How does knowing the threats in the market help in the development of the product portfolio?
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How does knowing the threats in the market help in the development of the product portfolio?
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- You are launching a new product on the market. Please analyze the situation and possibilities Situation and PEST analysisDoes it help the product more if it's tailored to what the market wants?What impact would the new product probably haveon total sales, profits, market share, and return oninvestment?
- What strategies can organizations use to encourage a customer-centric mindset throughout the product development lifecycle?Based in the product lifecycle, give some ideas/strategies on how the product could have improve to be able to survive in the market.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?