Q: What is a product mix? Name and describe the four important dimensions of a product mix.
A: A product mix can be referred to as the complete set or mix of products or services offered by a…
Q: 1. How do hospitality products differ from product of other industries? Give at least five specific…
A: Disclaimer: Since you have asked multiple question, so as per company policy, we will solve the…
Q: What are the important issues in deciding on the product line?
A: Every company will try to create value for its customers in terms of products and services. It will…
Q: Define the terms product item, product line, and product mix?
A: To keep track of the various products they make and sell to clients, many companies that sell…
Q: Explain why product extension and refinement are important.
A: Product extension is the strategy of introducing new items in the same product category under the…
Q: Define the terms Product Items, Lines, and Mixes?
A: The companies are aiming to earn more customers for their goods and services. So they are…
Q: 4 stages of product life cycle explain deeply every step ?
A: A product life cycle refers to the duration in which a product is introduced in the markets up to…
Q: Name the eight major stages in new product development?
A: The survival of any organization requires new product development. It is the process of designing…
Q: Which Stage of the Product Lifecycle Would You Describe?
A: The term product life cycle refers to the length of time a product is introduced to consumers into…
Q: describe the key stages of the product lifecycle curve. In what stage of the product lifecycle do…
A: The product life cycle describe the different stages through, which a product goes through. There…
Q: what are the possible product strategy for small coffee and snack shops?
A: A product is an offering sold by a company to fulfil consumer needs and earn profit. It is tangible…
Q: . How does an organization’s product mix relate to itsdevelopment of a product line? When should an…
A: A product mix refers to the quantity of a single product or service, that firm can offer and also;…
Q: . Discuss various stages in the product life cycle
A: A product life cycle is that the cycle that a product goes through, from development to say no.It's…
Q: Product Life Cycle
A: The need to know what stages of the Product life Cycle its products are in to decide the marketing…
Q: Name and define the stages of the product life cycle.Do all products follow this pattern? Explain.
A: Product life cycle refers to the progression of product juncture at the marketplace. It presents the…
Q: Explain the difference between a product line and a product mix and provide examples to illustrate…
A: Product is outlined as something that's offered to the public for purchase by the corporate. There…
Q: ‘Product planners need to think about products and services on three levels’ What is a product,…
A: In showcasing, an item or product is an article or framework made accessible for shopper use;…
Q: Discuss all stages in Product Life Cycle and provide a real example of each stage.
A: Product Life Cycle (PLC): This concept was given by economist Raymond Vernon in 1966. The basic idea…
Q: What are the ways to improve a product mix?
A: In marketing mix, there are four types of mix which are product mix, price mix, promotion mix and…
Q: What could the impact be on the brand if we allow other companies to copy our branding? Explain in…
A: Ans. If a business allows other companies to copy their branding then it is called copycat branding.…
Q: How Would You Describe Each Stage of the Product Lifecycle?
A: Introduction: Product life cycle is the total time that a product spent from getting introduced in…
Q: what a product needs advertisment. Is this true of all products? Discuss.
A: In my opinion all products need to be advertised in today's time. The main reason for it is-
Q: Why line extensions are more common than new products?
A: Product- It is any item or service that a company sell to serve their customer's needs and wants.…
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: Brainstorm a new product concept by blurring and stretching products, brands and packaging. The…
A: The new product will be a potato chip being packed in paper-based packaging. The environment being…
Q: Describe what are the ways to improve a product mix and explain two approaches to use existing…
A: The total number of product lines accessible to an organization's clientele is the product mix. This…
Q: How does an organization’s product mix relate to its development of a product line? When should an…
A: The product mix and product line of the organization are closely related to each other. Many…
Q: Briefly describe the key stages of the product lifecycle curve. In what stage of the product…
A: Customers are the people who are going to purchase the goods and services present in the market.…
Q: C. From the product mentioned in part A above: Briefly explain the stages of the product life cycle…
A: Human beings have a life and they go through different stages of their lifecycle, similarly, a…
Q: Name the categories into which new products are grouped?
A: Product classification means classifying the products according to the needs of the…
Q: Name and define the four product/market growth strategies in the product/market expansion grid.…
A: Ansoff Matrix is one of the most commonly used strategic tools which was developed in the year 1957…
Q: 2. Name and describe the five stages of the Product life cycle. Identify a product class, product…
A: Product life cycle management is the method of planning ways to consistently sustain and operate a…
Q: What are the advantages of product mix?
A: A product is an item that a company makes or buys to meet the needs of its customers. It is the…
Q: What does it mean to license a brand? What is cobranding?
A: A brand is a crucial element in an advertising theme as it demonstrates what the brand owner can…
Q: Which process is performed when the product line has been determined?
A: the product line implies a gathering of items that are connected in light of the fact that; they…
Q: How product life-cycle leads to new product development?
A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…
Q: What stage of the product life cycle best applies to Day2Night’s shoe line?
A: The process of evaluating a product from being first introduced in the market to the removal of the…
Q: Why do companies think of line extensions or product withdrawals and not go in for product line…
A: Line extensions are a quick and affordable way to increase sales temporarily. A business with a…
Q: Why is product specialization important? Who is responsible for setting the level of…
A: Product specialization is a market strategies used by the companies . A research of product…
Q: Name the two general categories in which products can be grouped?
A: Product: A product is considered as a tangible good, but it can also be an intangible in terms of…
Q: Please read carefully and answer all of the following questions: 1. Compare and contrast line…
A: Note: Since you have posted multiple independent questions in the same request, we will solve the…
Q: What is the procedure for Product Expansion?
A: Product expansion is an approach used by a business to grow by reaching new customers, meeting…
Q: How can I introduce a product to the Maturity stage in the product life cycle?
A: The maturity stage is the third stage of the product life cycle which shows the rise and fall of…
Why do business think of line extensions or product withdrawals and do not go in for modernization of the product line?
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Solved in 3 steps
- Why do companies think of line extensions or product withdrawals and not go in for product line modernisation?How does an organization’s product mix relate to its development of a product line? When should an enterprise add depth to its product line rather than width to its product mix?. How does an organization’s product mix relate to itsdevelopment of a product line? When should an enterprise add depth to its product line rather than width toits product mix?
- ‘Product planners need to think about products and services on three levels’ What is a product, explain the three levels of a product and how would they apply to Qantas’ offering? Please explain everything in depth.What are the important issues in deciding on the product line?The manager must first determine the type of relationship that exists among the various products in a line,Explain with an example?