Identify seven methods companies can use toprice products for business markets

Q: In what stage of the product life cycle is telemedicine? What role has mobile technology played in…

A: Telemedicine can be referred to as distributing health-related services and information using…

Q: Explain the hierarchy of brand association give give example?

A: The hierarchization (structuration) of brand aspects in a brand hierarchy is an approach to using…

Q: Describe the importance and types of product innovations.

A: Prroduct Innovation refers to the method of tackling an issue a high number of shoppers have. There…

Q: How do IHG’s multiple brands enable the company to address the needs of specific consumer and…

A: If a company is trying to serve every single person then it will dilute the value it is providing to…

Q: Discuss the different product objectives and strategies a firm may choose.

A: A product strategy outlines a company's strategic vision for its product offerings by stating where…

Q: Explain how firms obtain new products and why it is an important process for companies and…

A: Obtaining new product refers to New Product Development which is introducing a new product into the…

Q: discuss the Five Generic Strategies in relation to a shoe company

A: A company can provide to every person in the market. But their needs will differ so much that they…

Q: Describe IKEA's process for developing a new product

A: IKEA’s brand is associated with simple, low cost, stylish, good quality products. IKEA standardized…

Q: Explain the four choices companies have when devel- oping brands. Provide an example of each.

A: A brand allows to showcase the product as an individual in the market. It is a mark, a logo, a word…

Q: Describe in detail what is test marketing in product management?

A: Introduction:- At all phases of the research entire life cycle, production management is an…

Q: describe four organizational approaches to product development

A: Product development is a complete process of delivering a new products. The main idea of product…

Q: Describe the stages of the product life cycle and how marketing strategies change during a product’s…

A: Product life cycle consists of four stages:1. Introduction stage2. Growth stage3. Maturity stage4.…

Q: differentiate between industrial products and consumer [roducts

A: If the products are classified into the basis of final consumption the two categories arises : 1.…

Q: Describe four product types and purchasing practices with an example of each product type.

A: Consumer goods are those goods that are bought by the final consumers for their ultimate…

Q: Compare the marketing mix (7P’s) of services from physical goods.

A: The marketing mix is used by the firm to promote it's product and services in the market. It aims to…

Q: Product Analysis of Dunkin'

A: Dunkin: Dunkin is a multinational Quick Service Restaurant Brand operating through franchising…

Q: Compare and contrast the three major approaches tomodifying a product.

A: Product modification is basically the alterations made in the products to make it unique than its…

Q: What is the Product Life Cycle of Mang Inasal and explain why?

A: Mang Inasel is famous for its concept of unlimited chicken. The restaurant comes under the…

Q: Explain the term Approach?

A: Approach means a way of looking at any incident or happening. Approach is very important in any…

Q: give examples of succesful nee product categories in any industry and identify reasons for their…

A: When new products are introduced onto the market constantly but the extensive or huge majority of…

Q: Explain the levels of product.

A: A product can be defined as any tangible thing that has the ability to satisfy needs and wants of a…

Q: Explain the hierarchy of brand associations. Give examples at each level.

A: The hierarchization (structuration) of brand aspects in a brand hierarchy is an approach to using…

Q: 1 List the four reasons for developing aproduct line.

A: Product line refers to number of various products or services produced by a single producer,…

Q: ✓ Explain the four stages of theproduct life-cycle.✓ How does knowledge of theproduct life-cycle…

A: The amount of time between when a product is first offered to customers and when it is taken off the…

Q: In each level, identify a certain kind of product, form, or brand.

A: There are four stages in the product life cycle namely introduction, growth, maturity, and decline.…

Q: List the three approaches to product-relatedsegmentation.

A: Marketing segmentation is the function where business collaborates similarly customers into one…

Q: Explain the importance of developing new products and describe the six categories of newproducts

A: New Product Development brings several challenges for the marketers. Two of them are: Market…

Q: Development of recommendations for all the elements of the marketing mix: product, price,…

A: Introduction The customer is the person who buys products and services from companies to satisfy…

Q: List the types of Consumer Products?

A: Consumer goods, often known as final products, are those that consumers buy for their own use or for…

Q: Understand the importanceand types of productinnovations

A: Product Innovation does not always mean developing a brand new product which can address a…

Q: 10. Explain how brands are managed over geographical boundaries and market segments.

A: Operation management in an organization aims at providing the highest efficiency possible. It…

Q: Discuss the whole process of SDLC.

A: Companies' performance depends on the efficiency of the employees and every other factor in the…

Q: What is the role of social differentiation in brand management

A: Brand management is one of the most important aspect of marketing a particular product/service.…

Q: Explain how branding andpackaging strategies contribute to product identity

A: Рrоduсt  identity  is  the  оverаll  рersоnаlity  оf  а  рrоduсt.  It  is  соmmоn  fоr  сustоmers…

Q: Describe the various stagesinvolved in developing a newproduct or service

A: A product is an offering of the company to its customers to satisfy their needs and wants and earn…

Q: Create a plan phase for mobile phones in the product life cycle.

A: Product life cycle is the overall phases and the life through which a product goes through right…

Q: Explain the benefits of category and brandmanagement.

A: Brand Management- A marketing function that utilizes techniques to boost the perceived product line…