What are some questions that would be asked about product/service development metrics for a brand's peformance?

Q: Explain in details why firms must introduce new products and how they go about it.

A: ANSWER IS AS BELOW:

Q: Discuss the following for AMAZON: Companies' businesses and backgrounds Product chateristics…

A: Amazon began as an online bookstore but has since evolved into a web-based company primarily…

Q: Explain how product life-cycle strategies are summarised?

A: The product life cycle has four stages.  1.Introduction stage 2.Growth stage 3.Maturity stage…

Q: How does a product manager manage a product’s life cycle?

A: A product life cycle can be referred to as the amount of time a product goes from its introduction…

Q: Why is it important for marketers to understand the product life cycle?

A: The notion of a "product life cycle" defines the usual stages that a product goes through from the…

Q: Identify a business What is the product? What action is the business taking or planning to take?…

A: Below is the solution:-

Q: What is the product life cycle of DLSU and explain why?

A: Product life cycle is basically managing the entire life cycle of the product starting from its…

Q: What are the seven steps in the offering development process? What are the key activities in each…

A: 1. The seven steps in the offering development process are- Idea generation Idea screening Feature…

Q: What impact would the new product probably haveon total sales, profits, market share, and return…

A: Profit is the difference between the total cost and the total revenue.  Profit=TR-TC Sales means the…

Q: How does a product manager effectively manage a product's life cycle, and what does "creating a new…

A: Product life cycle can be explained as a lifecycle through which the product passes from…

Q: Assessing the current set of brand personalities is one of the aspects of evaluating the strategic…

A: A firm is a commercial enterprise, a company that buys and sells products and/or services to…

Q: How should the brand use various marketing strategies to create customer based brand equity for…

A: A marketing strategy is a corporation's overall strategy for reaching out to potential customers and…

Q: In what ways can a company adjust its brand portfolio? Explain each option with examples

A: Brand Portfolio can be described as the umbrella of one brand under which several smaller brands are…

Q: How do brand alliances contribute to expanding market reach and consumer engagement for…

A: Brand alliances are collaborations between two or more brands; they are also known as brand…

Q: What different strategies do firms use to extend the life cycles of their products throughout the…

A: The product life cycle gives the marketers an understanding of the stages of the product through…

Q: What factors could cause customer commitment to our brand or firm?

A: A brand is regarded marketing strategy that help in differentiation purpose for the product. It…

Q: What product do you want to produce as a product manager?   What are the product’s benefits? What…

A: New product development is key activity for any company. Every company's products goes through the…

Q: How might a company establish a brand identity in the marketplace?

A: The terms "emblem" and emblem" are frequently used interchangeably. But aleven though a emblem may…

Q: Discuss the four brand development strategies. Give an example for each strategy.

A: Brand development strategies refers to the different methods and techniques that businesses use to…

Q: Where do ideas for new products come from?

A: The development of product is divided into two categories where development could be related to…

Q: What are the key elements of a customer-centric product development process in a market-oriented…

A: The concept of a market-oriented organization is based on the belief that businesses should align…

Q: What is the importance of legitimacy and efficiency of a product in a business?

A: The term legitimacy can be defined as a rule or something that confirms a set of standards. It can…

Q: What are the benefits of successful new products?

A: You must balance the necessity and difficulty of new product development as a company to maintain…

Q: Please explain and provide proper example how do the companies make the shift to define their brand…

A: A brand can be defined as a kind of product which is produced by a company under a specific name so…

Q: Explain Why is it important to actually observe consumers and customers to develop new products?

A: When a company decides to design a new product and launch it in the market, the 1st step they take…

Q: What is the product life cycle, and how does a company manage a product throughout its different…

A: Concept Introduction :- The steps a product goes through from its inception to its eventual decline…

Q: What obstacles may a company have while attempting to establish "a defined brand strategy with a…

A: BRAND STRATEGY : It refers to the company's long term plans to achieve long term goals or…

Q: What are some common product strategies used in the growth state for a product's life cycle? How…

A: In the dynamic landscape of the business world, every product experiences a life cycle with distinct…

Q: Explain, in detail, with the help of any example from FMCG/Automobile/Consumer Durable industry,…

A: The product life cycle is the process from which products goes through from the time it is first…

Q: How does brand agility contribute to the long-term success and relevance of a brand in a fast-paced…

A: Brand agility refers to the ability to adapt to changing market, consumer, and production…