Products and/or Services
Describe the products and services you plan to sell.
How is your product or service unique?
Are you producing a commodity or a differentiated product?
How does your product or service compare to other products in
Quality? Price? Location?
What experience do you have with this product/service?
a) Service: Inferential Analytics service (Will provide the future stock price using the current and past market data using various economic variables)
b) Unique selling point of service: It will provide future stock price
c) It is not commodity or a differential product, it is service.
d) Quality : Highly advance and futuristic solution for stock price prediction. High Quality
Price: depend on per user and number of stock predictions.
Location: Online solution
e) Currently working on this service and have good knowledge about software and artificial intelligence technologies which can help in predicting stock price.
Products and/or Services Describe the products and services you plan to sell. How is your product...
-Describe two products or services that you have purchased recently—one product or service that you feel represented good value for money, and one that did not. -What adjustments to the pricing strategy (or product strategy) would you recommend in relation to the product or service that failed to provide good value?
Part 1: Pricing Strategy on the Topic NIKE Briefly describe pricing for your product or service. How does this compare to competitors, assuming competitors are at or near break-even point with their pricing? Analyze pricing alternatives and make recommendations about pricing going forward based on the following: How sensitive are your customers to changes in price? What revenue do you need to break even and achieve profitability? What does the price say about your product in terms of value, quality,...
Convenience stores with gas stations tend to sell an essentially identical variety of products and services. Yet this is generally considered to be a monopolistically competitive industry selling differentiated products. How can this be considered a differentiated product?
Visit any large local retailer of your choice and imagine yourself shopping for a product that you think is carried by that retailer. Answer the following questions on the basis of your observations and complete a two- to three-page report. A. Location Factors What is the type of location (traditional business district, community shopping center, etc.)? How congested is this part of town in general? What influence does the neighborhood have on your impression of the store? Would you travel...
the service is a daycare Briefly describe your product or service. Where is it in the product development life cycle? What recommendations do you have for improving the offering to fit your target market’s needs? Be sure to consider the following: What level of quality and consistency does the offering have? How many features does it have and can they be removed or added? Does the design and/or service deliver what the customer values? If not, how can it improve?...
SETUP: MARKETING MANAGEMENT PLAN PURPOSE (VERSION #4) DESCRIBE WHO YOUR MARKETING MANAGEMENT PLAN IS FOR, AND WHAT THEY WILL KNOW THAT THEY DIDN'T KNOW BEFORE READING YOUR MARKETING MANAGMENT PLAN. We will create a final template, and you will fill out a new part of the plan each week. At the end, you will submit the final copy of your complete plan. SETUP: COMPANY NAME (VERSION #4) WRITE DOWN THE NAME OF YOUR COMPANY. VISION: COMPANY VISION (VERSION #4) WRITE...
Overview You are preparing to develop a marketing plan for a product in this course. Tell the class what product you will use to develop your marketing plan. Think about a product you hear about in the news, for example: iPad or Starbucks coffee). Instructions Post the product you will use for your marketing plan. What type of customer demographic teenagers/parents/elderly/males/females/etc.) is purchasing these products? Why do you think this group buys these products? Is this product a need or...
firm is herschel · Introduce your service firm. Include the company name. Describe the company and its services based on the 4 P's: • Product (Service in this case - be careful to express the company in terms of its services rather than the products they may sell) • Place • Price • Promotion If it is a large firm, you may wish to review one service rather than the full firm. In this case, describe the entire company and...
Describe one experience you had with a poor quality product or service. Refrain from naming actual people, businesses or products. Then state briefly which quality assurance principle, concept, or approach might have helped prevent or improve the situation. A one or two paragraph answer is sufficient.
Points of Difference (Unique Selling position) - How is your business unique in the market? What differentiates your product/service from others in the market? What makes your business stand out from your competition? What product gap or service need does it fill for your customers? Market Positioning - Where do your products/services fit in the market? Are they high-end, competitive or budget? How does this compare to your competitors? Create a positioning statement for one of your target markets. above...