Question: Do not use products that I have cited as examples in-class. Each question is valued at five (5) marks. 1.Identify a consumer product or service
Do not use products that I have cited as examples in-class. Each question is valued at five (5) marks.
1.Identify a consumer product or service that is currently in the introduction stage of the product life cycle (product name and manufacturer). Please identify:
- The want or need that it fulfills
- The unique selling/value proposition
- How are they generating awareness for this product?
- The target market that you perceive and why you feel it is innovative
2.Identify a consumer product or service that is currently in the growth stage of the product life cycle (product name and manufacturer). Please identify:
- The want or need that it fulfills
- The unique selling/value proposition what differentiates it from other competitive offerings?
- Two (2) competitors for this product/service
- The target market that you perceive and what external factors will support its growth
3.Identify a consumer product or service that is currently in the maturity stage of the product life cycle (product name and manufacturer). Please identify:
- The want or need that it fulfills
- The unique selling/value proposition
- Two (2) competitors for this product/service
- The target market that you perceive and how the provider is encouraging brand loyalty
4.Identify a consumer product or service that is currently in the decline stage of the product life cycle (product name and manufacturer). Please identify:
- The want or need that it fulfills
- Why is this product or service in decline i.e. what external factors have changed regarding its value or appeal
- Two (2) new products/services that are replacing this established product or service
- The target market that you perceive and why they continue to buy this product despite its decline
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