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The product is called absolute product when the product is up to the requirements of the customers.

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13y ago

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Why product fail in the market?

Their can be many reasons why a product has failed on/in the market place ... Some reasons but not limited to the product being obsolete, over pricing, poorly manufacturing , poor product placement or the product is harmful to people and the environment ...


What step of SWOT analysis would obsolete narrow product line be?

An obsolete narrow product line would fall under the "Weaknesses" category of a SWOT analysis. This aspect highlights internal challenges that a company faces, such as limited product offerings that may fail to meet market demands or consumer preferences. A narrow product line can hinder competitiveness and growth opportunities, signaling a need for diversification or innovation. Addressing this weakness is crucial for improving overall business performance.


Are traditional salespersons jobs becoming obsolete?

Salesperson jobs are not obsolete. Although the internet is a big draw and a lot of people go there to buy items there are still a lot of things people prefer to buy in stores and see and feel before they make their purchases.


How does a product life cycle effect the production?

As there are many stages of a product life cycle the production varies greatly. During the introduction stage production is low as the demand for the product is low and the producer does not want to be left with surplus as demand might alter. In growth the production rapidly increases as more is being demanded. the laws of demand cause supply to increase in order for the producer to maximize profits. In the Maturity stage the production levels off and does not increase much as the demand has reached its peak and no more is being demanded. This is due to the product becoming obsolete or unfashionable. In the Decline stage, the production decreases as less is being demanded therefore the producer will make less of the product as they do not want to be left with surplus as demand is now negative.


Is product management the same as product marketing?

No, they are not. Product marketing is the sales of a product. Product management includes marketing, production, manufacturing, distribution and sales.