explain the process of product adoption and the diffusionof innovations

Q: What is the combined effect on the market for consumer goods?

A: A consumer is described as a person that buys services or products for his or her personal usage and…

Q: Explore how businesses develop a product idea intoa commercial product

A: The promotional activities of an organization, that enhances buying or selling of their products and…

Q: What is the difference between innovators and early adopters?

A: The organization will have a specific structure based on the organizational size, and market…

Q: List and explain the steps marketers undergo to develop new product

A: When  the  concept  or  idea  for  a  product  is  actually  converted  into  the  product,  it  is…

Q: What is the impact of state and Local Laws on marketing?

A: There are various organizations and industries that are being active. Also, there are various…

Q: list and explain the steps marketers undergo to develop new products

A: Business is when group of people come together to create value for shareholders and customers.…

Q: explain relating the marketing functions to their various barriers

A: The marketing concept deals with identifying the needs and wants of the consumers and producing and…

Q: What are the differences between industrial vs. Consumer generalized goods?

A: Industrial goods, also known as business goods or capital goods, refer to products that are…

Q: Describe consumer behavior and its role inmarketing decisions

A: Consumer Behavior shows the factors which affect the consumer’s decision and the behavior as a…

Q: Discuss the role of marketing in society at large.

A: A society is made by a group of people who follow the same customs and stays together. Marketing is…

Q: Discuss the issues surrounding productuse and nonuse and their importanceto marketers.

A: In this dynamic marketing economy, product and services are the leading indicators between the…

Q: Outline the six steps in the consumer decision process.

A: The consumer dynamic process is the process by which consumers become mindful of and recognize their…

Q: discuss how The social environment of the society has an impact on the product launch

A: The social environment of the society has an impact on the product launch in the following way -

Q: How does technology impact marketing development strategies?

A: A market development plan is a business growth strategy that focuses on launching current products…

Q: What are the four marketing elements that distinguishservices from products?

A: A product is a tangible item that is put on the available for obtaining, attention, or utilization,…

Q: What are the benefits of enhanced consumer awareness for both consumers and companies?

A: Concept Introduction :- Consumer awareness refers to the knowledge and understanding that consumers…

Q: What are the five stages of the consumer adoption process?

A: Every new product or innovation will go through certain phases of adoption before going into main…

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.