Within your studies of the new product development process, look at the following mini cases and answer the questions that follow. Kentucky Grilled Chicken Case When you're a giant company like Kentucky you can perform new product development process your own stores. Take Kentucky Grilled Chicken for instance. I'm sure it began during an They must have said, "Hey, what is the trend now?" Or maybe it is coming from a consumer or supplier. Either way, the Kentucky Grilled Chicken passed the
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- 2. Think about a product/service you or your family really like and explain in detail why you like the product/service. Discuss the features you really love about that product or service. Are these features unique to that specific product? Do these reasons make you feel loyal to a product or brand?Critical Thinking Products such as video games pro- duced for traditional gaming consoles used to be sold only as physical items, but of course now they can also be downloaded onto a gaming console (such as Xbox One or PlayStation 4). For a video game that is exclu- sively sold as a download, how do you think the new product development process might vary compared to the process involved in producing a video game sold exclusively as a physical product?Producing a new product of Gardenia. what is the market mix (product). decribe it better. the 2 product that are combined to create a new product, picture is attached below. explain the product well, why would it be a success and why is it a good idea. please help. i would really appreatiate it
- Explain, in detail, with the help of any example from FMCG/Automobile/Consumer Durable industry, marketing strategies to be adopted for maturity stage of Product Life Cycle(PLC). Explain Briefly.In which stage of the product life-cycle would you place Mi Ola’s products? In this stage, would you expect Helena Fogarty to put more emphasis on developing new products, deleting existing products, or modifying existing products? Why?Critical Thinking Sometimes marketers seem to stickwith the same packaging ideas year after year regardless of whether they are the best possible design.Following is a list of products. For each one, discusswhat (if any) problems you have with the packageof the brand you use. Then think of ways !he pack·age could be improved. Why do you think marketersdon't change the old packaging? Whal would be theresullS if !hey adopted your package ideas?a. Dry cerealb. Laundry detergentc. Frozen orange juiced. Gallon of milke. Potato chipsf. Loaf of bread
- Easy Play Audio/Video Corp. has been selling audio and video equipment to the international market for six years. Recently, the company decided to drop its line of televisions because the United States is importing televisions at a lower cost than the company can make their television. Which stage of the product life cycle theory is the company currently in? A. Stage 1 B. Stage 2 C. Stage 3 D. Stage 4Give examples of existing products that you think are in (a) growth; (b) maturity; (c) decline stage of their life cycle. Explain your choices.using the opportunities you have identified above, describe:one product development recommendation, and explain why this idea should beadopted by your selected EV company.and One market development recommendation, and explain why this idea should beadopted by your selected EV company.
- Old products or services that are at theirdeclined stage in the U.S. market may be innovations in a foreign market or, old products in a foreign market may be innovations in the US market. Elaborate on this in detail.Select one (1) product from a recognized company. Find information about the product and analyze how the company has managed the Product Life Cycle (PLC) over the years. Identify the product and what stage of the life cycle it is in. What strategies in the marketing mix would management have to use to prevent the product from entering the decline stage?4. What five new product areasdo you think will be “hot” in 2030? Justify your picks and support your conclusions