Determine the value proposition

Q: What value(s) is/are promised in the value proposition in Fig. 3.1?

A: The value proposition is what an organization promises through the product. It is the promise a…

Q: What does it mean to commercialize a product?

A: The process of bringing new products or services to market is referred to as commercialization.…

Q: How does the customer perceive the product?

A: Customer service is a standard for customer satisfaction, which is the planning of every retailer to…

Q: Describe about Product Life Cycle Management?

A: The product life cycle explains the different phases of a product beginning from the product idea…

Q: Define Specialty products?

A: Specialty products have notably distinct qualities and brand identifications for which a sizable…

Q: Name the Traditional model buyer -seller relationship?

A: Consumer Behavior plays an integral part in understanding the buyer's behavior and formulating…

Q: What is the importance of legitimacy and efficiency of a product in a business?

A: The term legitimacy can be defined as a rule or something that confirms a set of standards. It can…

Q: Classify consumer products?

A: Consumer products are those products that are sold to the consumers for final consumption or use.…

Q: Discuss the Product Concepts?

A: A product's name and features are combined to form a product concept. Given that it's the first…

Q: Discuss Evaluation of Alternatives and Purchase?

A: The first stage in the consumer decision-making process is the identification of the needs. Seeking…

Q: When can one say that a certain product has “value

A: A product is the offering by the company which are manufactured for selling purposes. The companies…

Q: discuss potential target market of food panda and marketing mix of food panda?

A: Foodpanda's business strategy is multi-faceted, with two interdependent client segments that are…

Q: Define Business products?

A: business product unit the product and services that people would like to buy to furnish their homes…

Q: the importance of the potential product

A: A potential product helps a company in many ways. Few of them are given below:

Q: What are the characteristics of a good product? provide three ways and explain each

A: A product is something that is valuable. Producers ensure that it is made available to the potential…

Q: Determine the value proposition.

A: Company is a legal entity which will create value for customers and shareholders. Shareholders we…

Q: Explain how to write a customer value proposition statement

A: A Customer Value Proposition Statement ( CVP Statement ) is a statement that clearly mention three…

Q: State the important features of a product.

A: Any item or service that you give to meet a customer's need or desire is referred to as a product.…

Intermittent Process

The term intermittent means something which begins & stops in between at intervals which are not regular.