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Why is it important for companies who make products to research and determine a products potential life cycle?
Wiki User
∙ 9y ago
It is important for companies to determine a products potential life cycle for marketing purposes. Information on a products potential life cycle is also important to investors.
Wiki User
∙ 9y ago
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What is the importance of market potential?
Market potential is the consumers or businesses that would possibly buy your products or services. It is important that you define your market potential early in the development stages of the business.
What are the characteristics of marketing's sales era?
companies believed that they could enhance their sales by using a variety of promotional techniques designed to inform and/or persuade potential customers to buy their products.
Why do companies have exhibits at trade shows?
Companies have exhibits at trade shows to show their products off to potential customers, this is a very effective way of selling the product as typical trade shows attract large numbers of potential customers. In case of trade shows, the promotion of products is completely based on the displays. The most attractive banners/displays gain more attention. Impact displays offers various attractive banners at affordable prices.
How companies differentiate and position their products for maximum competitive advantage Answer?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
What is the importance of prospecting?
1. To identify potential customers for your products and services2. To determine what products and services you offer can best satisfy the needs, wants, and requirements of these prospects3. To categorize these prospects as to their dollar potential based on your research4. To organize a referral5. To arrange telephone and personal contacts with these prospects on a scheduled priority basis6. To see the prospects with the highest potential first7. To establish if they have a need. Remember - No Need = No saleIt's been said many times that "people buy from people."
Why is it important for companies who make products to research and determine a product's potential lifecycle?
So that they don't steal or plagiarize another person's idea
How could you determine if the products of cellular respiration have less chemical potential energy than the reactants?
I lost you at how
What do trade shows consist of?
Trade shows provide a forum for companies to display and demonstrate their products to potential buyers who have a special interest in buying these products.
What is the importance of market potential?
Market potential is the consumers or businesses that would possibly buy your products or services. It is important that you define your market potential early in the development stages of the business.
In most countries multinational companies and their products are becoming more and more important?
uwesgas
Why is an equilibrium price important?
It is how sellers determine the best possible price for their products for optimal profit.
What statement describes the potential energy diagram of an exothermic reaction?
The difference in potential energy between the reactants and products.
Why is advertising such a powerful tool?
Advertising introduce your products and services to the potential customer and help converting potential customer in real paying customer. It is getting more and more important in globalized economy and open market.
Why is global partnership so important?
A global partnership is important because it allows companies to work together to get materials and products to more people. The more people that an buy products, the more profits which can be made globally.
What are packing companies?
Companies that package products.
What does a positive H look like on a potential energy diagram?
The potential energy of the products is greater than the potential energy of the reactants.
What are the components of potential market growth in marketing?
Market demand is usually the biggest indicator of the potential growth for new emerging companies however demographics can reveal an unmet need for ne products or services when the study of psychographics is merged with the data.
