ch.13 Flashcards
product adaptation?
important for both small and large global companies
quality?
competition is placing new emphasis on manufacturing quality products, the power is shifting now from the seller to buyer, increased customer knowledge
dimensions of quality?
1- market percieved quality: features the consumer expects
2- performance quality: standard of performance
maintaining quality?
performance quality is critical
products damaaged along the supply chain are a special problem for many global brands?
because the production is distant from the product
physical or mandatory requirments?
1- product homologation: used to describe the changes mandated by local product or service standards.
2- legal, economic, political, technological requirments of local market place
3- the less economicaly developed market the greater degree of changes a product may need for acceptance
green marketing?
concerns the environmental
consequences of a variety of marketing activities
Critical issues affecting product development
1-Control of the packaging component of solid waste
2–Consumer demand for environmentally friendly products
products and culture?
the product is a bundle of satisfactions that consumer recieves
the adaptation of some products by consumers can be affected by how the product conforms with?
1- norms
2- values
3- culture
4- behavior patterns
innovative products and adaptation?
any idea percieved as new by a group of people is an innovation
diffusion?
the process by which innovation spreads such as apple finger prints is an innovation, samsung and hwawi are diffusion
Variables affecting the rate of diffusion of an
object?
1-Degree of perceived newness
2-Perceived attributes of the innovation
3-Method used to communicate the idea
Five Characteristics
of an Innovation
1- relative advantage: value of new product to the old
2- compatibility: can fit with norm and values
3- trialability: economic/ social risk associated with product use
4- complexity: complexity associated with product use 5- observability: product benefits can be communicated to customers
dimensions of product can be divided into 3 components?
1- core component: why we purchase the product
2- packaging: added value and features for grabbing customer attention ex price, quality, trademark, brand name
3- support service: if the customer faces issues with the product ex: delivery, warranty