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- Directions: Write a one page essay about a product that you consume today. Use the following guide questions below. 1. Identify a product that you use today. It could be a gadget, a mode of clothing, food that you consume, etc. 2. Expound the process of how such thing or object become part of your day to day living. 3. Discuss the role of economic globalization exemplified in that product that you have identified. 4. How does economic globalization impact the local, the national and the global economy?Identify the product's industry life cycle stage for each of Apple's product diversifications. Explain what Apple needs to focus on for each product diversification according to the industry life cycle."What methods and factors should businesses consider when evaluating the market potential for a new product or service in today's dynamic business environment?"
- “Continuous market study and analysis can help a company to gain from taping new opportunities, maintaining existing consumers base and competing with market rivals in the changing market by developing, adopting and improving its product or service.” In light of the above statement explain why it is important to study market?What has my company done in the past with its: Target markets?Products? Pricing? Promotion? Supply chain?How does sustainability affect consumer involvement ?
- Is Service Marketing Different From Product Marketing? Discuss pros and cons in detail with suitable examples from any/various industries. Explain BrieflyDefine the Product Market Boundary Structure of any industry of your choice. Explain Briefly.• What type of Health, Caring and Safety measures did the Brand 'IKEA' focused on in order to maintain and follow the SOP’s?