I would say he/she first needs to do market research to see if it would even be profitable to introduce said product into that market. Second I would say he/she needs to look at all the expenses associated with selling the product in that foreign market. These costs can often differ greatly from costs associated with selling the product domestically. For example if you are an American company wanting to sell your product in the EU, you would have to realize that transportation costs would be significantly higher because of the higher cost of fuel in Europe. Also you would have to look at export/import tariffs and quotas. Thirdly you would have to look at the political environment of the foreign country as politically unstable countries have an increased risk of hostile takeovers (having your business taken over by the government without any consolation.) If the benefits outweigh the costs associated with introducing said product into this foreign market and it is expected to stay that way then I would say go for it.
upward stretch: a company which introduce its products to economic class or popular class then after some time increase it to premium class by introducing the product accordingly. is called upward stretch..
Maintaining profitable relationships with the customers is a key job of the marketing managers so that they can bring good quality products in market and have large customer equity. The marketing managers can sustain good relationships with the customers by getting in touch with their mails, online reviews, blogs on the product website, key telephone inquiries and other communication channels. Connected channels allow the marketing managers to be aware of the changing customer needs which can allow the managers to introduce improvement in the existing products. The new product idea can be generated from the customer's ideas and their needs which can help sustaining the organization business and profits
structured
Marketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managers and market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential usersMarketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managers and market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential users Marketing managers develop the firm's marketing strategy in detail. With the help of subordinates, including product development managersand market research managers, they estimate the demand for products and services offered by the firm and its competitors. In addition, they identify potential markets-for example, business firms, wholesalers, retailers, government, or the general public. Marketing managers develop pricing strategy to help firms maximize profits and market share while ensuring that the firm's customers are satisfied. In collaboration with sales, product development, and other managers, they monitor trends that indicate the need for new products and services, and they oversee product development. Marketing managers work with advertising and promotion managers to promote the firm's products and services and to attract potential users
Because they have innovated and want to say ahead of their competitors.
everybody, I would like to introduce you to this wonderful spray paint product. Or did you mean who or what company first produced it?
It depends on the product, the company, the current employment market for product managers, and the individual's education, experience and performance.
The nature of production management is to drive the development of the product for the company and business. The product managers are in charge of making sure the product is performing, developing, and growing for the company.
The nature of production management is to drive the development of the product for the company and business. The product managers are in charge of making sure the product is performing, developing, and growing for the company.
There are many changes a person can make to a company. A person can introduce a new product for sale for example.
TNCs affect globalisation in the sense that they find new ways to expand by expanding their factories in foreign countries or introduce a new product which the "foreign" country is not familiar with. This is an example of globalisation because they "break down" the traditional barriers of a country in order to introduce a new product which is seemingly uncultural to them
A company can introduce new product when its existing product is at declining stage
Product based company is one which develops the its own products like hardware monitors , keyboard etc . Product based company uses there own idea to introduce theire product and they work on them from scratch to product. whereas Project based companies provides services to those products or to projects which were developed by other companies.
foreign license agreement
Aveeno was founded in 1945 in the United States. Their first product was their Soothing Bath Treatment. Aveeno is a part of the S. C. Johnson and Son company.
Milo was an Australian "invention", but has long since ceased to be an Australian product since the company was taken over by foreign interests.
Nylon