MARKETING
7th Edition
ISBN: 9781260087710
Author: Grewal
Publisher: RENT MCG
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Chapter 12, Problem 8MA
Summary Introduction
To discuss: The two feasible ways that a new new-born skincare line might lead to initial market testing prior to launching this new product.
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Answer the following questions in relation to that product:
Questions
the product chosen is ( Seven Seas cod liver oil)
(1) Describe the product that you have chosen
(2) Comment on the information provided on the label
(3) How does the price of the product compare to the prices of the similar products in the category?
(4) Who (which target market) is the product targeted to?
(5) What consumer need does the product satisfy?
(6) What marketing activities are used to promote the product in the store and nationally?
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- Explain in details (1) Describe the product that you have Chosen. ( Dutch lady milk was chosen) (2) Comment on the information provided on the label (3) How does the price of the product compare to the prices of the similar products in the category? (4) Who (which target market) is the product targeted to? (5) What consumer need does the product satisfy? (6) What marketing activities are used to promote the product in the store and nationally?arrow_forwardDevelop a Marketing Plan for a new product. This new product can be an extension or adaptation of a currently existing product in your country. (1) Description of the Product: What exactly is the product? What are the features and how do these benefit consumers? (2) Target Market for the Product: Which group of consumers is the product targeted to? (3) 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. (4) 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?arrow_forwardAnswer questions 4,5,6 in relation to that product: Questions ( the product chosen cod liver oil) (1) Describe the product that you have chosen (2) Comment on the information provided on the label (3) How does the price of the product compare to the prices of the similar products in the category? (4) Who (which target market) is the product targeted to? (5) What consumer need does the product satisfy? (6) What marketing activities are used to promote the product in the store and nationally?arrow_forward
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