The Product Hierarchy Homework Help

Personalized homework help to elevate your understanding and boost your grades. Dive into a world where learning becomes easy, and complex topics transform into simple solutions.
  • ο‡š24/7 Assistance
  • ξ€³Expert Tutors
  • ο‚‘Guaranteed Results

Understand the Product Hierarchy Assignment Help in a Simplified Manner

A business can become profitable only if it achieves its various goals and objectives. These goals and objectives revolve around the products that the company manufactures and markets. The customers are the ultimate consumers of the products so they are the priority of the company. The demand of customers for a particular product is determined by the following factors:

  • Need for the product

The product hierarchy homework help finds its basis from the need for a product. The need for a particular product is an important factor as the consumers buy products based on their needs.

  • Wants of a customer

The wants of a customer is not the basic requirement of a customer. It is the desire of the customer to possess a particular product or service.

  • Demand for a product

The demand for a product is determined by the wants of the customer. And is coupled with the presence of disposable income with the customer.

Philip kotler designed the product hierarchy assignment help to identify how prospective customers perceive product and their value. The five levels of the product hierarchy are as follows:

 

  1. Core benefit of the product

The core benefit of the product is the reason why customers choose it over other products. They are bought to satisfy the basic needs and requirements of the consumer. They are primarily known for a particular feature or characteristic which attracts consumers. This is level is also known as need family as it highlights the need of the customer.

  1. Generic product

In this level all the characteristics of the product are generalized. This categorizes the product into a particular group of products. For example, paracetamol belongs in the category of medicines. It is known for its features of reducing body temperature, aching of body and flu like symptoms. As per the example chosen paracetamol is the generic name for this product and is more commonly referred by its various brand names.

  1. Expected product

This level in the product hierarchy homework help is concerned with the relationship of the product with the expectations of the consumer. The consumer buys a product with certain expectations in his/her mind. These expectations need to be fulfilled to ensure that the customer does not replace the product with a similar one of a rival company.

  1. Augmented product

This level of the product hierarchy assignment help focuses on the added benefits and uses of a particular product. The product can thus be used for more than one purpose. These added features also sets it apart from the similar products in the market.

  1. Potential future of the product

A company in order to be in tandem with the changes in the market needs to frequently update its production process. This can result in changes in the product. Thus, the customer is impacted by such changes which in turn impacts the demand of the product.

Reasons to use myhomeworkhelp.com for your assignments:

Β Here at myhomeworkhelp.com we help students in various ways like:

  • Provide eloquently written answers and solutions on all topics.
  • Provide solutions and answers at student friendly prices.
  • Ensure your privacy is not breached when it comes to payment of the fee.
  • We have a large data base of original content written by experts.

Download Our Solved Homework Solutions πŸ“š

Curious about the level of quality we deliver? Navigate through our carefully curated selection of solved assignments, neatly organized by subject and level. This is a great way to get a feel for our service before you submit your own assignments.

Go ahead, download, review, and let us help you excel! πŸš€

Accounting Homework

Corporate Accounting Sample

Biology Homework

Genetics Assignment Sample

Essay Writing Help

Business Plan Homework Sample

Statistics Homework

SPSS Assignment Sample

Score High with Our Experts

At MyHomeworkHelp, our experts are alumni from world-class universities and colleges. Each candidate undergoes a stringent check of their academic prowess and professional history before joining us as expert.

Hear It From Our Students

Real stories from students who’ve experienced our high-quality assistance. Discover how we’ve helped them excel!

Got Questions? We’ve Got Answers

How do I submit my homework?
K
L
Click on the "Get Help NowπŸš€" button at the top of our website. Fill in the required details about your assignment and our team will get back to you within 15 minutes with a free quote.
Is there a guarantee on the quality of work?
K
L
Absolutely! We ensure top-quality assistance. If you're unsatisfied with the results, we offer revisions and a money-back guarantee based on certain conditions.
How quickly can I expect my completed assignment?
K
L
Our experts work diligently to meet your deadlines. Depending on the complexity, we usually deliver assignments within the stipulated time mentioned in the quote.
Who are the experts assisting me?
K
L
Our team comprises professionals with academic expertise in various fields. Each expert is thoroughly vetted and has a track record of delivering excellence.
What if I need revisions?
K
L
Your satisfaction is our priority. If you need any revisions, contact us with the specific changes, and our experts will address them promptly.
How do you ensure the privacy of my information?
K
L
We take privacy seriously. All your data is encrypted and we follow strict confidentiality protocols. Your personal and assignment details will never be shared with third parties.