Question 4
Market share plays most important role in context to product development. If in case we want to increase the market share then we have to
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Answer:
share you marketing share in more price.
Explanation:
share you marketing share in more price.
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Market share plays a very important role in the context of product development and if we want to increase market share we must is:
- Where there is an increase in product sales.
- Where there is a natural increase in the value of the managed property.
- If you buy a painting and there is an increase in its value due to the increase in its popularity.
- The new process of product development starts at conceptualization and ends with product development and marketing.
The steps involved in a new product development plan are as follows: -
- Vision Generation
- Vision Test
- Cognitive Development and Evaluation
- Marketing Strategy Development
- Business Analysis
- Product Development
- Marketing Evaluation
- Trade / Product Delivery.
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