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Sagot :
Product Class refers to the entire product category or industry, often illustrated in a product life cycle curve.
What is Product Class?
- A group of products that are similar to one another or are frequently used as substitutes for one another is known as a product class.
- Depending on how easily substitutable the various products are, the class is either deemed narrow or broad. Ham and sausage could be examples of a specific product class of breakfast meats.
- The vast majority of products go beyond merely meeting needs, which is a reality widely acknowledged in the marketing community. In order to go beyond simply meeting customer wants, businesses attempt to incorporate a number of inputs into the "basic need satisfying product."
- The finished product that is made available to consumers goes well beyond the bare necessities by including cutting-edge features, functions, handy and appealing packaging, and other glitzy extras.
Hence, the term "Product Class" designates the entire industry or product category, which is frequently depicted in a product life cycle curve.
To learn more about the Product class refer to:
https://brainly.com/question/14999891
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