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- Draw the product life cycle with all the stages in it, as well as sales and time markers.
Step by step
Solved in 3 steps with 2 images
- Select a product and based on knowledge of the product life cycle, what types of changes will occur to that product as it continues through the product life cycle? How will this affect the marketing of the product?Discuss the Product Concepts?Discuss the market segmentation for customer market of a product and it's requirements?
- Argue about the manager's role in managing the product's brand in the target market.Describe the product-market fit (PMF) concept in the context of software product development. How can it be assessed and improved?Design your product and provide it a name and a description and visual/picture of it (this can be your own drawing or an image from the internet with your brand/logo assigned to the image). Justify your choice by explaining in detail the reasons why you select your product (i.e. is there a demand for it? will it solve any social, environmental or financial issues? etc.). What is your vision for the selected product
- Identify where each of the following products likely lie on a traditional Product Life Cycle. Justify each of your answers with the most current data and research you find on the Internet (e.g. sales, product development, competition, consumer feedback, etc.) b) Home Telephone (AT&T, Vonage, etc.)What are the key marketing characteristics of products or services at eachstage of the product life cycle?Suppose you bought a mobile phone recently. (As customer you have some basic expectations from this mobile at the same time the mobile should possess certain qualities/features for different levels. Now consider the mobile that you bought is an iPhone. You also bought clothes and Life insurance for yourself. For your Business purpose you bought raw materials, computer and writing papers.) relate the mobile phone with different product levels with proper explanation. Now relate all the mentioned purchased products with classification of products and discuss their characteristics with proper example ?