Prepare an outline for a presentation you have been requested to give upon the subject of the marketing implications of new product development. You have been specifically requested to concentrate your discussion on the advantages and disadvantages of: ? Innovative products ? Replacement products ? Imitative products
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Prepare an outline for a presentation you have been requested to give upon the subject of the marketing implications of new product development. You have been specifically requested to concentrate your discussion on the advantages and disadvantages of: ? Innovative products ? Replacement products ? Imitative products
Step by step
Solved in 4 steps
- 1) Would you purchase a hybrid food product that mixes plant-based meat with real animal products? Why/why not? 2) Propose a new food product that contains a mix of plant-based meat ingredients and real animal products Describe your product idea in detail. What is it? How is it eaten? What ingredients would your idea contain? Why do you think it would be popular?Identify a product important to you that you purchased where you felt that the seller had done a particularly good job of understanding your needs and helping you select and truly benefit from the purchase and use of the product. What were the aspects of design of the product and/or the whole product that you believed were at the heart of this very favorable experience?Select a product with which you are familiar (Please do not use any APPLE products). Based on your knowledge of the product lifecycle, what types of changes will occur to your selected product? How will this affect the marketing of your selected product?
- Would current customers benefit from the product?Select a product you are familiar with. Do research about that product. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?You are a brand! To manage any brand effectively, you must carefully be in touch with what you think about your brand and what your consumers think of your brand. Understanding how the brand is perceived internally and externally is critical to building and managing a strong brand. Each student will develop and present their unique brand. The objective of this assignment is for you to practice using brand-building concepts in developing a brand that you should not only know extremely well but be well-versed enough to explain the brand, its features, values, challenges,and future growth – YOU
- Sometimes products are massively successful because consumers find a use for them separate from what the developing company initially envisioned. Find two products online that fit this description and identify their initial intended use(s), then what other use(s) consumers found for them, and finally whether companies adjusted their marketing efforts around the productsPick a product that comes in a jar or bottle that advertises benefits to your urinary system: 1) What is this product? 2) How does it benefit your urinary system in detail down to the cellular level. 3) What urinary ailments does it claim to fix? 4) Are the studies underlying these beneficial effects fully legitimate? For example, do they come from within-company sources or from outside reviewers?Analyze the following options. Using the information you learned this week, which options would produce the most positive change in Personal Brand Value? How do you know? [Options-CHOOSE ONLY ONE OF THESE FOR YOUR VIDEO] 1: a recent acquaintance approaches you and offers you the chance to join a startup in Austin, TX. Your starting salary would be $55,000/year + benefits but your friend cannot guarantee any specific term of employment length or growth potential in the company. The company itself is only 18 months old but is on the cutting-edge of predictive AI technology in the travel industry.
- Select a product you are familiar with. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?If you will sell a product, what would it be and why? Give an example of the features/ benefits.When presenting your ideas to a potential buyer, what are some ways to stand out and have them choose your product.