A company in the consumer electronics industry is experiencing a decline in its market share due to increased competition and changing consumer preferences. The company's products, once popular, are now losing traction in he market. Why should the company do PRODUCT INNOVATION AND DIFFERENTIATION? ntro Body Conclusion Please give a real-life example

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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A company in the consumer electronics industry is experiencing a decline in its market share due to increased
competition and changing consumer preferences. The company's products, once popular, are now losing traction in
the market.
Why should the company do PRODUCT INNOVATION AND DIFFERENTIATION?
Intro
Body
Conclusion
Please give a real-life example
Transcribed Image Text:A company in the consumer electronics industry is experiencing a decline in its market share due to increased competition and changing consumer preferences. The company's products, once popular, are now losing traction in the market. Why should the company do PRODUCT INNOVATION AND DIFFERENTIATION? Intro Body Conclusion Please give a real-life example
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