Overview
- A product or service with good concept can serve its consumer in every way.
- Business should based its concept on quality, performance and ease of use are likely to succeed.
- Product introduced inside the market with in-depth market research finds audiences more easily
- Proper planning of product introduction with limited & specific demography as well as later expansion of marketing and advertisement.
- Introduction is the first stage of product lifecycle that follows growth, maturity & decline.
- Business with through knowledge of these stages expand their market share with ease and in short span of time.
- Product or Service planning is not all about pre-sale or pre-marketing analysis but also about result of sale or marketing.
- Outcome Analysis helps business to test few more grounds to scale up the sale.