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A firm would usually do that because it expects to sell the product, and make a profit.
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What is the difference between process and product patent?
PROCESS PATENT: It is granted for a new process of manufacturing an already known product or for manufacturing a new product, or for manufacturing more articles of the same product that is reducing the cost of the already known product. PRODUCT PATENT: It is granted when a new product has been invented by the person. The product so invented may either be e more or less useful product than an already known product , or a new product altogether.
What is The largest source of new product ideas?
The largest source of new product ideas is
Difference between product development and new product development?
The former is an old process whilst the latter is a new one.
What does reycling mean?
it makes new product
A sentence with the words product and production in the same sentence?
Production of our new product will begin next week.
In a computer firm a project team is called together to develop a new product This would probably be an example of organization?
matrix
In a computer firm a project team is called together to develop a new product this would probably be an example of what kind of organization?
Matrix
In a computer firm a project team is called together to develop a new product this would probably be an example of------------ organization?
B---matrix - Confirmed
When you develop a new product based on the decision tree what are the reasons for developing the new product?
Haha
What is product adaptation?
Product adaptation is a kind of marketing strategy wherein a company develop new products. The new product is based on modification of existing items.
How can enter in global market with new product?
Do it through a joint venture with the firm of some complementary product
What are benefits to the firm that can develop new products faster than its competiton?
win the competition
In a market economic what encourages firm to develop new products and production processes?
patents
What type of organization would it be called if a computer firm's project team is called together to develop a new product A committee B line C matrix D line and staff?
matrix Matrix - Confirmed
How companies find and develop new product ideas?
if you need new product ideas please contact businessmanlife@live.com
What are some examples of line-staff organization?
an advertising expert may assist a marketing manager to develop a sales strategy for a new product
What are the duties and respocsabilities of a marketing manager?
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
