Question

a company started marketing a new fitness watch that counted steps, but did not have a lot of the features of other fitness watches. what is the most likely reason this product did not succeed? multiple choice the product should be promotable through advertising and personal selling. the product should be unique to the marketplace in order to be competitive. the product should provide value to the customers that will be using it. the product should be able to be manufactured as quickly as possible. the product should be aligned with a customer service department to handle complaints.

Answer 1

The most likely reason this product did not succeed is that it did not provide value to the customers. In order for a product to succeed, it must offer something unique and valuable to the marketplace.

Step-by-step explanation:

The most likely reason this product did not succeed is that it did not provide value to the customers that would be using it. While the product may have counted steps, its lack of features meant that it did not meet the needs and expectations of consumers compared to other fitness watches on the market.

In order for a product to succeed, it must offer something unique and valuable to the marketplace. This could include features that other products don't have, a competitive price point, or exceptional customer service. Without these qualities, the product may struggle to attract and retain customers.

Promotion and advertising are important for raising awareness of a product, but they alone cannot guarantee success. The product itself must provide value and meet the needs and wants of consumers.

Answer 2

The new fitness watch likely failed because it did not offer enough value or innovative features to stand out in a competitive market where differentiated products and consumer preferences play a significant role.

Step-by-step explanation:

The most likely reason the new fitness watch did not succeed is because it did not provide enough value to the customers that would be using it. In a market-oriented economy, firms must compete by providing differentiated products that appeal to consumers. Without enough unique features that meet the needs and preferences of its target audience, the product faces a high risk of being overshadowed by other products that offer more value or innovation.

Considering the vast range of fitness watches already available in the market, a new fitness watch must offer something distinctive or superior in order to stand out. Features such as step counting are now standard, and consumers look for additional functionalities, which this product lacked. Ultimately, for a product to succeed, it must align with consumer demands and expectations, providing a compelling reason for purchase beyond what is already available.