Q: CAT Figure 1: Types of industrial products i. Figure 1 shows three types of industrial products.…
A: Business organisations purchase industrial products to do the further business operations. The main…
Q: Based on their characteristics, business products can be classified into what categories?
A: There are four types of product classification — convenience goods, shopping goods, specialty…
Q: Why must firms introduce new products?
A: New products and services are the foundation of any organization. Most organizations have growth…
Q: What is the main product category or sector which is the most important one in recent years, as…
A: A business can be described as an activity of trade which involves selling and purchasing either…
Q: In terms of product differentiation, why does Taco Bell test-market its new products for months…
A: Product is developed through using market research techniques where information about customers'…
Q: Select a local small manufacturing operation and evaluate its primary product. What stages of the…
A: Product life cycle refers to marketing concept which explains that every product that exists in the…
Q: ctivity 2 Product List. Enumerate at least 5 products and services offered in your market place…
A: A business provides solutions on customer's problem. Customer face these problems while trying to…
Q: Which Design Alternative will you choose and explain your decision?
A: THE ANSWER IS AS BELOW:
Q: What are the different type of marketing? how do they contributes to how supply company would…
A: Marketing is the process of making the customers aware of the product/service and using promotional…
Q: How total cost of a product is calculated?
A: The price a seller charges needs to consider, and be consistent with, the objectives and costs of…
Q: Explain why some products succeed and others fail?
A: Products are the major element based on which other elements are designed by the marketers. Products…
Q: ___________ Quantities of products that buyers are willing to purchase
A: Buyers are those people who purchase a product from a seller by paying a price. The prospective…
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: Define commercialization?
A: The process of commercialization putting up new items for sale for the public. The more detailed…
Q: Describe the stages of the product life cycle (PLC) and how marketing strategies change during a…
A: The product life cycle contains four particular stages: introduction, growth, decline and maturity.…
Q: In your own words, differentiate consumer products and industrial products. Which of the two…
A: Consumer Products-Consumer products, also known as final goods, are items purchased by individuals…
Q: Explain with the use of examples, why do some products experience long successful lives while others…
A: The products in the market also lead their life cycles. There are many similar products of different…
Q: what is the industry life cycle? and determine where the high-performance sportswear industry is?
A: The Industry Lifecycle can be elaborated as the concept of business that studies the different…
Q: Define the term cost competitive advantage?
A: A manager can regulate the competitive advantage of his association over his rivals by looking into…
Q: Illustrate the importance of new Products?
A: Ans. Introduction The progress of a new product normally requires impressive assets and the…
Q: Ster-Kinekor operates in an environment that is currently being disrupted by the COVID-19 pandemic…
A: A PESTLE analysis is a method for gaining a broad view of an industry's environment. Political,…
Q: How does an industrial product differ from a consumer product? Discuss the types of industrial…
A: An organization is created for fulfilling its objectives by doing the selected business. There are…
Q: In the _____ stage of the product life cycle, a product may be viewed as a commodity. a)…
A: The product life cycle basically has four stages. The first is the introduction then is the growth…
Q: Would it make sense to segment product geographically? Why or why not?
A: Above question is answered below:
Q: Please explain and provide proper example how do the companies make the shift to define their brand…
A: A brand can be defined as a kind of product which is produced by a company under a specific name so…
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: Who are the main partners in cosmetic products?
A: Beauty and cosmetics companies expand their business through partnerships. The cosmetics companies…
Q: Assess the attractiveness of the quick service industry (QSR) in Tim Horton’s domestic market.
A: The quick service restaurant (QSR), also known as fast food industry refers to a specific type of…
Q: Describe the unique selling point (USP) of 'food trucks' businesses which attracted local customer…
A: A big motorized vehicle (like a van) or trailer that can cook, prepare, serve, and/or sell food is…
Q: Discuss low-cost and differentiation tradeoff in relation to functional level to business level.…
A: The functional level schools of business goals of business refers to to the different departmental…
Q: Identify Five (5) signs that a Company Buyer could look for to indicate that certain suppliers are…
A: The above question is related to the topic of inventory and materials management, so let us first…
Q: How will the absence of one phase affect the outcome of tourism product?
A: Tourism: Generally, tourism is classified based on three stages such as before traveling, during…
Q: What role does the Product strategy choice play in achieving a competitive advantage?
A: Variables that allow a company to produce goods or services better or cheaper than its rivals are…
Q: Explain the term external marketing of service marketing?
A: Service marketing is a recent evolution in marketing with some features that are different from…
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…
Q: What is the difference between sole sourcing and single sourcing?
A: Difference between sole sourcing and single sourcing are as follows: Sole sourcing refers to a…
Q: What is the purpose of valuation in terms of industry perspective?
A: What is Valuation? Knowing what an asset is worth and what determines that value is a…
Q: Draw the matrix for Brand Development Strategies and then explain each strategy separately. Set…
A: Introduction: The term Brand refers to an identity of a particular company in which it describes the…
Q: DESCRIPTION OF MARKET INTEGRATION
A: Market integration refers to the situation in which the different markets for the similar product…
Q: Discuss the contention that differences in the performance of various firms within an industry limit…
A: Industry analysis is used to evaluate the position of a company with respect to its…
Define the Product Market Boundary Structure of any industry of your choice. Explain Briefly.
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- Give two examples of popular products with very clear benefits.What is the main product category or sector which is the most important one in recent years, as compared to 70 years back? ExplainIn your own words, differentiate consumer products and industrial products. Which of the two products is more likely hard to market?
- Explain with the use of examples, why do some products experience long successful lives while others have very short life cycles?What Is Select Providers?Death of a Product Porter’s Five Forces Model is an essential framework for understanding industries and market forces. Choose one of the categories listed here and analyze what happened to the market using Porter’s Five Forces: PDA and laptop computer On-demand movies and Blu-ray player Digital camera and Polaroid camera GPS device and a road atlas Digital books and printed books High-demand TV and radio