1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
3 years ago
9

1. Think about all of the many products you can purchase today. Identify one product that currently represents each phase of the

product life cycle, and make a brief statement about its
competition, price, distribution and promotions
Business
1 answer:
olganol [36]3 years ago
5 0

Answer:

Answered

Explanation:

We can take a Andriod smartphone as one of the product. Definitely, each unique smartphones including both the high and low-end products represent the four distinct stages of product life cycle. The nature of competition, price, distribution and promotion can be differentiated well among different stages of the life cycle.

As far a competition is concerned, at the introduction phase, the competition will be too high. For the high-end phone coming with unique features (i.e. unique value to the customer) will face less severe competition at this time. As the growth phase comes, the uniqueness will disappear as others will also come out with similar features in their features. As a result, the competition will intensify and will reach the maximum at the maturity of the product.

The pricing strategy at different stages will depend upon the generic strategy of the company. At the introduction stage, if the company is having a differentiation strategy, it usually goes for a premium price. Others, having cost leadership strategy will go for low price. Sometimes the low price is kept initially at a very thin or zero margins just to capture the market share. However, for smartphones, this is very difficult. As competition intensifies in growth and maturity, the price falls. This is the fate generally with most of the Andriod smartphones as their features are not inimitable. Huge discounts in price can be observed for smartphones at their decline phase due to obsolescence of technology.

It has become a trend nowadays to initially distribute the smartphones through an online retail partner where the smartphone manufacturer gives an exclusive right to the retail partner to sell the initial lots. The retailer first books the order and then does the transaction. As the product gets publicity and attains its growth, it is sold in other places such as company outlets, bricks-and-mortar retailers, supermarkets, eStores etc. up to the maturity and decline phase.

As in distribution, the promotion becomes huge by the online retail partner at the introduction phase. The smartphone manufacturer also uses direct marketing, imagery, and social media marketing as primary tools at this phase.

You might be interested in
Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regula
timama [110]

Stakeholders are those groups that have a strong interest in the result of the project or a business.

<h2>What are stakeholders?</h2>

A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.

<h3>Characteristics of stakeholders:</h3>

  • It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.

  • Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.

Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.

Learn more about stakeholders here: brainly.com/question/6867919

5 0
2 years ago
Vast creative specialises in styling and art direction in the advertising industry.the management of vc wants to change the stru
babunello [35]

Explanation:

Resistance to change occurs when there is some kind of change in the organization, such as changes in the structure of the business, changes in teams, technologies, etc.

This is because there is insecurity in employees, often due to lack of sufficient information about the change and fear of not being able to adapt.

To eliminate employee resistance, company managers must communicate how the change will occur and why it is necessary, listing the positives of the changes and the benefits it will bring to the organization, enabling feedback so that employees feel included and their perception be positive.

5 0
3 years ago
You smart ?? Help pleasss
Schach [20]
B, because the average customer would want 2
3 0
2 years ago
What must the Nederlander Organization do effectively to take its musicals to foreign markets?
mart [117]

The Nederlander Organization must effectively use teaser and revealers promotion campaigns to take its musicals to foreign markets.

Option a

<u>Explanation:</u>

Nederlander Organization will adopt to the use of teaser and revealers promotion campaigns for its  musical foreign market. After doing the market analysis and known about the customer’s interest the company will go with the strategy called revealers promotion campaigns.

This is an advertising campaign which creates a curiosity in the minds of consumers till the brands last ad. This type of campaign will keep the consumers always think about the product and ad which is going to be launched soon.  

4 0
2 years ago
Space travel is an example of a rapid skimming strategy.<br><br><br> False<br><br> True
White raven [17]

Answer:

<em>False</em>

Explanation:

I jus got it right on the assignment.

5 0
3 years ago
Other questions:
  • .Which economic condition of the 1920s was amajor cause of the Great Depression?(1) Farm prices rose dramatically.(2) Industry o
    6·2 answers
  • The u.s. health care system has been historically resistant to change due to entrenched interests from
    15·1 answer
  • For each of the following scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply,
    10·1 answer
  • A government was awarded a grant from another government. The $8,000,000 grant is restricted to use for construction of a facili
    7·1 answer
  • If a firm's promotional budget were extremely limited, for which of the following reasons would it be more likely to rely on per
    13·1 answer
  • 1-year Treasury bill yield is 3.5%. 10-year Treasury bond yield is 4.5%. Expected rate of inflation embedded in both the Treasur
    14·1 answer
  • CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CW
    11·1 answer
  • Which of the following statements is true regarding the functions of culture in an organization? A) It hinders the generation of
    15·1 answer
  • Which answer applies to "fine print"?
    11·1 answer
  • Which of the following is an example of a content management system (CMS)?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!