Product life Search Experience Credence cycle attributes attributes attributes
Introductory Increase Increase trial Need external
phase of visibility trust or start Product life with related cycle work with experience attri Growth Market Create positive Start building Low penetration word of mouth own trust competition Maturity Sustain Customer Maintain High comp satisfaction Customer Evaluation criteria (measures)
Attributes on which products are evaluated
Product life Search Experience Credence cycle attributes attributes attributes
Introductory Displays Demonstration No evaluation
phase of organized for Product life salespersons cycle required Growth New retail Customer No. of calls Low outlets opened complaint Percent competition New Markets handling conversions
Maturity Market share Sales and Customer base
High comp service Developing Metrics
Attributes on which products are evaluated
Product life Search Experience Credence cycle attributes attributes attributes
Introductory Displays Demonstration No evaluation
phase of organized for Product life salespersons cycle required Growth New retail Customer No. of calls Low outlets opened complaint Percent competition New Markets handling conversions visited Maturity Market share Sales and High comp service Customer base • Identifying the evaluation criteria and assigning weightages • Frequency of reporting and appraisal • Basis of evaluation • Annual review process Advantages • Equate effort of different sales people • Ensure effort for different products • Align marketing and selling Monitoring: Subjective versus Objective
Attributes on which products are evaluated
Product life Search Experience Credence cycle attributes attributes attributes
Introductory Subjective: Subjective: Would be irritating
phase of Would be to the customers Product life costly cycle Growth Largely Low Objective competition