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What is sub sector?

Retail sub sectors are the different categories of product types, eg, clothing and footwear, DIY,


What is crop specialization?

Separation of the work force into different categories of labor; dividing the work required to produce a product into a number of different tasks that are performed by different workers.


What is retail sub sector?

Retail sub sectors are the different categories of product types, eg, clothing and footwear, DIY,


Adoption and diffusion process for new product?

Adoption of a new product is concerned with the spread of a new product from the source to the public/consumers/users. The stages begin from innovators, early adopters, early majority, late majority to laggards.


Is bleach a household product or cleaning product?

Yes to both categories.


Differentiate the assortment and variety?

Assortment refers to the different types or categories of products available within a particular product line, while variety refers to the number of options or choices available within each category. In other words, assortment refers to the range of product categories, while variety refers to the depth of options within those categories.


Should new products always target new adopters or should they target the broadest market possible?

New products should ideally target a balanced approach, focusing on early adopters while also considering the broader market. Early adopters can provide valuable feedback and generate buzz, which can help refine the product and build initial traction. However, aiming for the broader market can maximize sales potential and ensure long-term sustainability. Ultimately, the strategy should align with the product's goals, market conditions, and the specific needs of the target audience.


What were the three major household laundry product categories?

The three major household laundry product categories were electric washing machines, electric dryers, and gas dryers


Who are the losers in the product diffusion game?

In the product diffusion game, the losers are typically late adopters who miss out on the initial benefits and value that early adopters experience. These individuals or groups may face higher prices, limited access to the product, or a lack of social validation. Additionally, companies that fail to innovate or adapt to market changes can also be considered losers, as they may lose market share to more agile competitors. Ultimately, those who resist or delay adoption may find themselves at a competitive disadvantage.


What is different categories?

yes


What is meant by product assortment?

Product assortment refers to the variety of products offered by a business or retailer to its customers. It involves the range of different product categories, brands, styles, and price points available for purchase. Having a diverse product assortment can attract a wider customer base and increase sales opportunities.


What product is currently in the introductory stage?

A new virtual reality gaming console that was just launched last month is currently in the introductory stage. It is still building awareness and attracting early adopters before entering the growth stage of its product life cycle.