Explain why product extension and refinement are important.

Q: What are the basic differences among a single product strategy, a strategy based on related…

A: Strategy: A strategy entails combining operational practices as well as using and allocating limited…

Q: the competitive rivalry faced by voltas. And also the product differentiation of voltas in respect…

A: Voltas is an Indian company established in 1954 in Mumbai. It deals in various segments like -…

Q: Explain Product Life Cycle in detail with help of practical example

A: Introduction Stage: At this introduction stage, it requires more investment in marketing to make…

Q: Discuss all stages in Product Life Cycle and provide a real example

A: A product refers to the item or service that is offered for sale. Each product is built with some…

Q: What are the major problems of product differentiation in food and beverages industry? Explain.

A: Concept Of Product Differentiation - Product Differentiation, is that kind of concept, which makes…

Q: What is the product life cycle? Discuss briefly the stage

A: Product life cycle: Product life cycle refers to the length of time in which a product is found to…

Q: define the stages of the product life cycle.Do all products follow this pattern? Explain.

A: A product is an item that is manufactured by the company for the purpose of selling and earning…

Q: How does a product manager manage a product’s life cycle?

A: A product life cycle can be referred to as the amount of time a product goes from its introduction…

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: 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: Discuss 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: Why do business think of line extensions or product withdrawals and do not go in for modernization…

A: The act of introducing a new product in the existing product line is called as "product line…

Q: Explain the generic product development process and how it will change for technology push products…

A: A nonexclusive brand is a buyer item without a broadly perceived name or logo since it ordinarily…

Q: When to use the product life cycle?

A: The progression of stages that a product goes through throughout the course of its lifespan,…

Q: Explain the term new product development?

A: In this dynamic world, developing a new product is necessary as the customer tastes and preferences…

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: Describe the differences b/w functional and innovative products?

A: Functional products re those that meet basic needs and do not alter significantly over time. These…

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: When it comes to product lifecycles, how would you describe each one in detail?

A: Product- A product is any service or item that an individual sell to serve a need or want of the…

Q: Provide a short explanation for each of the five steps of the product development strategy that…

A: Product development strategy refers to the actions taken to introduce new product in the market or…

Q: Explain the product design phase?

A: Anything which is tangible is a product. We are surrounded by products now and then. But it should…

Q: Describe the process of Developing and Managing Products?

A: The process of developing and managing a product includes all the steps required to take it from…

Q: Analyze the importance of involving customers and suppliers in the new product development process.…

A: Product development means to involve all the steps to come together for leading a new product from…

Q: How does an OM strategy change during a products life cycle?

A: Product life cycle can be referred to as a marketing concept that explains that all products in the…

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: Prepare a summary of variants of generic product development process for smart pen.

A: Characterization of the reference product, design  of the product, design of a consistent…

Q: What is the product life cycle  Describe each stage of the product life cycle (with diagram).

A: Marketing Management can be explained as the procedure of doing something or dealing with something…

Q: Define product lifecycle?

A: A product is the solution which company offers to customers in terms of goods. It Is tangible whitch…

Q: Discuss product life cycle in detail with the help of practical examples?

A: Introduction Product life-cycle means the time period a product is introduced to the consumers in…

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: What is product differentiation?

A: Product differentiation is a marketing strategy that encourages consumers to select one brand or…

Q: Explain the New Product Development process in sharp elctronic company ?

A: New product development covers the complete process of bringing a new product to market, renewing an…

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: What is PHASES IN PRODUCT DESIGN AND DEVELOPMENT?

A: The product development process encompasses all the activities from idea generation to making the…

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: How product life-cycle leads to new product development?

A: Marketers, executives, and designers all benefit from understanding the product life cycle. It…

Q: With the help of diagram discuss the stages of product life cycle. Also discuss the reasons products…

A: Product Life Cycle It is a time span between product ideas gets developed and introduced into the…

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: Briefly describe the phases in product design and development.

A: Phases in product design and development are: Idea generation: In first phase, companies have to…

Q: List and describe the four stages of the product life cycle.  Name a strategy for one of them, and…

A: Product life cycle is the stages that a product goes through from the time it is launched in the…

Q: Illustrate the influence of the product life cycle?

A: A product life cycle states the amount of time a product will go from being newly introduced into…