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A company wants to modify its exist product in the market due to decresing sales?
Wiki User
∙ 13y ago
Modification of product to meet changing market conditions is a reasonable sales strategy depending on where the product is in its life cycle, competition, branding, and confirmation based on market research.
Wiki User
∙ 13y ago
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How do you reduce market risk and company unique risk?
In terms of investing, (I just learnt this in my Finance class yesterday), market risk cannot be reduced because such risk are the result of Marco level issues (unemployment, GDP, inflation, generally items that are very difficult to modify). However, when investing you could reduce a unique risks, risk that are specifically related to a single firm/company, by diversifying your portfolio. That is, to invest in several different stocks/bond such that you have a good mix. Specifically, have a good mix of stocks that react differently to the market conditions to cancel out the risk of others such that when the market is struggling, a stock that excels in such conditions will make up for the loss of stocks that correlate positively with the market conditions.
What are the advantages and disadvantages of internal research?
Advantage: AgilityWorking with research firms requires somewhat rigid guidelines and research requirements. Companies using an internal marketing research department obtain built-in agility to modify research during the course of the investigation. Internal marketing teams can also move at the pace set by business needs.Advantage: ExpensesHiring external firms for marketing research may be more expensive than using corporate employees. Costs, expenses and resources can be tightly monitored and controlled when an in-house staff conducts investigations. Advantage: CustomizationInternal employees tap product, development and support staff for in-depth product knowledge, questions and advice. This resource advantage allows internal marketing teams to customize and maximize research efforts. For example, marketing staff could discuss product feature options with engineering staff to help craft a survey to establish customer product preferences for future models.
How would an individual acquire promotional items from Staples?
The individual must go to the Staples Promotional Products website. From there, select the items and modify the logo/designs. Add items to the cart and place an order.
How do you Implement Internet For marketing mix In A Business?
People tend to use the internet now rather than phone books. If you want to be found you need to be ranked highly for your product and geographical location in the Internet Search Engines. This is called SEO (search engine optimization). Next you have venues where you can build groups of people who are interested in your product. These include email lists, Facebook, Google +, Linkedin and many others. Then you have discount voucher sites. These can be great or disastrous. If they generate customers that are prepared to pay full price they can be worth it. Also make sure you limit the number of vouchers you are giving out. Some companies have encountered problems when the voucher sites created more customers than they could handle. There are many other methods, what is useful depends on your personality and the products you sell. One of the biggest advantages of marketing on the internet is that you can measure your results. If something is working, keep it. If not modify it or try something new.
Is it true that allaboutgreetingscom is a social enterprise greeting card company?
Yes company does have what they call "a cool, new greeting card sales website designed to help people". On this site ordinary folk as well as great artists can create greeting cards. When the site sells one of their card the artist will gain $1.00 each time any one of their card sells. Its easy to create a card on the site or just upload something and modify it to be a card right on the site, add a good saying and post it for sale. It's hard for me to explain the power of a hugely successful social enterprise and the impact it can have on many peoples lives who need a little sunshine. I believe this is a great avenue for joy, satisfaction and a little extra cash. so come on in and be a part of a better world. I promise to do my part and share as much as possible with the originators of wonderful greeting card art. we are ( all about greetings .com ) like us on Facebook to keep in touch. Bill Burke
Is it legal to modify and then sell an existing product?
If the developer whom you bought the product allows you to modify the product and then resell it, then it's legal.On the other hand if the product you bought says that you cannot modify, re-produce or resell, then it's illegal.
How do you modify products?
A modification of a product is a change in that product. Usually an improvement in the use or manufacturing process.
Is it illegal to modify an existing product and resell it under a new name?
no because they wont know it was something else if u modify it.
Is Elite good?
The Nerf Elite is good product if you intend to modify it.
Is there a company called help modify now?
I love Wiki.
Is Nerf elite good?
The Nerf Elite is good product if you intend to modify it.
How does segment pricing work?
Segment pricing is another tactic a company can use to modify product price in order to increase sales. Everyday examples of segment-pricing discounts are those extended to children, senior citizen, and students.
What is autoparts.com can provide tutorial how to modify car?
Autoparts is a company that can provide all makes of pars for your car. It can provide parts to modify your car along with instructions on how to do it.
Is it legal to rename and modify an existing product and sell for a different purpose?
In general, it is legal to rename and modify an existing product and sell it for a different purpose. However, it is essential to ensure that the modifications and renaming do not infringe on any trademarks or patents associated with the original product. Additionally, it is advisable to consult with an attorney to ensure compliance with relevant laws and regulations in your jurisdiction.
Can you modify a generic handbag and sell it as your own?
yes most likely you can if it looks diffrent enuf from the original product
What did China's steps to modify its centrally planned economy include?
China's steps to modify its centrally planned economy includes reversing the market regulations. They also encouraged literacy in the economy markets which worked to their advantage.
How do you reduce market risk and company unique risk?
In terms of investing, (I just learnt this in my Finance class yesterday), market risk cannot be reduced because such risk are the result of Marco level issues (unemployment, GDP, inflation, generally items that are very difficult to modify). However, when investing you could reduce a unique risks, risk that are specifically related to a single firm/company, by diversifying your portfolio. That is, to invest in several different stocks/bond such that you have a good mix. Specifically, have a good mix of stocks that react differently to the market conditions to cancel out the risk of others such that when the market is struggling, a stock that excels in such conditions will make up for the loss of stocks that correlate positively with the market conditions.
