KIDS TRIVIA

Detailed explanation-1: -Consumers are loyal to experiences, not companies. According to our 2021 State of the Marketing report, 80% of marketers say customer experience is the key competitive differentiator.

Detailed explanation-2: -Evaluation (consideration stage): At this stage of the process, the consumer decides if he wants to try the new product or not. Trial (sampling stage): This is the stage where the consumer tries the new product.

Detailed explanation-3: -Idea generation (Ideation) The initial stage of the product development process begins by generating new product ideas. This is the product innovation stage, where you brainstorm product concepts based on customer needs, concept testing, and market research.

Detailed explanation-4: -Companies gain a competitive advantage and market share through product differentiation. Product differentiation increases market competition and controls prices for consumers.