Product Planning and Management
In the realm of business, effective product planning and management are vital components of success. From conceptualization to launch and beyond, businesses must navigate the complexities of developing, branding, and managing their products to meet the needs and preferences of consumers. In this blog post, we'll explore the key aspects of product planning and management, including the differences between goods and services, product line development, branding strategies, consumer versus business products, and product life cycles. Goods and services represent two distinct categories of products, each with its unique characteristics and challenges. Goods: Goods are tangible, physical products that consumers can see, touch, and feel. Examples include electronics, apparel, and household appliances. Goods often undergo manufacturing processes and require physical distribution channels. Services: Services, on the other hand, are intangible offerings that provide value through actions,