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
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
If you have a product no-one else has - market research will identify whether the product is likely to be successful.
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
identify the need or want
For questions like this you really need to identify what state you live in.
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
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
Ask questions
ask the questions
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.
sure
yet again, another tough questions, please refer to Jamies' answers.
it is red in colour
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.
If you have a product no-one else has - market research will identify whether the product is likely to be successful.