Marketing
The product is called absolute product when the product is up to the requirements of the customers.
Advantages of Ansoff Matrix- Increasing the brand loyalty, this will encourage customers to buy their brand instead of some other. Well known brands use this strategy, such as; Kellogg's corn flakes.- Encourages customers to buy the product more regularly.- The brand may bring out different size quantities of the product, which will encourage customers to buy more of the product.
The world becoming more complicated and sophisticated due to the technological revolution and the customers awareness level has been increased as a result service provider should innovate new product for the additional benefit to the customers and customers are seeking to shift that organization which are giving new innovative services and product with cost effective and more returnable manner. So newness in service and product is known as service proliferation.
Marketing.
A definition of how the company intends for customers to view its product relative to the competition - APEX
Advertisements are good for customers because it introduces a product or service that may not be known by an individual.
Supply & demand
what is the process of promoting and presenting a product to customers.
It means that the product promises things that it won't do, so the customers get refunds.
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
You write a letter informing your customers about a new product by sending out a large informative email blast that shows customers the value of your new product.
Industrial exploitation is when customers are blindly or uninformed of / about a product which is faulty or has malfunctions well known to the manufacturer or designer.
The product is called absolute product when the product is up to the requirements of the customers.
Advantages of Ansoff Matrix- Increasing the brand loyalty, this will encourage customers to buy their brand instead of some other. Well known brands use this strategy, such as; Kellogg's corn flakes.- Encourages customers to buy the product more regularly.- The brand may bring out different size quantities of the product, which will encourage customers to buy more of the product.
  Share of customer is the percentage of customers that buy a company's product of all customers purchasing in that product category
because of the product itself. customers buy the product not only looking at the price but because of the quality of the product. if consumers are satisfied with the product, they will entertain the product even if it raises price.
The world becoming more complicated and sophisticated due to the technological revolution and the customers awareness level has been increased as a result service provider should innovate new product for the additional benefit to the customers and customers are seeking to shift that organization which are giving new innovative services and product with cost effective and more returnable manner. So newness in service and product is known as service proliferation.