1. What do you think are the challenges and risks associated with developing new products and services? Give at least five challenges and risks.
Q: e problems of consumerism, especially the ideological background of consumerism
A: Consumerism definitely has some problems associated with it. The problems are discussed as follows-
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A: Marketing is a process to create an exchange with the customers in the company. The most important…
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A: Channel of distribution is the crucial step for Marketing managers as they have to place the product…
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A: Marketing is a vast field including various areas like pricing, demand analysis, market research,…
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A: CRM is Customer Relationship Management that helps the firm to retain old customers is more…
Q: Explain the role of public relations within marketing communications.
A: Introduction Public Relation is a management activity that attempts to shape the attitudes and…
Q: 3
A: Marketing is the process that starts right before production and continues even after the sales has…
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A: Consumer behavior is studied by Marketers for the pury of identifying their decision making process.…
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A: Finding the Opportunity and Threat by using the SWOT Analysis for a canvas bag business seller would…
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A: E-commerce allows suppliers to be closer to their consumers, resulting in enhanced productivity and…
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A: * Introduction - Any form of learning is only refer to as meaningful when the learner understands…
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A: Marketing communication discuss about transferring product related information to targeted audience…
Q: Identify the four consumer rights.
A: The consumer bill of rights was given by the United Nations in the year 1985. This bill was…
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A: A retailer's responsibility is to find the most cost-effective way to obtain goods from suppliers…
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A: Introduction: Meaning of online shop: Online shop is a website in the internet or the mobile…
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A: An effective marketing strategy is required for the launch of every product. It is further required…
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A: Marketing is the fulfillment of the needs of consumers through the right product and right price,…
Q: other
A: The answer to this question is oscar should will differnet sporting brands thaan the brand…
Q: Which of the following is a retail selling expense for an aromatherapy shop like Sage?
A: Option 5
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A: The strategic brand trinity includes three elements, viz. Value preposition. Brand identity…
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A: Growing cotton without the use of fertilizers, pesticides, or other hazardous chemicals is known as…
Q: Define marketing ethics.
A: Ethics has become an important consideration in the field of marketing. This is because of the…
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A: Organizational buying process refers to the process in which firms or businesses buyers makes the…
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A: Consumer Behavior is the inquiry of people, gatherings, or groups and every one of the exercises…
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A: Products are the items which are developed by using customers needs and requirements to fulfill…
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A: Since you have posted multiple questions, we will solve the first question for you as per our…
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A: Ans. The CIII-V and PSE products can be defined as the medical product or medical ingredients.
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A: The companies make use of different strategies to position their products in the minds of consumers…
Q: Define social media marketing
A: The activities involved in traditional marketing is to get an effective blend of product, price,…
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A: Some brands grow so big in size that they become a part of the lives of the consumer. The brand…
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A: Marketing concept is customer focused, it aims at identifying and fulfilling the customer needs in…
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A: * Introduction - Marketing research analyst are the individuals that are responsible for positioning…
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1. What do you think are the challenges and risks associated with developing new products and services? Give at least five challenges and risks.
2. Identify the three product attributes - Quality, Features, Style and Design of a Laptop product.
3. Identify the three product attributes - Quality, Features, Style and Design of an Internet Service Provider product.
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- XI. You're planning customer support services for Phonic's new smart phone product. Review what you know about your target market and its needs; also think about what Phonic's competitors are offering. Then respond to these three questions about designing and managing services. I. What support services are buyers of smart phone products likely to want and need? II. How can Phonic manage gaps between perceived service and expected service to satisfy customers? III. What post-sale service arrangements must Phonic make and how would you expect these to affect customer satisfaction? Consider how your service strategy will support Phonic's overall marketing efforts3. Companies such as Johnson and Johnson are in a more advantaged position because they have the product knowledge and thus, consumers must rely on them for accurate information about product safety, usage, and effectiveness. Given this situation, companies have a duty to take special care to ensure that consumers' interests are not harmed by the products that they offer them. Discuss what can Johnson and Johnson do in design, production, and marketing to ensure that the above is achieved. Only typing answer Please explain step by stepHow do you find an organization's core competencies and capabilities? How do you identify the four elements of the value proposition for an organization’s product/service?
- Provide an introduction to Bill Gates Speech at Harvard (part 1) by DHK123, Scott Berkun Lecture: The Myths of Innovation by Carnegie Mellon University, Prahalad @ MSM Opportunities at Bottom of the Pyramid 1/6 by MaasSchoManage, Frank Piller(RWTH/MIT): Innovation and Mass Customization by Cyledge and How can we better understand customers? by Google. Provide an analysis of your understanding from these videos. Follow the analysis with alternatives that are applicable to the analysis formulated. What are the assumptions that can be made from reviewing the videos? Provide recommendations to implement innovation as part as common practice. Next, how would you implement the recommendations? Provide lessons learned and conclusion.What are the key challenges faced by organizations in the implementation of CRM systems, and how can these challenges be mitigated to ensure successful adoption, user acceptance, and long-term value realization from the CRM investment?Direction: Do what is instructed below. Write your answers in your notebook. One of the goals of business is to cater the needs and wants of the customers and make them satisfied of the goods & services that a business provides in order for them to share their experiences for the growth and sustainability of the business operation. Now, I want you to create your own product or services that best suits to the needs of our present situation which we are in the midst of the global pandemic. Requirement: Create your own product using the Five (5) Product Levels by Kotler. Use the table below: Product levels Question Product or services you Draw the product you want Drawing here: Answer can create and offer to to offer your customers bas Core benefit of the State the fundamental product benefit that you can offer to satisfy them Generic product State the basic version of the product the features necessary for it to function State the product set of Expected product features that the…
- Think of a new product or revise/innovate a product or service that you would like to see on the market. Discuss the implications of producing the product/service. Relative to Legal, ethical, environmental, profitability, competitive, design & production Issues (Brief description only)What are the core benefits should a product/service provides?Be sure to provide your answer in a MEMO format. Working ShoesWorking Shoes is a multistate shoe store that offers an extensive selection of casual and dress shoesdesigned for men and women who work on their feet. Working Shoes plans to launch a new Web site,and the company wants to develop a new set of product codes. Currently, 250 different productsexist, with the possibility of adding more in the future. Shoes and many accessories come in varioussizes, styles, and colors. The marketing manager asked you to develop an individualized product codethat can identify a specific item and its characteristics. Your initial reaction is that it can be done, but thecode might be fairly complex. Back in your office, you give the matter some thought.Tasks1. Design a coding scheme that will meet the marketing manager’s stated requirements.2. Write a brief memo to the marketing manager suggesting at least one alternative to the code sheproposed, and state your reasons.3. Suggest a coding scheme…
- 2. Think about a product/service you or your family really like and explain in detail why you like the product/service. Discuss the features you really love about that product or service. Are these features unique to that specific product? Do these reasons make you feel loyal to a product or brand?The 'Dragon's Den' is a reality television show where entrepreneurs pitch their business ideas in the hopes of securing an investment from the team of investors also known as "The Dragons". In this activity, you are an entrepreneur pitching your new idea to the Dragon's Den. You will need to create one of the following options to pitch your idea: • Video • Website • PowerPoint . Written ReportAnalyze the various benefits that an organization can gain from implementing a CRM system, with a focus on both customer-centric and business-centric advantages.