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Darina [25.2K]
2 years ago
10

The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase con

ditions to see if consumers will buy launching full-scale production for the product ensuring the product meets the standards established by the protocol exposing actual products to prospective consumers
Business
1 answer:
larisa [96]2 years ago
4 0

The new-product process stage of market testing involves  two items -

  • Using realistic purchase conditions to see if consumers will buy
  • Exposing actual products to prospective consumers

  • To find out how well a product, service, or offering will perform, one can conduct market research.
  • It often consists of research studies that seek to provide answers to concerns about how the market will respond to the introduction of the product.
  • Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
  • Let's explore each of them in more depth.

How many steps are in the new product development process multiple choice question?

  • The process of bringing a brand-new product idea to market is known as new product development (NPD).
  • It can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization, though it varies by industry.

Learn more about new product development (NPD) brainly.com/question/26679051

#SPJ4

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Courier service : This is a service provided by a private postal organizations that specializes in fast, quick delivery of mail's, parcels for people,. FedEx is an American multinational company that specializes in the provisions of these services both local and around the world. Their services ranges from the provisions of quick delivery of mail's and parcels to their destinations promptly, ensure that their customers goods or parcels are delivered safely to their destinations that is their is no loss of goods in transit, they also provides extended hours of services to their customers. In addition, they also insure the goods or parcels with the insurance company in order to provide an insurance cover for the goods or parcels in case of loss.

The competitors are the firms operating within the same industry and providing similar or substitute product or services. The aim of every competitors in the market is to gain the largest share of the market. The competitors want to become the market leader. The question now is why or why not, to answer the question of why, the competitors should imitate the approach of their competitors in order to learn about the operations of their competitors with a view to ward off whatever threat that may come from them.they can do these by looking at the competitors product packaging, pricing policies, Discount structures, promotional and distribution strategies. All these need to be well understood. The knowledge of these would help the organization to understand and respond positively to pressures from their competitors. For instance, if their competitors has been making use of advertising, the firm should consider other alternatives such as promotion or publicity.

To answer the question of why not, a firm should not imitate the approach of FedEx in the international market and take market share away from the company, because a firm should avoid a reckless and damaging competition rather they should see one another as partners in progress. They should avoid an unholy competition fair practices, they should always exhibit only those practices that are capable of sustaining perfect competition.

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