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What else can I help you with?
A company wants to modify its exist product in the market due to decresing sales?
Modification of product to meet changing market conditions is a reasonable sales strategy depending on where the product is in its life cycle, competition, branding, and confirmation based on market research.
What is an example of a product market?
A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.
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.
How can an entrepreneur seeking funds to lunch a business convince potential lenders and investors that a market for a product or service does really exist?
By conducting a market analysis and passing the reality, competitive and value tests.
How can an entrepreneur seeking funds to launch a business convince potential leaders and investors that a market for the product or service really does exist?
Produce a survey result/response. And explain the potential need for the product.
What is an example of a product?
A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.
What is a market pull product?
A market pull product is basically a product the serves a purpose for other products.
How would you introduce a product?
First you have to advertise about the product in the market what you have, then you can release it in the market
What is the difference between factor and product market?
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
What Market structures that can exist in a free market system?
In a free market system, several market structures can exist, including perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition features many buyers and sellers with identical products, leading to no single entity influencing prices. Monopolistic competition allows for product differentiation among many firms, while oligopoly involves a few dominant firms that can influence market prices. Lastly, a monopoly exists when a single firm controls the entire market for a product or service, leading to significant pricing power.
When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
