Varieties of new products available in stores

Today, there is a great multitude and varieties of new products available in stores and online, from which consumers can choose. Think about the new products you’ve seen in the past two or three years, then choose a new product from any category.

Questions (2×5 = 10 Marks)

1. How would you define the attributes and benefits of the chosen product?

2. Define the core, actual, and augmented product benefits.

3. Briefly describe the steps in the new product development process.

4. Each product will have a life cycle, although its exact shape and length are not known in advance. Explain each step in the PLC.

5. What are the dimensions upon which a company manages its product portfolio?

Sample Solution

considerably more-propelled models despite everything stay sought after.

Figure 1: Buyers discard old gadgets when there’s a more up to date model accessible

The unfavorable impacts of E-squander

E-squander is probably going to be the most costly kind of waste that doesn’t just motivation money related misfortune, but on the other hand is a wellspring of lethal synthetic substances that seriously harm the earth. As indicated by an examination directed by Dr. Ruediger Kuehr, “… e-squander presents an open door worth over 62.5 billion dollars for each year… ” Furthermore, as per IFIXIT: “In excess of 20 million tons of e-squander are created each year… If you put each blue whale alive today on one side of a scale and one year of US e-squander on the other, the e-waste would be heavier.” This, in mix with the incredibly significant expense of e-squander, shows the amount of a budgetary misfortune the world is experiencing each year. E-squander likewise raises worries about water, air, and soil contamination. As expressed by an IFIXIT report: “When hardware end up in landfills, toxics like lead, mercury, and cadmium drain into the dirt and water.” (IFIXIT, n.d). This kind of waste is officially recyclable; be that as it may, whenever arranged improperly, this can present a genuine danger on the earth.

End

By and large, despite the fact that e-squander is viewed as another idea to the general population, the money related and natural impacts it brings can’t be dismissed. Innovation advancements are presented each year, and the accessibility of recently improved models has prompted the fast increment of e-squander throughout the years. Additionally, inability to reuse and properly dispose of e-squander has put the world und

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