Single Product versus a Product Line: • what are the 5 differences of the two? • is there a similarities between them? • give 3 simple examples that explains the single product and product line
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Single Product versus a Product Line:
• what are the 5 differences of the two?
• is there a similarities between them?
• give 3 simple examples that explains the single product and product line
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- 1). Explain Product Mix Strategies in Detail with Examples?Explain with examples how to implement product mix decision in the business ?what is market mix. why is it important when launching a new product from an exsisting company. What? Who? Where? When? Why? How? ( market mix for a new product at an exsisting company :) )
- 1. How do hospitality products differ from product of other industries? Give at least five specific examples 2. What are the three perspective involves in making decision about creating or modifying a hospitality product? 3. In your own words how will differentiate blueprinting to value chain analysis? 4. Why do management need to analyze customer value and product life cycle? How do the two types differ? Discuss 5. What is the role of the hospitality product decision in the hospitality market offer?Give one example of a particular product for introduction stage (from Product Life Cycle) and make an explanation why such product is classified in that particular stage.Q)Discuss in detail the market segmentation and segmentation basis and levels. Also discuss the product life cycle and new product development strategies with the support of examples.
- CAT Figure 1: Types of industrial products i. Figure 1 shows three types of industrial products. Classify the products in the photo and describe the characteristic of each product type. ii. Select any one type of the industrial product above. Discuss the implications of the product characteristics on the marketing strategies of that particular product type.Lack of profit in the introductory stage of the product life cycle is very often the result of� Question 5 options: insufficient allocation of resources to the marketing mix. poor selection of distribution channels. lack of consumer interest in the product. large investment costs in product development.A brand of soaps offers both bar soaps and liquid soaps. Will these be classified as being under the same product line, are these considered as different categories (width), or are these considered as product variants (depth)? Explain.
