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A company can introduce new product when its existing product is at declining stage

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12y ago
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Q: When should a company put its energy into developing new products rather then trying to re engineer existing products to be more productive?
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Related questions

What is productive service?

It is the development of new or existing services. Services are in fact products. Goods and services are two types of product.


What do marketing researchers do?

Based on the interpretation of data collected in marketing research, market researchers make recommendations for enhancing or eliminating existing products as well as developing new products.


What are existing products?

Products that exist today


What are the products not existing in the market?

the products does not existing in market are the products cannot exist from the customers.


What part of speech is products?

Product is a noun.


How does developed countries help the developing countries?

By selling their products to developing countries.


Does marketing cause improvement in existing products?

No, marketing sells products as they have been made. Company research and customer feedback and fault fixing lead to improvement in existing products.


Who is primarily responsible for creating technological designs or products?

engineer


Which type of engineer develops products such as fertilizer pesticides cosmetics and synthetic materials like plastics and nylon?

Chemical Engineer


Which type of engineer develops products such as fertilizer pesticide cosmetics and synthetic materials like plastics and nylon?

Chemical Engineer


Product design just restyling of existing products?

NO


How do you prevent sweat shops from existing?

By not purchasing their products