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The generic product-market includes a broad group of products that satisfy a general, yet similar, need. The starting point in determining product-market boundaries is to identify the particular need or want that a group of products satisfy. Since people with a similar need may not satisfy the need in the same manner, generic product-markets are often heterogeneous, containing different end-user groups and several types of related products.
The product-type product-market includes all brands of a particular product type. The product type is a product category or product classification that offers a specific set of benefits intended to satisfy a customer's need or want in a specific way. Differences in the products within a product-type product-market may exist, creating product-variants.
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Generic Market vs product market?
A generic market is a market with 'broadly similar' needs and sellers offering various, often diverse ways of satisfying those needs. In contrast, a product market is a type of market with 'very similar' needs and sellers offering various close substitute ways of satisfying those needs.
What is the difference between industry and market?
what is the differences between Industry and Market
Is sequential product development better than simultaneous product development?
this is essential when introducing generic products where time to market is a low priority (sequential prod dvelpment) Moyosore@ herts
What is an example of a generic market?
singles entertaining market
What were two differences between Florence's old market and new market?
The old market was dirty, smelly, small, etc. The new market was clean and orderly.
What is differences between the labor market and the product market?
Relationship with humal capital & labour market
Generic Market vs product market?
A generic market is a market with 'broadly similar' needs and sellers offering various, often diverse ways of satisfying those needs. In contrast, a product market is a type of market with 'very similar' needs and sellers offering various close substitute ways of satisfying those needs.
What is the difference between industry and market?
what is the differences between Industry and Market
What is generic for culturelle?
There is currently no generic on the market. However, this may change when another company decides to make the same product. Until that happens there is no generic of this OTC medication.
What is the difference between factor and product market?
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
Differences of OTC Market and organized markets?
different between otc market and orgnized market?
What is defined as the gap between the home market and a foreign market resulting from the perception and understanding of cultural and business differences?
defined as the gap between the home market and a foreign market resulting from the perception and understanding of cultural and business differences.
What are the main differences between tanker market and dry cargo market?
whats good in wet market??????
What are the differences between a market in equilibrium and a market in disequilibrium?
equilibrium is the responsiveness of quantity demand to a change in price.
Is sequential product development better than simultaneous product development?
this is essential when introducing generic products where time to market is a low priority (sequential prod dvelpment) Moyosore@ herts
What is an example of a generic market?
singles entertaining market
What were two differences between Florence's old market and new market?
The old market was dirty, smelly, small, etc. The new market was clean and orderly.
