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What are characteristic of informed consumers?

informed consumers are aware of what is inside the product they have bought, they ask questions and have knowledge about the risks and benefits of the product


What is product hierarchy with example?

the product hierarchy stretches from basic needs to particular items that satisfy those needs.We can identify 6 levels of product hierarchy 1. need family 2. product family 3. product class 4. product line 5. product type


How do you develop a new product in the market?

If you have a product no-one else has - market research will identify whether the product is likely to be successful.


Differences between product market and generic market?

The generic product-market includes a broad group of products that satisfy a general, yet similar, need. The starting point in determining product-market boundaries is to identify the particular need or want that a group of products satisfy. Since people with a similar need may not satisfy the need in the same manner, generic product-markets are often heterogeneous, containing different end-user groups and several types of related products.The product-type product-market includes all brands of a particular product type. The product type is a product category or product classification that offers a specific set of benefits intended to satisfy a customer's need or want in a specific way. Differences in the products within a product-type product-market may exist, creating product-variants.


Describe a time when you had to identify a customer's need?

Describe a time when you had to identify a customer's need

Related Questions

The first step in designing a product?

identify the need or want


Can a working woman ask for divorce alimony?

For questions like this you really need to identify what state you live in.


What are characteristic of informed consumers?

informed consumers are aware of what is inside the product they have bought, they ask questions and have knowledge about the risks and benefits of the product


What is product hierarchy with example?

the product hierarchy stretches from basic needs to particular items that satisfy those needs.We can identify 6 levels of product hierarchy 1. need family 2. product family 3. product class 4. product line 5. product type


How do you identify the caller and their needs?

Ask questions


How do you identify callers and their needs?

ask the questions


Identify the two whole numbers between which the product lies in fractions?

To identify the two whole numbers between which a product lies in fractions, you first need the specific fraction or product you're analyzing. For example, if the product is (\frac{3}{4}), it lies between the whole numbers 0 and 1. If you provide a specific fraction, I can help you determine the whole numbers it falls between.


Can students identify what types of questions are testable?

sure


How do you identify the skills and knowledge and understanding that you have now with the skills you need to develop?

yet again, another tough questions, please refer to Jamies' answers.


How can you identify a whmis label on a product?

it is red in colour


What are the demand questions that need to be addressed in order to understand the market trends for this product?

To understand market trends for a product, it is important to address demand questions such as: What is the current demand for the product? What factors influence consumer demand? How does pricing affect demand? Are there any emerging trends or changes in consumer preferences impacting demand? By analyzing these questions, businesses can gain insights into market trends and make informed decisions.


How do you develop a new product in the market?

If you have a product no-one else has - market research will identify whether the product is likely to be successful.