Examlex
What is the reliability of the three components connected in series shown below?
Potential Product
A concept in marketing that refers to all the possible enhancements and improvements that a product might undergo to meet future needs or untapped market segments.
Market Testing
The process of evaluating the viability of a new product or service through controlled customer exposure, gathering feedback before a full-scale launch.
Planned Obsolescence
A strategy where products are designed with a limited useful life or undergo frequent changes, compelling consumers to purchase new products more often.
Pricing Strategy
The approach a company takes to setting the price of its products or services, based on costs, market demand, competitor pricing, and other factors.
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