New product research-post due 3/29; comments due 4/2 A Locate an article about a new-to-the-market product. Discuss the risk and/or potential of this product and why. Why is it so innovative? What competition could we see in the near future and from who?
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- If we have selected a problem and it is healthcare access which is affecting our environment and we are thinking about a program to launch which is ( Mobile health clinics) Answer the following questions on our product: (just one line answer is needed) And please answer all of them. What are the direct benefits to the customer? • Approximate the best you can anticipate the size of the market? •Where are customers getting the product now? Why would they purchase from us? Is the industry that the business falls within, large and growing? (Favourable) Are the core technologies available? (Have, develop or get) • Are there any laws or regulations against this business concept? • Are there moral or ethical issues that need to be considered? Do our skills and abilities fit the business? •What are the skills needed that we don't have? •Who would we need to hire?• Assume that you need to do a market research before launching a “car service at doorstep” business . You want to understand consumers’ needs, wants, and the expectations from this type of product as well as their intentions to purchase it. • What questions will you ask in your research; provide 3 open-ended and 3 closed- ended example questions?The product ice cycleYou tell about the product life cycle for an entrepreneur in the process of developing a new product. Which of the following statement (s) do you say to the entrepreneur (which statement (s) are correct (a) statements): Select one or more options: The product life cycle is used as a segmentation variable to segment a market - The stages of the product life cycle can be a guide for companies in what an appropriate marketing strategy can be - The product life cycle looks exactly the same for all offers - You can see the product life cycle at different levels, such as product class or brand - The time it takes for different offers to go through the stages of the product life cycle varies
- using the opportunities you have identified above, describe:one product development recommendation, and explain why this idea should beadopted by your selected EV company.and One market development recommendation, and explain why this idea should beadopted by your selected EV company.Feedback from my professor on the market plan I wrote: Your product strategy section reads more like a product description. The strategy section is based on the product lifecycle stage and should articulate how you plan to strategically get your product to be tried, referred to, etc., within the target audiences you define. My paper I wrote: (I need some assistance on his feedback based on my paper, please): Product Strategy: The app is designed to connect mental health providers and their patients for the treatment and collaboration of mental health symptoms and diagnosis. The app offers a range of features, including mental health providers able to connect, secure messaging, video conferencing, and access to learning materials. The app is designed to be user-friendly and accessible to mental health providers and patients of all levels of technological proficiency. It is the only app available to meet the needs of all area providers to collaborate, while patients…A hotel runs several advertisements in the student newspaper of a localuniversity, promoting its Sunday brunch menu. The ads increase thenumber of people visiting its restaurant, but only slightly. Is thecampaign necessarily a failure? What other goals might the hotel havefor this advertising campaign?
- Q2. How can B&D increase the probability that the consumer will buy its new small appliance products? What are the success-factors (activities) associated with effective marketing your group can think of. List & explain each. Pls Answer the Question from Below Context : Black and Decker, a noted marketer of products for the do-it-yourself market, acquired the General Electric Company’s small home appliancebusiness in 1985 for $300 million. B&D had enjoyed a 50 percent market share in the worldwide market for power tools, but the recession of the early 1980s and competition, especially from the Japanese, forced changes in manufacturing and marketing at B&D and led to the GE acquisition. Makita of Japan, for instance, which offered competitive power tools at a lower price, and in a very short time its market share was nearly equal to B&D’s. Alongside emerged a host of other emerging brandsB&D executives realized that the company could not stand still, and ride on…Can you help me out with some elaborated explanation in following question? ~Why is marketing important in Dubai Airport ~The relationship between sales, customer service, product development andmarketing in Dubai Airport ~What the marketing department is actually doing, focusing on research and the 4P of Dubai Airport ~The role of marketing in building a brand of Dubai AirportDo a simple research. Provided one specific example of recent product changes (example: new products that are replacing older ones). Do these changes add value to that certain product? Why or not? Cite sources properly.
- 1. Developing new product (skincare)? 2 write about research question about Developing new product (skincare)? 3. What are the important steps before release ur new products? Explain about : 1. Timing 2. Price 3. Packaging 4. Your new product's name 5. Promotion 6. Know your target market 7. Know your competition 8. Test your new product repeatedly 9. Seek reviews 10. Be strategic and patient1. In the company's projection of their product line’s likely success, what assumptions do you believe they have made, and do you agree with all of them? 2. What kinds of pre-launch marketing questions about any of the 4Ps do you have?3. What kinds of marketing research would you suggest for them to address your concerns?A popular Indian Brand wants to establish, retail chain hyper-market in all metro cities in the country. Before they establish, the company wants to know their success rate compare to other competitive brand. (i) Formulate a Market Feasibility Survey Plan (ii) Develop a marketing questionnaire to know the success rate of the competitive brand.