The meaning of new products and their examples.

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Answer 1

Question

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

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Answer 2

Question

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

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Answer 3

Question

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

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Answer 4

Question

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

Answer 6

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

Answer 7

Chapter 12, Problem 1MA

Summary Introduction

To discuss: The meaning of new products and their examples.

Answer 8

Expert Solution & Answer

Explanation of Solution

A product can be called as a new product if the product is new to the marketing world but this cannot be restricted in this only because a product can be called as a new product if they came under in the following categories:

If the product is new to the world
Example: If Company Q a famous car manufacturing Company introduces a new electric car which entirely new to the entire world.
If the product is new to the firm.

Example: If Company A who is engaged in the production of beverages introduces new kinds of snacks.

If the product is added to the existing product line.
Example: Company S famous smartphone manufacturing Company introduces Bluetooth headphones in their product line.
Introduced improved and revised the existing product.
Example: Car manufacturing companies will revise and improve each year with new innovation and technologies.
Repositioning.
Example: Repositioning the existing product of Company U to match with changing modern scenarios.
If the product is coming with a reduced cost:
Example: using new latest technologies and cheap materials in the existing production line and introduce the product with reduced cost.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 12.1 - Prob. 1PC Ch. 12.2 - Prob. 1PC Ch. 12.2 - Prob. 2PC Ch. 12.3 - Prob. 1PC Ch. 12.3 - Prob. 2PC Ch. 12.4 - Prob. 1PC Ch. 12.4 - 2. Why might placement decisions for products or...Ch. 12 - Prob. 1MA Ch. 12 - Prob. 2MA Ch. 12 - Prob. 3MA

The meaning of new products and their examples.

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To discuss: The meaning of new products and their examples.

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