Explain the five types of discounts for business products.

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: List three of your favorite brand names. What do you like about the product and/or brand name? What…

A: A company will sustain for long only when it has a community of loyal followers. Creating this…

Q: Select a strong brand of your choice and explain reasons?

A: A strong brand indicates how much a brand is recognizable among the masses. A brand helps in…

Q: Product classification (what it consists of

A: Product classification arranges items into four classifications dependent for the most part upon…

Q: Is it possible to continually extend a brand to increase the life cycle of a product?

A: Product life cycle is the course of life of a product. It begins when a product is introduced in the…

Q: How do brands help customers in product selection? How do brands help companies introduce new…

A: A brand is a name, symbol, design, a word or sentence that distinguishes a product from the…

Q: Describe the different stages of product life cycle. Please identify a product of your choice and…

A: The product life cycle refers to a concept which studies the different stages which a product…

Q: Based on the product life cycle concept, discuss the marketing strategies for the newly brand…

A: The product life cycle is the process through which a product goes from the time it is initially…

Q: Cycle

A: Talking about the product life cycle then, it is the life cycle through the which each of the…

Q: Discuss how the profitability of your product will change as it moves through each of the phases of…

A: Profit is the amount of revenue left over after all expenses, debts, and other costs have been…

Q: A “fast pass" at an amusement park is an example of what type of product? Augmented product Actual…

A: The correct option is option a. Augmented product.

Q: How can the three levels of the product be differentiated from one another? Give examples of each…

A: The levels of the product are classified as the levels on the basis of the functionality of the…

Q: Explain the 5 types of discount for business products?

A: The following are the five most popular types of discounts: Quantity discounts Functional discounts…

Q: Explain the three levels of product?

A: А  рrоduсt  meаns  sоmething  thаt  hаs  vаlue.  It  is  mаde  аvаilаble  tо  the  сustоmers  in…

Q: What choice of brand elements would you suggest that can be very effective for the company’s product…

A: Marketing is a vast field. It includes various topics like pricing, segmentation, branding, etc.…

Q: Describe four product types and purchasing practices with an example of each product type.

A: Consumer goods are those goods that are bought by the final consumers for their ultimate…

Q: Give two examples of popular products with very clear benefits.

A: There are a lot of products but we need to know the exact benefits that we can get from it. What are…

Q: how does fixed costs create difficulties in costing units of products

A: Fixed costs are those uses that do not change dependent on deals and sales. That is, they are set…

Q: Identify the five different types of brands.

A: Brand is the specific identification of a company, individual or an organisation. For example, It…

Q: Compare two product of different brand but with the same specification, purpose and/or use. Identify…

A: Product class Colgate may be a well-known International corporation notable for its toothpaste,…

Q: Essay about the below: Product Life cycle: Growth strategies:

A: Marketing management is the practical process of executing marketing plans in real world. It…

Q: Describe the major strategies for pricing new products.

A: The pricing strategy that companies entering into the new market with a new product adopt are…

Q: Give an example of a product that has undergone the four phases of the productlife cycle and has…

A: After a product reaches the market, it enters into the product life cycle. This cycle has four…

Q: In each level, identify a certain kind of product, form, or brand.

A: There are four stages in the product life cycle namely introduction, growth, maturity, and decline.…

Q: Describes the stages a new product goes through in the marketplace: introduction, growth, maturity,…

A: The Product Life Cycle is the span of life of a particular product which is introduced in the…

Q: Discuss the extendibility of any two brands of your choice and state why how introduction of new…

A: A brand extension can be described as a marketing strategy in which a company decided to launch its…

Q: Discuss how a company can maintain success for products in the mature stage of the product life…

A: Product Life cycle explains how a product would enter and leave the market during its life span. It…

Q: Discuss the factors that could contribute to the failure of your product. How will you define…

A: Every company will create services and products to solve the problems of consumers. If the product…

Q: Describe the concept of brand equity. Think of a company (besides NIKE and coca-cola) that has…

A: Below mentioned are the various reasons why understanding consumer perception is important: 1.…

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: Differentiate the four stages of the product lifecycle in terms of industry sales and profits.

A: Product life cycle has four stages: 1. Introduction Stage: In this stage, company introduces its…

Q: Explain the summary of product life-cycle strategies?

A: Introduction: As we know product life cycle strategies involve various deep analysis of the market,…

Q: what is brand equity? identify and explain the major elements of brand equity

A: Concept Introduction Brand equity is the worth of having a recognizable and well-recognized brand as…

Q: Take five products/brands, write down the reasons of their failure.

A: To be successful in the market, the products and services should possess certain features. Those…

Q: Why do new products fail

A: The  new  рrоduсt  оr  serviсe  dоes  nоt  fit  with  the  сustоmers'  рerсeрtiоns  оf  the  соre…

Q: What do you understand by the term 'product life cycle'? Illustrate your answer using an example of…

A: The product life cycle is the process that a product passes through from the time it is initially…

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: Understand why some products succeed and others fail

A: Product failure is a demotivating factor for many factors as marketers make a lot of effort to…

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…

Q: Complete the table below by supplying it with products that you consider similar. Write the product…

A: A product can be defined as any tangible thing that has the ability to satisfy needs and wants of a…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”