Maketing Question:
Think of a recent new product that either failed or succeeded beyond expectations and discuss with your classmates why it either failed or succeeded. Use examples in your discussion. Assignment Outcomes Integrate the course concepts through interaction with other Learners and your Mentor
Expert Answer
New product failure has many reasons :-
1) wrong group of customers was Targeted.
2)weak strategy was used to deliver product
3)incorrect quoting of price.
4)weak team members.
5)Delayed online marketing.
6)Not able to understand customer needs .
7)Not up to the mark or poor quality deliver.
These all reason fail any product to established in a new market.
Recent example of
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