Question

Using your textbook, LIRN-based research, and the Internet, World Bank website (www.worldbank.org), International Monetary Fund (IMF) and other available sources research about some successful companies and provide with some examples from developed and some developing countries to compare. Please apply the learning outcomes for the week/course and lecture concepts to prepare a four to six-page report that describes a marketing strategy and consumer behavior and explains about the productivity, proactivity reinvention. On your paper you have to cover the following questions:

How can companies produce new and better products into the market?

Answer 1

Companies can launch new and better products on the market by investing in research that understands the needs of the target audience and research in product improvement and creation.

Step-by-step explanation:

Companies must launch new and better products by conducting research. Firstly, it is important that a survey be carried out with the target audience, so that the company understands what the needs of that audience are and what they expect from a given product. thus, the company will be able to improve or create products that meet the needs of the target audience, ensuring sales success. It is also necessary to invest in research for improvement and creation, so that the products are more and more usual, technological, dynamic and satisfactory.