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Does it help the product more if it's tailored to what the market wants?
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- When can one say that a certain product has “value?”Select a product you are familiar with. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?Do you think the company has been successful in creating the brand name for its products? What do you think are the reasons why the brand names created have been successful?
- do you think the company has been successful in creating the brand name for its product?What is a price? How does the price of a productdiffer from the cost of the product to the consumer?Select a product and based on knowledge of the product life cycle, what types of changes will occur to that product as it continues through the product life cycle? How will this affect the marketing of the product?