Please answer asap, and don’t give repeated answer from the previous posted answer. Case Study: Launching a New Product in the Beverage Industry Background: ABC Beverage Company is a leading player in the beverage industry with a wide range of products such as soft drinks, juices, and bottled water. The company has been operating in the market for the past 15 years and has a strong distribution network across the country. Recently, the company has developed a new product - a low-calorie energy drink targeted at fitness enthusiasts and health-conscious individuals. The product is expected to hit the market in six months, and the company is currently in the process of determining the market potential and sales forecast for the new product. Guide Questions: 6. What will be the distribution strategy for the new product? 7. What is the competition like for the new product? 8. How will the company position the new product in the market? 9. What are the expected sales for the new product in the first year? 10. What are the assumptions and risks associated with the sales forecast for the new product?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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