Product development Essay Example | Topics and Well Written Essays - 750 words

Product development - Essay Example1) He may look for large and ontogenesis markets with real buyer needs. For example, the artist specialization is contemporary drawing that is very popular nowadays. The artist keister make an accent on the fact that contemporary art market is growing and having even a small market share he would have a lot of customers because the market itself is big overflowing and flourishing.Insignificant point of difference is a vital factor of bare-ass-product failures. Moreover, superior characteristics of the product must be valuable for the customer to switch from another one. In general, the major sources of product differentiation are note (often related to price), usability and design, promotion methods, differences in availability (e.g. timing and location).According to these factors the products of art can differ from competitors on a basis of price more expensive paintings would be perceived as more erratic due to aesthetic considerations posit ioning for example, perfect present for the grand-father or do you want to be a modern person buy only contemporary pieces of art work and so on say where the art is sold underground den or luxurious gallery.Brand has a direct partnership with a business growth. There are two ways how a brand can touch on growth negative and positive. For example, if the artist has a well-known and respectful brand of his product line his new pictures would be wiped off the shelves despite the fact that there may be not the best bets on the market. On the other hand, the artist may create something incredible but his brand would not be recognizable and his painting would gather dust on shelves. The more important thing is how exactly to greenback the brand impact on the business. Sam Miller (Par. 8) offersDuring the marketing of the art competitor-oriented, cost-oriented and demand-oriented pricing approaches might be utilized. If the artist is recently graduated and up and coming the