Briefly describe a product or service. Where is it in the product development life cycle? What recommendations do you have for improving the offering to fit a target market’s needs? Be sure to consider the following:

• What level of quality and consistency does the offering have?
  
  • How many features does it have and can they be removed or added?
  • Does the design and/or service deliver what the customer values? If not, how can it improve?
  • What improvements would help your offering compete more effectively?

Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following:

• How sensitive are your customers to changes in price?
• What revenue do you need to break even and achieve profitability?

• What does the price say about your product in terms of value, quality, prestige, etc.?

Answer rating: 100% (QA)

Service Food delivering service through online order A general product life cycle has following stag... View the full answer