How do industry profits change as a product movesthrough the four stages of its life cycle?

Q: What are non manufactured goods?

A: NON-MANUFACTURED GOODS

Q: What is product knowledge in sales and why is it important?

A: Product Knowledge: Product knowledge is defined as having a complete knowledge of the Product in…

Q: How do companies use target markets to sell products?

A: The selection of the target market is the second stage in the marketing planning process. This step…

Q: Is technology the primary determinant of the products in the firm? Explain how?

A: Technology refers to the processes through which inputs are converted into outputs. Technology is…

Q: What are the stages in the life of a product? What is the significance of knowing these stages in…

A: The term item product cycle alludes to the time allotment an item is acquainted with buyers into the…

Q: Is Marketing important in the success of a brand or product in the market? Why? by your own word

A: Marketing strategy refers to the technique or the way through a company is successfully able to…

Q: What are the most important factors (three) in launching a new product

A: Launching a new product can be a challenging yet exciting endeavor for any business. Bringing a new…

Q: how does integrated marketing contribute to building a strong and recognizable brand?

A: Integrated marketing is the delivery of a consistent brand message through the intelligent…

Q: What is a businesses product mix?

A: A product is an item or commodity offered for sales by a company to customers in order to satisfy…

Q: What are the four types of consumer products?

A: A product can be defined as a anything that has the ability to satisfy needs and wants of a…

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: How do marketing activities add value to products?

A: Marketing is developing a message about a product or service and effectively communicating that…

Q: What is the importance of product value in marketing?

A: Marketing can be defined as a field of business studies which deals with how a company makes its…

Q: What is the concept of branding in marketing, and how does it influence consumer behavior?

A: Marketing is a comprehensive and wide term that includes all resources and group of business…

Q: As a marketer, why is it necessary to consider product life cycle management and align it to your…

A: Product life cycle: A product passes from different phase in the market which effects its supply and…

Q: at are the key factors that influence consumers' adoption of new and innovative produc

A: Everett M Rogers is the person who has identified the list of factors that will influence the…

Q: How does marketing management contribute to new product development and innovation?

A: The concept of marketing management revolves around understanding and satisfying customer needs and…

Q: What are some of the characteristics of consumer products?

A: Introduction : Consumer products, often known as final goods, are items acquired by individuals or…

Q: What does marketing an idea have to do with branding and vice-versa?

A: Marketing is an Idea involves promoting, analyzing, application, advertising, conductive informative…

Q: How does marketing orientation influence product development and innovation processes?

A: Marketing orientation, or market orientation,  can be considered as a business compass. Its needle…

Q: In buying products, what do customers are actually attracted to?

A: As a business owner, you want to make your products known to the public and get customers buy them.…

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 does marketing involve?

A: There are various organizations and industries that are active these days. There are also many…

Q: What is a new product? Why is understanding new products so important to marketers? What are the…

A: New products are products that have never been made or sold before that have been taken to the…