What factors lead to satisfaction with our product?

Q: variable.

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

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: What unique value are we supposed to bring to customers?

A: Customer - An individual or business entity that makes a purchase transaction of a product or…

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: 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: Select a product you are familiar with. Based on your knowledge of the product life cycle, what…

A: Product life cycle or PLC - It is the process through which a product goes on from its introduction…

Q: What are the classes of consumer products?

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

Q: 1) Explain the concept of the product life cycle and discuss the phases of the product lifestyle

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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: 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: 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: 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: What steps can a company take to expose customers to its brand?

A: Introduction : In order to give a generic item a personality that will help it stand out in 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: what do you think are the reasons why the brand names created have been successful?

A: There can be different reasons behind the brand names created have been successful:

Q: What are the advantages of having high-quality products ?

A: Quality is an important point to consider for every business. When a customer is given the option of…

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 are the four types of consumer products?

A: The goods that have been finally produced i.e. ready for consumption, sold to the consumers are…

Q: What are the potential risks if the marketing mix is not considered?

A: Risks are present everywhere. Some of the risks can be predicted and can be avoided. But some risks…

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: 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: Are buyers of Cuties just “paying more for the name,” or is it due to the economic benefits…

A: Brand equity is the value attached to the brand which is more than the value attached to its…

Q: What is a good? What are the differences betweentangible and intangible products?

A: Marketing refers to the activities performed to promote a product/service in a way that attracts…

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: Assume that you are working as a brand manager in a company. Your company is going to create a new…

A: A brand can be in the form of a specific name, particular design, or a certain term which makes it…

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: What is new product development?

A: Product is the item offered for sale. It is manufactured by the organization at a reasonable cost…

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: In buying products, what do customers are actually attracted to?

A: As a business owner, you want to make your products known to the public and get customers buy them.…

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: Would a consumer products manufacturer ever want to create more product extensions and variations…

A: Any variation in changing business lines is imperative for growth and future survivability of the…

Q: Pretend that your company has been making and selling one product for the past five years.Plan to…

A: Innovation can be referred to as creation of something new which can be useful to people. Most of…

Q: How do you like the product?

A: In marketing, a product is an object which is made available for consumers and offered for sale in…

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…

Q: Explain the term Product position?

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

Q: How does a brand name add value to a product?

A: Brand identity can be explained as the image that a company wants its customers to have and…