MANAGEMENT

Detailed explanation-1: -Good design can increase your product’s reach in the marketplace and make it more attractive to customers. These are important factors in selling the product, improving it and getting a return on your investment.

Detailed explanation-2: -A product range allows companies to expand their product offering and thus, addresses the needs and preferences of different consumer segments. This enables them to grow their audience while boosting customer loyalty.

Detailed explanation-3: -Product design is crucial because it creates a unique and creative experience for the consumer. As a result, the product’s design can attract new customers and create loyal ones. A product’s design can go far in creating a memorable experience, which in turn will build strong brand loyalty.

Detailed explanation-4: -For example, customers may suggest how to develop products with a design that allows the firm to price its product lower than alternative products, or how to develop a product with a set of unique features. Specific investments dedicated to customer relationships can also be undertaken in response to competitor moves.