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Give 3 examples of products that combine both the tangible with the intangible. list down of what they have of each.
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- Select one of the products that you have analysed and evaluate the possibility of turning this product into a business.Is the Sheisedocompany offering a Product (Tangible) or Service (Intangible)? Explain why is it classified as that product type? please answer in your words1. Explain how firms obtain new products and why it is an important process for companies and customers.
- Explain the features of the“DeLonghi Dedica coffee machine " for people to buy it.Read the following article. It discusses the critical marketing difference between features and benefits of a product. https://www.entrepreneurship.org/articles/2007/01/productservice-features-and-benefits 1. In your own words, describe the difference between a feature of a product and the benefit which a customer gets from a product. 2. Considering paint used by a homeowner: 1. Please describe 4 paint features you have found from looking at paint websites. 2. Please describe three benefits which are delivered by one of, or a combination of the features you described.What does it mean to commercialize a product?
- When it comes to building versus buying (a product off the shelf), what are the benefits to buying? What are the trade offs? When would buying be inappropriate? Where would we look to buy or license something? Are there other considerations?Five practical reasons why the the ultimate concrete product should segment their market4. Why do management need to analyze customer value and product life cycle? How do the two types differ? Discuss