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Product Policy plays a very significant and crucial role in the product establishment and its growth in the market.The marketer has to keep mind the product policy decision while introducing a product.It acts asa tool in the hands of the marketer.
It involves the four majordecisions:
1. Individual Product decision-It involves decisions related to product attribute, product branding, product packaging, productlabelingand productsupportservices.
2. Product Line decision: It involves decision like ProductProductline stretching and Product Line filling.
3. Product Mix Decision-It involves decision like Product mix width, Product mix length, Product depth, Product consistency.
4. Product Positioning Decision.
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Advantages of a decision making unit?
importance of the decision making unit
What factors affect region location decision?
What factors affect region location decision?
What is meant by household decision making how can different members of the household be involved with the different stages of the decision process in the purchase of a car?
what is meant by household decision making how can different members of the household be involveld with the different stages of the decision process in the purchase of a car
What is Application of consumer behavior knowledge in market decision?
application of knowledge of consumer behaviour in marketing decision
WHAT STEP IN THE DECISION MAKING PROCESS INVOLVES GATHERING INFORMATION?
Make a plan.B.Define the problem.C.List solutions.D.Make a decision.
Do a decision or make a decision?
The answer is you make a decision.
What Group is Decision making and individual decision making?
An individual decision is a decision that was made by one person. A group decision is a decision that was crafted by multiple people.
What is decision and decision making?
Decision making is the process by which a decision is made. Communicating, when it comes to decision making, is the way the information about that decision is distributed to ensure everyone is aware.
What is a certain decision?
A certain decision would be a decision that you have absolutely no doubts to. But if it's used in a context where it is relatable to a known decision then a certain decision would imply it's referral to that decision.
What are the three main decision areas in business finance?
The three main decision areas in business finance are:Investment decision,Financing decision and Dividend decision
What is the difference between individual and group decision making?
An individual decision is a decision that was made by one person. A group decision is a decision that was crafted by multiple people.
What is decision making and communicating?
Decision making is the process by which a decision is made. Communicating, when it comes to decision making, is the way the information about that decision is distributed to ensure everyone is aware.
What economics decision?
a decision that depends on the economy that is currently in place. the decision must depend on the economy of the time that the decision is made.
What is the fifth and last step in the decision-making process?
The fifth and last step in the decision-making process is to evaluate the decision. This involves reflecting on the outcomes of the decision, assessing its effectiveness, and learning from any mistakes or successes to inform future decision-making processes.
Why is a responsible decision a good decision?
Because an irresponsible decision is a bad one
Distinguish between a firm's capital budgeting decision and financing decision?
~The decision about which assets to buy is termed the capital buygeting or inverstment decision. The cesision about how to raise money is the financing decision.
What is a decision making?
Decision making is when you make a decision
