Will the new product cannibalize sales of existing products or will it increase revenues by reaching new market segments?

Q: How will you market a product if your budget was reduced to half

A: In a usual scenario cutting the budget in half will adversely affect the marketing of products and…

Q: How will the product be positioned in relation to this market?

A: Product position refers to the marketing approach that represents the advantages associated with the…

Q: It is not necessarily true that all new products benefit consumers or society. What are some new…

A: New products launched in the society can be useful or harmful. It depends upon the way how consumers…

Q: Will national brands and a centralized approach to product decisions help or harm the future success…

A: Brand is a unique Identity of a company in the market. That brand can be recognised by brand…

Q: What ethical considerations should businesses take into account when making decisions about product…

A: Product pricing refers to the process of determining the monetary value or price at which a product…

Q: Would current customers benefit from the product?

A: Business analysis is a test to evaluate a new-product idea, usually before any prototype has been…

Q: Do mobile phones and tablets have any drawbacks? How do the cost savings stack up against…

A: Below is the explanation whether phones and tablets have any drawbacks:

Q: Do you think new technologies help companie

A: Every Business which starts its production has to think about marketing costs to launch the product…

Q: What are the key factors that differentiate a product from its competitors in a saturated market?

A: A saturated market refers to a situation where a particular industry or market segment is filled…

Q: What is the term for the socially responsible marketing concept of creating an inexpensive product…

A: Innovation is the practical implementation of ideas that results in the introduction of new…

Q: How are you going to raise awareness of your products within your target market efficiently?

A: The methods used for spreading products awareness among the targeted audience are explained below in…

Q: Discuss how the  characteristics of adoption will affect the success of this new product.

A: Relative Advantage. The relative advantage alludes to the degree to which a development shows up…

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: How does the price of the product compare to the prices of the similar products in the category?…

A: Marketer needs to perform various quality standards in order to ensure that the customers are…

Q: What criteria or elements would a company take into account when assessing the appeal or viability…

A: Market expansion  refers to growth strategy that involves introducing a product or service to new…

Q: Look for a nearby company that recently introduced a new consumer product as an example. Describe…

A: The four Ps must be carefully examined and wisely implemented in order to successfully market a…

Q: What is their favorite new product or service (new in the last year or so), what product do they…

A: Disclaimer: The answer is authored from a general perspective. Consumer behavior refers to the…

Q: imagine you are opening a shoe manufacturing company in south africa and one in nigeria for memory…

A: Every company should assess the market and its own strengths and weaknesses before entering any new…

Q: What challenges does a company face in developing new products or services?

A: There are many challenges which company face in developing new products or services. Some of these…

Q: How company can expand the total market and defend market share?

A: Companies looking to expand their market share at regular intervals to stay competitive in the…

Q: characteristics of an attractive industry? How would you identify that a target market is attractive…

A: Targeting strategy breaks a large market into smaller homogeneous segments to concentrate on a…

Q: Why would firms want to differentiate their products, even if “on average” consumers liked them…

A: Product differentiation is the key aspect and concept that does the job of distinguishing 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 kind of value do successful products deliver to consumers?

A: A consumer is a person who purchases goods or services for personal use. The term "consumer" is used…

Q: How does the level of market concentration and the number of competitors in a given industry impact…

A: Market concentration refers to the degree to which a few large firms dominate a particular market.…

Q: What is Product adaptation?

A: Adaptation and diffusion is the marketing strategy, diffusion is a strategy that is used to know the…

Q: Who is currently purchasing your products or services? Explain your answer. What audience will be…

A: Since you have posted a question with Multiple sub parts,we will solve the first three sub parts for…

Q: Please could you give an detailed answer on the market advantages of a Virtual Reality Children's…

A: The potential market advantages of a virtual reality children's video game include the immersive and…

Q: Describe the level of market orientation that currently exists in your company. How will a market…

A: Previously company used to be organisation centric and used to create products with prejudices and…

Q: What audience will be interested in purchasing the product in future? Explain your answer

A: * Introduction - The potential customers were the first line of expected customers who are expected…

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: In an era of intense competition, how can companies differentiate themselves from their rivals using…

A: The marketing mix is a strategic tool that helps companies to identify the key variables that…

Q: What is the importance of selecting the best product to meet market needs?

A: A product is something which is offered in the market to the customers for a certain price in…

Strategies in Marketing

Marketing strategies are long-term plans formulated to achieve business objectives and marketing goals. For a business to be successful, it should have a proper marketing plan to showcase its products and services to its target customers.