What does it mean to commercialize a product?

Q: Five practical reasons why the the ultimate concrete product should segment their market

A: Marketers always focus on the selling of unique products to be diverse among their competitors when…

Q: Explain how firms obtain new products and why it is an important process for companies and…

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

Q: How will the product be positioned in relation to this market?

A: Product position refers to the marketing approach that represents the advantages associated with the…

Q: Using a product that you have in your house or apartment, discuss how well you think it is…

A: The design of the product also influences the type of customers that need to tapped. The uniqueness…

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: 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: Why must firms introduce new products?

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

Q: What are the alternatives?

A: In an organizational decision-making process, while collecting information, managers identify…

Q: What are the classes of consumer products?

A: Consumer goods, often finished products, are purchased by people or families for consumption. In…

Q: What is the product life cycle of DLSU and explain why?

A: Product life cycle is basically managing the entire life cycle of the product starting from its…

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: Why do so many new products fail?

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

Q: What are the potential drawbacks of creating separate products and marketing programs for each…

A: Marketing refers to the process of creating awareness of the products and services an organization…

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: 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 are the conditions that a product undergoes to be effective?

A: Product is a tangible tool which is used by customers to achieve their desired goals. It is created…

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: “Undercosting a product increases the profit from the product and benefits the firm.” Do you…

A: Undercosting of the product may increase the profit of the product while evaluating profitability of…

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: What are the stages in the product adoption process,and how do they affect the…

A: Products adoption phase is the process of customers becoming aware about the product or service,…

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: How do marketing activities add value to products?

A: Marketing is developing a message about a product or service and effectively communicating that…

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: What is a price? How does the price of a productdiffer from the cost of the product to the consumer?

A: Price is an element/component of the marketing mix. It is described as the amount of money need to…

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: 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: What techniques do we use to define a product?

A: Marketing mix is a combination of elements which helps in achieving the marketing objectives of the…

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 is the product classification?

A: A product is an item or commodity that is sold by a company to the customers to fulfil their needs…

Q: the importance of the potential product

A: A potential product helps a company in many ways. Few of them are given below:

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: 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: What is systematic new product development?

A: The accomplishment of new item advancement (NPD) depends on the successful joining of showcasing and…

Q: How do you distinguish between a consumer productand a business product?

A: A product can be defined as any item which has the capacity to fulfill the needs of the customer or…