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The diffusion process refers to how new products or innovations spread through a population over time, while the product life cycle describes the stages a product goes through from introduction to decline. The two concepts are interconnected, as the rate of diffusion can influence the product's success in each stage of its life cycle. For instance, rapid diffusion can lead to quicker adoption, potentially extending the growth phase of the product life cycle, while slow diffusion may result in early decline. Understanding both concepts allows companies to strategize effectively for marketing and product management.
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What are the factors affecting the product diffusion process?
Relative advantage, compatibility, observability, trialability and complexity
What is the difference between Product retailing and service retailing from point of view of retail marketing?
Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.
The relationship between Marketing and Physical Distribution?
Physical distribution (or place) is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user. -
What is the relationship between marketing and consumerism in general?
Not quite sure but the relationship between them is probably is the marketing strategy that the producers use to influence consumers to buy their product or service. Answer Marketing strives to make people consumers of their product by appealing to senses that will make people feel good--sex, color, smells and so on.
What is the Relationship between advertising and consumer behaviour?
advertisement is the way of letting people know about the product through the media e.g. tv, newspaper , internet , radio magazine etc . it can be said that it is process of introduc e the produt sothat the consumer as well as customer can buy the product and enjoy the services which is provided by the manufactured. whereas consumer behaviour means how the consumer think , feel , how the product is used by the particular product ..........................................................................
What is the relationship between the numerators of the factors and the numerators of the product?
The relationship between the factors and the product is that they are both fractions.
What are the factors affecting the product diffusion process?
Relative advantage, compatibility, observability, trialability and complexity
What is the difference between product metrics and process metrics?
What is a difference between product metrics and process metrics
Discuss the relationship between product and cost curves?
The product establishes the cost curve or the relationship between costs and outputs. Costs are influenced by the need and function of a certain product.
What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?
what is the relationship between marginal physical product and marginal cos
What is the relationship between product life cycle and diffusion of innovation curve?
The product life cycle (PLC) describes the stages a product goes through from introduction to decline, while the diffusion of innovation curve illustrates how different groups of consumers adopt a new product over time. The PLC outlines the market performance and sales trends throughout a product's lifetime, whereas the diffusion curve highlights the adoption rates among innovators, early adopters, early majority, late majority, and laggards. Together, they help businesses understand market dynamics and consumer behavior, guiding marketing strategies and product management throughout a product's life.
What is the relationship between the sum and product of the roots?
parallel
Relationship between total and marginal product?
Total product is the sum of all marginal products.
What is the differences between product quality and process quality?
Product quality is the quality of the final product made. While Process quality means the quality of every process involved in the manufacturing of the final product.
What are the relationship that exist between purchasing and production?
Both are dependent a product
Why is it important to know the relationship between special product and factor?
chocolate
What is the demand relationship between price and quantity for this product?
The demand relationship between price and quantity for a product is typically inverse, meaning that as the price of the product increases, the quantity demanded by consumers tends to decrease, and vice versa. This is known as the law of demand.
