Question: What is the solution for these questions? (a) Propose a tool to visualize the interrelations between the various variables in a system. Use an example

What is the solution for these questions?

(a) Propose a tool to visualize the interrelations between the various variables in a system. Use an example to support your answer.

(b) There are many stages from product innovation to product commercialisation. Explain with necessary diagram(s) the interrelations of these various stages. You should annotate your diagram(s) using a real-life examples.

(c) PromoInc Company wants to promote its goods by identifying the niche-market and launching a unique product (or service) in that market. This niche-market is a small segment of the total market. Assess the advantages and disadvantages of this strategy.

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