ZuoTi.Pro
Question

Marketing Question: If you look at any company you will notice that they sell more than...

Marketing Question: If you look at any company you will notice that they sell more than one product. Explain the importance of a product portfolio to a firm.
business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

The buyer market works based on demand and supply of the products. Any item has a fixed lifecycle where it is created, develops and after that turns mature. It is in the last stage of the product's lifecycle that its use will diminish for the consumers and there will be substitute items accessible to them.

A product will reach its lifecycle's end Where it won't be beneficial for an organization anymore and it needs to find other sources revenue. It is here where a product portfolio comes handy as the company has other products to be depended upon.

In this manner, developing a products portfolio helps an organization in running effectively over the long haul. On the off chance that one item achieves maturity, the organization has different products to be relied upon to remain successful in the business.

0 0
Add a comment
Know the answer?
Add Answer to:
Marketing Question: If you look at any company you will notice that they sell more than...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Explain why social media marketing is more effective than traditional marketing, such as TV, radio, newspapers,...

    Explain why social media marketing is more effective than traditional marketing, such as TV, radio, newspapers, and magazines. You may want to take a look at the ClueTrain Manifesto as covered in Chapter 7

  • Submit a brief proposal, not more than 750 words, describing a company or organization for which...

    Submit a brief proposal, not more than 750 words, describing a company or organization for which you would like to develop a marketing plan, for your portfolio project, and indicating a new offering for this company, that the plan will support. Your proposal must: Describe the company and the current portfolio of brands (products/services) Briefly describe the intended market segment that will be targeted and the need that will be fulfilled Establish the strategic fit between this target, product/service and...

  • Assignment 4b. Find a Marketing Plan for any company, preferably (but NOT required), for one that...

    Assignment 4b. Find a Marketing Plan for any company, preferably (but NOT required), for one that operates in more than one country. Write a one-page critique of this marketing plan, evaluating the quality, thoroughness, actionable steps, etc. Be “critical” in your assessment and be sure to give some recommendations. This paper is to be no more than 1 page, 12-point font, single spaced. Include a copy of or link to the actual marketing plan

  • 1. Define strategic planning. How is strategic planning different for international marketing than domestic marketing? 2....

    1. Define strategic planning. How is strategic planning different for international marketing than domestic marketing? 2. Discuss the benefits to an MNC of accepting the global market concept. Explain three points that define a global approach to international marketing. 3. Discuss the effect of shorter product life cycles on a company’s planning process. 4. What is the importance of collaborative relationships to competition?

  • QUESTION : Look at the entire length of the sequences. What do you notice about the...

    QUESTION : Look at the entire length of the sequences. What do you notice about the electropherogram peaks and quality scores at nucleotide positions labeled “N”? Describe the quality scores at these “N”. Where do you find more Ns? (at the 5’and 3’ends of the sequence or in the middle of the sequence). Why is it important to remove excess N’s from the sequences? Sequence Viewer А A.ab1 NN Quality NN NNNN NN N NN NNAN NCN NN NN NNNNNNAN...

  • 1. As the marketing manager of a company, you are entrusted to prepare a marketing plan...

    1. As the marketing manager of a company, you are entrusted to prepare a marketing plan to develop a new organic herbal tea brand that has health benefits. (20) a. Identify one marketing objective / goal for the above-mentioned product? b. Which market segmentation would be most suitable to target your marketing strategies and explain reasons for selecting this market segmentation? C. How would you apply marketing mix to satisfy the wants and needs of this target market? Discuss briefly,

  • Need a Marketing Plan created for a Tax Preparation company or a Convenient store or any...

    Need a Marketing Plan created for a Tax Preparation company or a Convenient store or any kind of business you choose, either one is fine. No Need a Marketing Plan created for a Tax Preparation company or a Convenient store or any kind of business you choose, either one is fine. Thank you.Need a Marketing Plan created for a Tax Preparation company or a Convenient store or any kind of business you choose, either one is fine. No Plagiarism Thank...

  • A Food Marketing Institute found that 34% of households spend more than $125 a week on...

    A Food Marketing Institute found that 34% of households spend more than $125 a week on groceries. Assume the population proportion is 0.34 and a simple random sample of 362 households is selected from the population. What is the probability that the sample proportion of households spending more than $125 a week is less than 0.35? Note: You should carefully round any z-values you calculate to 4 decimal places to match wamap's approach and calculations. o.5675* (Enter your answer as...

  • Any idea? thanks in advance! When considering the stages of international marketing involvement, it is important...

    Any idea? thanks in advance! When considering the stages of international marketing involvement, it is important to remember that Multiple Choice ) a firm essentially progresses through the stages in a linear order O the international marketing stage is a direct result of temporary surpluses caused by variations in production levels or demand. ) a larger home market with a smaller production base favors internationalization O ) a firm may be in more than one stage simultaneously O C) at...

  • Question/Task: Discuss the role of integrated marketing communication in international marketing. You can take a company...

    Question/Task: Discuss the role of integrated marketing communication in international marketing. You can take a company or brand as example to explain the concept.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT