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Because they have innovated and want to say ahead of their competitors.

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Q: Why do companies introduce new product?
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Why firms should be involved in new product development?

Developing new products enable companies to gain competitive advantage over other companies. New products drive sales, if we introduce a new product model is a good chance that the customers give up the old and buy new.


How do i intrduce my new product to the Rv consumer?

You can introduce your new product to the RV consumer at loveyourrv.com.


Examples of pioneering advertising?

Pioneering is the first step of advertisement research in the life of a product. Pioneering is used to stimulate primary demand to a new product. In simple terms pioneering is the introduction to a new product. Pharmaceutical companies use this to identify who the market will be intended for. Other companys also use advertising as a form to introduce a new product.


Which type of decision is deciding whether to introduce a new product line?

structured


Why companies introduce new products?

Because they have innovated and want to say ahead of their competitors.


What is dual adaptation?

Dual adaptation is a marketing strategy designed by Philip Kotler. It is for companies which introduce their products in a new country. It means that you adapt the product to the local market, but also adapt for the commercial message.


You like to introduce one new fairness cream in market so you want 20 new names for your product?

febaz


How companies find and develop new product ideas?

if you need new product ideas please contact businessmanlife@live.com


Challenges facing new companies?

Companies are challenged to produce a product that customers will need consistently. They are also challenged to market this product in a responsible way.


What is a product launch formula?

A product launch formula is the method in which you introduce a new product to the market for consumers to use and purchase. Successful product launch formulas can result in a many sales and repeat customers.


Difference beteween a product development company and IT service company?

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.


When should a company put its energy into developing new products rather then trying to re engineer existing products to be more productive?

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