Among the innovative product nowadays which do you think is the most important, explain your answer
Q: “Continuous market study and analysis can help a company to gain from taping new opportunities,…
A: Many companies ignore the importance of market research and continue with their existing products…
Q: Using a product that you have in your house or apartment, discuss how well you think it is…
A: The design of the product also influences the type of customers that need to tapped. The uniqueness…
Q: useful
A: Talking about the product differentiation then, it is about creating something new or innovating…
Q: What are the benefits of innovative products?
A: Innovative items can introduce new technology or methods of doing things. When the gas and electric…
Q: product you are familiar with. Do research about that product. Based on your knowledge of the…
A: Marketing is the process to bring more and more customers in the company. It also helps to increase…
Q: Discuss why an individual firm might deliberately market a set of products that compete with each…
A: Market cannibalization is a technique through which a firm intentionally launches or markets a…
Q: hat is the difference between a system-solution approach in marketing, as opposed to a…
A: System solution approach in Marketing. A system approach can be defined as “a set of objects…
Q: Death of a Product Porter’s Five Forces Model is an essential framework for understanding…
A: In today's rapidly evolving market landscape, understanding the forces that shape industries and…
Q: Review the New Product Development Processes described by Nike and Shopify. ● Nike Shopify Question…
A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Pick a familiar product: a camera, microwave oven, lawn tool, or something else. Shop for this…
A: Distribution channel is the medium through which the product move from the manufacturer to the…
Q: How do companies add value to products via their marketing channels? Give an example and explain
A: Marketing channels are all set of people or organization that perform activities to transfer…
Q: Describe the purchase decision process for adopting smart dust, and state how members in the buying…
A: Buying center is a group of people in a business who aid in making business buying decisions in a…
Q: What are the Advantages of Using IT in a Competitive Environment?
A: Information Technology (IT) is very crucial part of the environment. The changes in IT raises…
Q: Why is it practical to change the price or quality of a product at the growth stage? Discuss the…
A: A product life cycle refers to the duration in which a product is introduced in the markets upto the…
Q: Select an organization that you purchase products or services from and identify the organization’s…
A: A customer touch point refers to any kind of interaction customer is going to have with…
Q: In markets where customers have heterogeneous preferences and there are many potential technological…
A: One of the criteria that determines whether an industry will have one or a few dominating designs is…
Q: Select one of the products that you have analysed and evaluate the possibility of turning this…
A: Introduction I have an interest in designing true wedding wear clothes which have your favorite…
Q: There are many ways to look for ideas. We are told to read a lot, talk to people, and consider such…
A: 1. Marketing is that the shortcomings that I feel are inherent within the existing goods and…
Q: Is it possible to market a product without identifying their market? If so, is it possible to…
A: Creation of successful marketing communication techniques lets the business identify an objective…
Q: What products can be bought in your place? Make a list of products. Tabulate them as innovative,…
A: INNOVATIVE PRODUCTS: This refers to the use of new technology, methods, features, process, ideas,…
Q: Please briefly answer the following: Which firm/product are you examining? What is the…
A: McDonald's is the largest fast food American multinational company serving more than 90+ countries…
Q: sustain our unique value and position to customers?
A: The prospects for developing associate degree unique value proposition, or positioning statement to…
Q: Think of a propose new or innovative product/service that you will offer in the market as a student.…
A: New product/service means original products, product improvements, and product modification that a…
Q: Well-known products such as frozen foods and HDTVS stayed behind for many years before they entered…
A: All product bear what's referred to as the “product life cycle”, that maps the rough flight of a…
Q: I am producing a new product. Does the n
A: The invention is something that is being produced for the first time and innovation is making some…
Q: What are the strategic implications for a company whose product is in the decline stage of the life…
A: Introduction:- Product life cycle describe the stages when the product is introduce in the market…
Q: Discuss reasons why new products fail in the market?
A: 1 A lack of independent and unbiased research into the market and target audience While One of…
Among the innovative product nowadays which do you think is the most important, explain your answer
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- How can software products drive innovation and disrupt existing markets? Provide examples.How do companies add value to products via their marketing channels? Give an example and explainSelect a product you are familiar with. Do research about that product. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?
- In this module, the product life cycle was defined as a concept that explains how products go through four distinct stages from birth to death including: introduction, growth, maturity, and decline. Each stage is actually based on the market's response to the product. This dynamic causes firms to adjust their marketing strategies so that they are in alignment with the current stage. For this discussion, review the Product Life Cycle Strategies on pg. 304 in your text and respond to each prompt. Identify one product for each stage in the product life cycle (i.e., four different products) and explain how each product fits in its particular stage, as noted. • For the product you identified in the introduction stage, tell us what strategies you would use to launch this new product. For the product you identified in the growth stage indicate what strategy would be necessary to maintain brand loyalty as competitors now are entering the market. For the product you identified in the maturity…Please help.List and briefly describe 4 variables from the external marketing environment. Provide a brief description of how each of the variable that you list may be able to influence marketing decisions. For example, if you include "technology" as one of your variables from the external marketing environment, you could describe the manufacturing of micro chips that are in many of the products that people use daily, i.e., the camera in your vehicle that shows you what is behind you when you back up uses a micro chip. Many chips are manufactured internationally. Recently, Congress supported legislation that enhances production of micro chips here in the United States. Accessibility to micro chips, enhanced product features, such as rear view alerts for drivers, also enhances product development and innovation. All of the example impacts several aspects of marketing. Then, in your answer, you would list at least two aspects of marketing that can be impacted based on the information in the…
- As a consumer of goods and services, provide an example/story of when a product or service did not meet expectations or needs?Utilise a portable piece of technology such as a remote control, pocket computer, or mobile phone. While you are examining this product, make sure to take notes on how the user engages with it and pay attention to how they interact with it.Define the Product Market Boundary Structure of any industry of your choice. Explain Briefly.