New Product in Marketing Aspect Assignment Example | Topics and Well Written Essays - 250 words

New Product in Marketing Aspect - Assignment ExampleThis strategy aims at increasing social station rather than maximizing on profits. The company also emphasizes on expansion and acquiring of additional marts, with little focus on marketing strategies, such as, market prices, share prices and characteristic the target market (Yglesias, 2014). Although this leads to increased sales turnover, it is also accompanied with increased operation costs, which reduces the gross and net profit margin significantly. Therefore, on that point is need for the company to develop sound pricing strategies that focus on maximization of revenue and profits alongside its objective on growth and expansion.dynamically continuous innovation refers to a technology that articulates effect on consumption practices and patterns, through incorporation of a new technology (Hoyer & Deborah, 2008). Recently, the Guardian Telecom bon ton has launched an extensive line of indoor industrial voice over internet pro tocol (VOIP) telephones, in an effort to provide versatile telephone products, designed for example in adverse areas. The technology requires a simple union to Guardians VOIP, over the internet protocol address, and to the users phones. The new technology aims to enhance consumer stake and communication, in industrial areas that are prone to moderately harmful environment. Compared to consumer phones, this technology is ideal for emergencies and direct assistance communication, since it enables the consumers to initiate calls from any locations with the availability of internet connection (Valdes & Dave, 2014). In addition to its intended use, this new product also provides additional services to include, call waiting, call transfer, and repeat dial features.Stewart, J. (2014). Is Amazons poove retail story coming to an end? Retrieved on 7 May 2014 from