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If you will sell a product, what would it be and why? Give an example of the features/ benefits.
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- When presenting your ideas to a potential buyer, what are some ways to stand out and have them choose your product.develop a marketing plan, Description of the Product: What exactly is the product? What are the features and how do these benefit consumers? Target Market for the Product: Which group of consumers is the product targeted to? Comprehensive Description of the Marketing Mix for the Product. This should be a fulsome description of how you will address the 4 P’s (product, promotion, pricing and place) for your product. Conclusion: What benefits does this product offer consumers and makes it unique or superior to other similar products on the market, and that is it likely to make it successful?When is a business most likely to adjust the marketing mix of a product? If costs change If customer needs change If management changes If Price changes
- Design your product and provide it a name and a description and visual/picture of it (this can be your own drawing or an image from the internet with your brand/logo assigned to the image). Justify your choice by explaining in detail the reasons why you select your product (i.e. is there a demand for it? will it solve any social, environmental or financial issues? etc.). What is your vision for the selected productSelect 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?Describe FOUR (4) options you might take if your customer believes your product did not fulfill their needs.
- 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?Does the stand or belief of a company affect product sales? or do customers only care about pricing, brands, features, etc.What is a price? How does the price of a productdiffer from the cost of the product to the consumer?
- Besides the good quality and features of a product, what are the factors that intervene or moderate the consumer buying decision? Explain the features with examples.Would a consumer products manufacturer ever want to create more product extensions and variations than it could explain in terms of pure market appeal? Why or why not?Description of the Product: What exactly is the product? What are the features and how do these benefit consumers? Target Market for the Product: Which group of consumers is the product targeted to? Brief Overview of the Marketing Mix for the Product. This should be a concise description of how you will address product features, distribution, promotion, and pricing for the product.