Question

In: Finance

Why is function the key to product success?

Why is function the key to product success?

Solutions

Expert Solution

Functions and actions are both the key to product success if a person determined his functions and rightly implement them he shall achieve success.

Only determining the functions does not achieve success rightly understanding the market structure the need of the product the advertisement are the functions.

The demand of the product the market structure the advertisement is determined by the past experiences and different information available.

After determining the functions the hard work towards the market analysis reading the minds of people transportation of the raw materials is done.

1. Knowing the demand of the product as soon as a company knows that a particular demand of a product has increased it has market scope and profitability in future it shall put it hands in that business.

2. Proper advertisement proper advertisement is necessary when the product is new when the company is new in the market even if it is old the product is needed to be marketed.

Proper functioning marketing transportation and the final availability to consumers need to be done in order to achieve success


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