To produce a particular product or service, start by defining the concept and identifying the target market. Next, develop a detailed plan that includes sourcing materials, designing the production process, and establishing a timeline. Implement quality control measures throughout the production phase to ensure consistency and reliability. Finally, launch the product or service, accompanied by a marketing strategy to reach your audience effectively.
The usage rate for a product or service is calculated by dividing the total number of times the product or service is used by the total number of potential users, and then multiplying by 100 to get a percentage.
the act of conditioning or influencing the market with a particular product or service
Consumer awareness is being aware of the product and company you are buying or buying from. It is doing your research before you buy a particular product or service.
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
is a person who specializes in the sales of a product or service that is unique, one of a kind, distinctive or of particular superiority
Advertisement is the form of communication intended to persuade an audience to some action. It includes the name of the product or service & how that product or service could benefit the consumer to persuade potential customers to purchase or to consume that particular brand.
nInvolves selecting a group of people because they have particular traits that the researcher wants to studyne.g. consumers of a particular product or service in some types of market research
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
Demand for a product or service can change due to factors such as changes in consumer preferences, shifts in income levels, fluctuations in prices, changes in the overall economy, and the introduction of new technology or substitutes.
The implication of marketing is seen in various aspects. This will definitely influence the number of customers who buy a particular product or service.
how you would influence a client to choose a particular product or service
Shifts in the excess demand curve for a product or service can be caused by changes in factors such as consumer preferences, income levels, prices of related goods, advertising, and government policies. These factors can influence the overall demand for the product or service, leading to shifts in the excess demand curve.