To what extent has the use of technology influenced product and service development?
Q: E strategies and ild implement
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Q: Select a product and based on knowledge of the product life cycle, what types of changes will occur…
A: Product life cycle or PLC - It is the process through which a product goes on from its introduction…
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: Based on their characteristics, business products can be classified into what categories?
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Q: Why must firms introduce new products?
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Q: Select a product you are familiar with. Based on your knowledge of the product life cycle, what…
A: Product life cycle or PLC - It is the process through which a product goes on from its introduction…
Q: In the business world, how do consumers provide value to a product or service?
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Q: What are the factors used to produce goods and services?
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Q: Why are some construction companies aggressively pursuing marketing?
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Q: Identify and discuss any two risks that may occur during a systems development process.
A: The two major risks that may at the time of the systems development process are as follows. Budget…
Q: Define business product (industrial product) ?
A: The grouping of products and services is crucial for the business as it provides a component in…
Q: What others think or how others perceive us will influence our choice of product or service.…
A: Customers behavior states the attitude and personality of customers that are seen when they make…
Q: Which Design Alternative will you choose and explain your decision?
A: THE ANSWER IS AS BELOW:
Q: To which industry do cleaning tools or equipment like brushes for devices belong?
A: Cleaning tools are those tools that are utilized for the purpose of cleaning other objects or…
Q: Is there something unique or distinctive about the product or service that separates it from…
A: The value proposition is the solution offered by the company on the customer's problem. For this,…
Q: How do companies add value to products via their marketing channels? Give an example and explain
A: Marketing channels are all set of people or organization that perform activities to transfer…
Q: Define the Product Market Boundary Structure of any industry of your choice. Explain Briefly.
A: There are different organizations and industries that are active these days. There are different…
Q: Which obstacles do manufacturers face when it comes to cost control and cost reduction?
A: Cost control and cost reduction can be broadly defined as a process where the expenses are reduced…
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: Adam Smith advocated _______ to produce products more quickly.
A: Adam Smith advocated _____ to produce products more quickly. Solution: Production, construction of…
Q: How do the consumers dispose off the purchased goods or services?
A: These days, a variety of businesses and organizations are functioning. The organizations provide a…
Q: In markets where customers have heterogeneous preferences and there are many potential technological…
A: One of the criteria that determines whether an industry will have one or a few dominating designs is…
Q: list three reasons that motivate organizations to develop or adapt products
A: Introducing a new product or a product advancement in the market can be a risky and time consuming…
Q: Will innovative technologies and innovations produce outcomes in both manufacturing and services?
A: Company growth is where companies launch innovative market development processes, services and…
Q: How can the company differentiate its goods and/or services from those of its competitors?
A: The following is the response:
Q: Describe how research and development leads to new products.
A: Research and development - R&D involves researching your market and your customer needs and…
Q: Why is the way in which companies develop their products and services so important?
A: Companies develop new products to get growth and sustain in the markets for the long run. The…
Q: What products can be bought in your place? Make a list of products. Tabulate them as innovative,…
A: INNOVATIVE PRODUCTS: This refers to the use of new technology, methods, features, process, ideas,…
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A: Customer loyalty Customer loyalty means that how much the products and emotional feelings of…
Q: Explain with an example how sustainable marketers can overcome the performance barrier to better…
A: Even after so much efforts made by the companies to encourage people on using the green sustainable…
Q: Why is product development a cross-functional activity—involving finance, engineering,…
A: Business processes play a vital role in the efficient functioning of the organization. Business…
Q: Create a list of potential target markets of different companies whether it offer products or…
A: List of potential target market of different companies are explained below:
Q: product life cycle
A: The product life cycle is the entire process of explaining how a product goes from when it’s…
Q: Considering your day-to-day experience in purchasing a product in the market, how will you describe…
A: Product Description let you put your customers first.
Q: Understand the drivers that affect organizational design in purchasing and supply management
A: The Following are the drivers that affect organizational design in purchasing and supply…
Q: How will the organization differentiate its products and/or services from competitors’?
A: Companies must differentiate their products or services to get a competitive edge in the market.…
Q: How may regions and zones help improve application resilience, availability, and performance?
A: In this answer, we will be discussing a few significant ways in which regions and availability zones…
Q: How does consumers provide value to a product or service?
A: Customer value is the perceived value of a customer for a good or service, that is recorded as the…
Q: Discuss reasons why new products fail in the market?
A: 1 A lack of independent and unbiased research into the market and target audience While One of…
To what extent has the use of technology influenced product and service
development?
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Solved in 2 steps
- Think of a new or revised product or service that you would like to see on the market. Discuss the implications of producing that product or service relative to legal, ethical, environmental, profitability, competitive, design, and production issuesWhy is the way in which companies develop their products and services so important?How can software products drive innovation and disrupt existing markets? Provide examples.
- What are some advantages and disadvantages of technological advances designed to facilitate buyer–seller communications?Discuss THREE (3) decisions involved in developing and marketing individual products and services for this newly-built complexWhat technical benefits may a business experience by selling its products via Amazon rather than its own e-commerce website?