Question: 2 . Product Analysis [ 1 5 ] Evaluate the company's current product offerings. Consider product quality, features, branding, and positioning. Analyse how the company's
Product Analysis
Evaluate the company's current product offerings. Consider product quality, features, branding, and positioning. Analyse how the company's products meet customer needs and expectations. Propose at least two strategies for product enhancement or diversification.
Product Evaluation
o Assess the quality of the company's products, considering aspects such as durability, reliability, and innovation.
o Evaluate features and functionalities that distinguish the products from competitors.
o Analyse the company's branding strategy and how it influences product perception.
Customer Needs and Expectations
o Examine how the company's products align with the needs and expectations of its target audience.
o Explore customer feedback, reviews, and surveys to gauge satisfaction levels.
o Identify areas where product improvements could better meet customer expectations.
Strategies for Enhancement or Diversification
o Propose two strategies for enhancing existing products, such as introducing new features or improving quality.
o Recommend diversification strategies by suggesting new product lines or extensions based on market trends.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
