Case summary:
Most of the women are interested in wearing high-heeled shoes mainly for their fashionable looks. However, every women is aware of the issues in wearing high heels. For example they do not feel comfortable for anything more than a light walk with short distance and for other activities they would have a second pair of shoes.
The DN Convertible heels enters to the market for this reason. The DN Convertible heels is created by a women who had faced difficulty after a hard night of dancing. The shoes are convertible to anyone of four heel sizes from low-heeled pumps to spiked-heeled stilettos.
The interchangeable heels will convert the high heels into a high-tech plan. Beyond introducing the line of shoes the DN Convertible heels is planning to license the technology to other manufacturers.
Characters in the case:
- DN Convertible heels
Introduction:
A product is a service or physical item that can be offered or made to a customer in order to satisfy their wants and needs. A company gets new products in two ways. One is acquisition and another one is developing a new product.
To determine: Whether the DN Convertible heels are likely developed on the basis of the stages of new product development.
Want to see the full answer?
Check out a sample textbook solution
Chapter 8 Solutions
Marketing: An Introduction Plus MyMarketingLab with Pearson eText -- Access Card Package (13th Edition)
- Good evening, everyone, A product that was introduced to me by a coworker was a wireless label maker machine that he purchased from Amazon named Phomemo D30. The label maker provides usage as a portable Bluetooth mini label printer, smartphone handheld thermal sticker with multiple templates fonts icon for a home office. Marketing innovation of this sort can offer a business a high scale profit since wireless is the number thing of convenience for on the go. Due to these sectors' recognition of the vital role label printers play in increasing operational effectiveness and product traceability, demand for them has skyrocketed globally. The growing need for convenient and user-friendly label printing equipment in the manufacturing industry is one of the main reasons driving the market's growth. Because of their adaptability and user-friendly features, desktop and mobile/portable printers are becoming more and more popular as industries continue to modernize and simplify their…arrow_forwardConsider AirPods Pros and the Phomemo D30. How does the value of airpod pros differ and compare to that of phomemo D30 organizations and customers? Consider how AI and other developing technologies may affect new product creation.arrow_forward1. What effect could an obsession about protecting market share have on a company's long-term prospects? 2.arrow_forward
- What does the following article say about the normative and regulative legitimacy of the marijuana industry? https://news.gallup.com/poll/514007/grassroots-support-legalizing-marijuana-hits-record.aspxarrow_forwardWhat are the two types of monetary formats supported by Excel, and what are the specifics of each?arrow_forwardWhat does the Find and Replace command in Excel do, and why would you use it? Name the steps in using the command if you wanted to replace all occurrences of the word “peaches” with the word “pears.”arrow_forward
- Discuss the importance of aligning a company's purpose with inbound principles. How does this alignment impact marketing strategies? Draft this section for Kroger.arrow_forwardMarketing strategy in ways marketing plans differ at various levels in an organization.arrow_forwardFor your initial post this week, please answer all of the following in your initial post: Reflect and consider innovative products new to the market. Provide an example of a new product you have purchased recently that you would consider innovative. What value did the product's development bring to the organization and customers? Why is innovation in markets important?arrow_forward
- Discuss the importance of aligning a company's purpose with inbound principles. How does this alignment impact marketing strategies? Draft this section for your project client.arrow_forwardPlease provide answerarrow_forwardWhat steps must a business take to implement a program of social responsibility? Provide an example of a business who has done so.arrow_forward
