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What are the various elements of a product.
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[QUOTE="CALVINDOL, post: 294965, member: 43757"] A product is a tangible or intangible item that satisfies a customer's needs or wants. There are several key elements of a product that are important for marketers to consider: PRODUCT FEATURES: These are the physical and functional characteristics of a product, such as size, weight, color, and capabilities. PRODUCT DESIGN: This refers to the overall look and feel of a product, including its packaging, branding, and user interface. PRODUCT QUALITY: This refers to the level of excellence of a product in terms of durability, reliability, and performance. PRODUCT FEATURES: This includes the additional services or benefits that the product provides, such as warranty, instructions, customer service, and maintenance. PRODUCT BRANDING: This refers to the name, term, design, symbol, or other feature that identifies the product and differentiates it from its competitors. PRODUCT POSITIONING: This refers to how a product is positioned in the market in relation to its competitors, based on its features, benefits, and target market. PRODUCT LINE: This refers to a group of related products that a company offers, such as different models or variations of a product. PRODUCT MIX: This refers to all the products and product lines that a company offers, and the relationship between them. All these elements contribute to the overall value of a product to the customer and play a crucial role in the product development, marketing and positioning. Understanding the key elements of a product can help a company to develop and market a product that is well-suited to the needs and preferences of its target market. [/QUOTE]
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What are the various elements of a product.
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