product should have, such as a…
A: Market is a place where seller sells the product and buyer buys the product. Seller exhange 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: 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: Why is selecting a name so important to branding and success of the product
A: For any company or business firm advertising about its brand image is a very prominent element to…
Q: Creative and innovative ways of enhancing a product
A: A good product must have a solid value proposition and solve a real problem, perform tasks easily…
what are the challenges associated with creating a successful new product
Step by step
Solved in 2 steps
- Select a product you are familiar with. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?What are the sources of idea generation in the process of new products development ?When presenting your ideas to a potential buyer, what are some ways to stand out and have them choose your product.