Podcast
Questions and Answers
Summarize 4 major factors that gave rise to global competition. Rise of global competition is influenced by the _________ of product ideas, product life cycle, Ansoff growth matrix, and factors influencing new product development process.
Summarize 4 major factors that gave rise to global competition. Rise of global competition is influenced by the _________ of product ideas, product life cycle, Ansoff growth matrix, and factors influencing new product development process.
sources
Product life cycle consists of stages like introduction, growth, maturity, and _________. Managers should behave differently in each stage to ensure successful product management.
Product life cycle consists of stages like introduction, growth, maturity, and _________. Managers should behave differently in each stage to ensure successful product management.
decline
In general, demand for a service can be influenced by factors like pricing, branding, consumer behavior, and overall _______ in the market.
In general, demand for a service can be influenced by factors like pricing, branding, consumer behavior, and overall _______ in the market.
competition
The difference between invention and innovation lies in the fact that invention refers to creating something new, while innovation involves implementing new ideas to create _________. For instance, British and Japan have different approaches to innovation.
The difference between invention and innovation lies in the fact that invention refers to creating something new, while innovation involves implementing new ideas to create _________. For instance, British and Japan have different approaches to innovation.
Signup and view all the answers
In the final stage of a product, it can be deleted from the market through options like revitalizing the product, taking it out of the market, or introducing ________ strategies.
In the final stage of a product, it can be deleted from the market through options like revitalizing the product, taking it out of the market, or introducing ________ strategies.
Signup and view all the answers
Explain the factors that influence the rise of global competition.
Explain the factors that influence the rise of global competition.
Signup and view all the answers
What are the stages of the product life cycle, and how should managers behave in each stage?
What are the stages of the product life cycle, and how should managers behave in each stage?
Signup and view all the answers
Discuss the relationship between invention and innovation, citing examples of British and Japanese approaches.
Discuss the relationship between invention and innovation, citing examples of British and Japanese approaches.
Signup and view all the answers
How can demand for a service be influenced, and what factors play a role in shaping market demand?
How can demand for a service be influenced, and what factors play a role in shaping market demand?
Signup and view all the answers
What are the possibilities for the final stage of a product, and how can a product be removed from the market?
What are the possibilities for the final stage of a product, and how can a product be removed from the market?
Signup and view all the answers
