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What are some typical business strategies?
For merchandising businesses, when a business wants to enter an existing market with a new product, the appropriate strategy is called "product development", and when there is an existing product, the strategy is called "market penetration". When a business wants to create a new market with a new product, the strategy is called "diversification", and when a company wants to introduce an existing product onto a new market, the strategy is called "market development".
What are some examples of unrelated diversification?
moving from what you were offering to a total new product, for example,if you were manufacturing clothes and then you move to food industries is a good example of unrelated diversification.
What is the difference between product functionality and product design?
Product functionality is what it does. Product design is what it looks like/how it's built.
Difference between products and services?
product is tangible and service is intangible.
What is difference between buyer and purchaser?
A purchaser is a consumer buy a product for his/her personal use. A buyer is a trader (mostly) who purchases a product for trading.
Can you give some examples of intensive growth strategy in a company of their product?
market development, market penetration, product development, diversification
Difference between product development and new product development?
The former is an old process whilst the latter is a new one.
What is the difference between research and engineering?
research is the study of how to make a product; engineering is the actual development of a plan to make the product.
What is the difference between product diversification and product differentiation?
Product diversification means that you will have several different types of products for sale, such as selling school supplies as well as toiletries. I think product differentiation means that you will have several different types of the same product available, such as the same baseball hat in several colors or with different team logos. Here's how about.com defines "product differentiation"--"Developing unique product differences with the intent to influence demand".
What is the difference between product development and service development?
Product based company will be involved in the development of Product like a Telecom Product or Billing Product etc., Microsoft is a Product based company.Service Based company will be involved in the development of Application which will used to serve the various sectors such as Insurance, Health care, Retail, Banking etc., There are lot of Service based companies such as TCS, Wipro, Satyam etc.,
Difference between product modulator and balance modulator?
what is the difference between balance n product modulator
What is the difference between product metrics and process metrics?
What is a difference between product metrics and process metrics
What is the difference between heat and product analysis in steel Why should this be?
what is the difference between product analysis and heat analysis
What is the single biggest difference between product and selling concepts?
what is the difference between concept selling and product selling?
What is product diversification?
The process of expanding business opportunities through additional market potential of an existing product. Diversification may be achieved by entering into additional markets and/or pricing strategies.
What is the difference between mclaren and Mercedes?
there is no difference between them. mclaren is a product of mercedes.
What is the product market expansion grid?
Ansoff's Product-Market Expansion Grid Ian Ansoff has proposed a useful framework called the product/market expansion grid for detecting new intensive growth opportunities. There are four strategies, one for each of the quadrants: Market Penetration StrategyWhen the product is in the current market, it can still grow. There are three major approaches to increasing current product's market share:1. Encourage current customers to buy more.2. Attract competitor's customers.3. Convince non-users to use the product. Market-Development StrategyWhen the current product is launched in a new market, there are three approaches to develop the market:1. Expand distribution channels.2. Sell in new locations.3. Identify the potential users. Product-Development StrategyWhen a new product is launched in the current market, the intensive growth strategies could be to:1. Develop new features.2. Develop different quality levels.3. Improve the technology. DiversificationWhen a new product is launched in a new market, diversification makes good sense as better opportunities are found outside the present business. The diversification strategies are of three types:1. Concentric Diversification Strategy: Develop new products with the earlier technology for new segments2. Conglomerate Diversification Strategy: Develop new products for new markets.3. Horizontal Diversification Strategy: Develop new products with new technology for old customers. OLD PRODUCTS NEW PRODUCTS OLD MARKETS Market Penetration Product Development NEW MARKETS Market Development Diversification
