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Multiple Choice Question Answer | Introducing A New Product Into The Market Is Called _____.

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The correct answer of this mcq is D) "C ommercialization" , as Commercialization is a process of bringing new products or services or ideas into the market to gain profits or financial return. During New Product-Development Process, commercialization requires co-ordination of different departments such as production, distribution, marketing, sales, human resource management, customer care representative service, etc., to achieve a commercial success. Commercialization is considered to be the final phase of new product-development process. Proper commercialization plan should be prepared before the product is ready to launch. Company needs to test the product before releasing into the market. Check the strategic and tactical strategies so that the short-term and long-term plans will come through i.e., product will satisfy customers needs and create superior customer value, product is acceptable by the audience and it is beneficial for the society. Advantages of Commercializati...
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SWOT Analysis Is Part Of Which Of The Following?

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Answer Of MCQ And Four (4) Parts Of SWOT Analysis The correct answer of this multiple choice (mcq) is e. Situation Analysis because such analysis is related with the analysis of internal and external factors affecting the business. The analysis of these factors shows the Strengths (in which resources and capabilities are seen), Weaknesses (e.g., lack of satisfaction customers 'needs), Opportunities (business environment) and Threats (i.e., from competitors, business loss, etc.). This analysis is helpful for checking the business’ current position in the market and provide a guidance for strategic planning process. SWOT Analysis also shows Strengths, Weaknesses, Opportunities and Threats of the business. So, SWOT Analysis is just a part of Situation Analysis. In Situational Analysis, both internal and external environments are evaluated. In internal environment , the internal factors such as financial resources, human resource management, technology resources, marketing team, sales...
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(MCQ | True & False) A Company Launching A New Product Must First Decide ________.

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MCQ & And True & False Question Answer | Company Launching A New Product Must First Decide ________. The correct answer is (C) " when to launch the product" , as when launching a new product or service into the market, the company must decide, firstly, when to launch the product into the market i.e., the suitable time in which the new product can attract & influence the customers (both existing and new) in the market. So, a company launching a new product into the market must first decide on where to launch the product is "False" . Launching a new product requires careful examine as it is the time to release the product in front of the audience. The company adopts various mediums and marketing strategies to get maximum exposure when launching its new product. In this way, the customers are well aware of its new products and if they are willing to buy product, they will surely buy new products launched by the company through marketing campaign. Press re...
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