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MGT211 Introduction To Business Assignment 01 Fall 2020 Solution / Discussion Due Date: 04-02-2021

MGT211 Introduction To Business Assignment 01 Fall 2020 Solution / Discussion Due Date: 04-02-2021

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MGT211 Assignment 1 Solution Fall 2020 - 2021 || Introduction to Business

MGT211 Assignment 1 Fall 2020 Solution idea:

 

 

Question No.1

Solution:

Product is the core concern of any firm. All the efforts from raw material to finished form are related to the product. The business firm spends their every resource to develop, present & product Is the core concern of any firm. All the efforts from raw material to finished form aintain product throughout their business operation.

 

 

Question No.2

Solution:

 

Introduction

A stage when a new product is introduced in the market after continuous R & D, & all developmental processes. At this stage, there are only one or few manufacturers in the market.

 

Growth Stage

Al this stage, customers' awareness develops & people start knowing more & more about a new product in the market

 

Maturity Stage

At this stage, people become more and more aware of the new product in the market so here comes the time when not only the product become stable but people also start recognizing the company with the reference of that particular product.

 

Decline Stage

Last stage of any product. Product loss market share as well as profits for the firm. At this stage, the product will disappear from the market.

 

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MGT211 Assignment 1 Solution Fall 2020 | MGT211 Assignment 3 Solution 202

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