Create a new product which would appeal to your market

Assignment Help Marketing Management
Reference no: EM13972351

Your company has decided to launch a new line of products.

Company link - https://www.abt.com/

Write a 1,050- to 1,400-word paper and include the following information:

• Choose the target market for your product, and describe your target market in detail.

• Create a new product which would appeal to your market.

• Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketing strategy for this new product.

• Recommend the best methods of conducting marketing research to answer these questions. Be sure to include why you chose these particular methods.

• Once you have finalized your product concept based on the findings of your market research, outline the steps you will take to bring your product to market from idea generation to commercialization, using a multi-step product development process.

Reference no: EM13972351

Questions Cloud

Compute the amount of realized gross profit : 1. Compute the amount of realized gross profit recognized in each year. 2. Prepare all journal entries required in 2015
What is the monthly interest rate on this contract : What is the monthly interest rate on this contract? What is the effective annual return? What is the APR?
Please state your answers in years : How long will it take for your money to double in each of the three banks? Please state your answers in years, rounded to the nearest tenth of a year (e.g., 6.3 years).
Calculate pressure difference due to each effect and compare : A vertical pipe of length 1.0 meter and diameter 5.0 carries a water flow of 0.2 m3/s.Based on your gut feeling, is the pressure difference due to height greater or less than the pressure difference due to viscosity. Calculate these pressure diff..
Create a new product which would appeal to your market : Create a new product which would appeal to your market. Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) that will be important for you as you determine the marketin..
College offers many different ways of learning. : You should mostly think about the purpose of your paper: why are you writing it, and what are you trying to show especially about the values people place on education?
Determine how far these two glowing superheroes : You view the Phoenix and the human torch through a telescope that has a 40.64cm objective lens and can just resolve the two figures. These two superheroes radiate red light and at the time you view them are a distance of 0.75 m apart. Using this i..
The confrontation model : The Confrontation Model - This model allows us to confront tough issues with courage, compassion, and skill. Learning is provoked and relationships are enriched
Discuss ways in which keogh plans are different from other : Discuss ways in which Keogh plans are different from other qualified plans. Include any implications of a plan covering non-employee self-employed individuals.

Reviews

Write a Review

Marketing Management Questions & Answers

  What should the initial markup percentage

A buyer plans on net sales of $2,000,000 for the coming year. Operating expenses are planned at $700,000 and retail reductions are planned at $300,000 with returns and allowances from customers at $50,000. Management wants a profit of $300,000 from t..

  Explain your unique selling proposition

Describe your unique selling proposition (USP). Next, explain the key aspects of your business, products, or services that make them unique when compared to your competition

  Which tactic is most effective and why

Review the public relations communications instruments in Chapter 10, such as news releases, brochures, and broadcast media. Which tactic is most effective and why

  What they like or do not like about tony pizzeria

There are many free online survey software and questionnaire tools that are very easy to use. The most popular is Survey Monkey. Using this free tool, create a market research survey for Tony's Pizza. Tony would like to serve his customers better...

  Describe how you have incorporated this leaderrsquos

assessment task leadership development reportthe task 1. explore the central michigan university competencies model2.

  Justify the purpose of the selected health care

Justify the purpose of the selected health care establishments' product(s) / service (s) and their associated life cycle(s)

  What is the elasticity coefficient for each price

Prepare a graph showing the breakeven point and any profit or loss at the current price of $7. Explain to the Golden Star management the implications of this analysis and What is the elasticity coefficient for each price between $6.50 and $7.50? I..

  Marketing plan- integrated marketing communications

Marketing Plan: Integrated Marketing Communications (IMC) Guidelines and Rubric, This is the culmination of the Marketing Plan. Detail the advertising and promotional activities that will be used to promote the product or service

  You do not need to conduct the actual research collect data

marketing research proposalyour final project should contain the following components nbspnbspnbsp background of the

  Analyze appearance design and location

For this assignment, you will go to a retailer's store of your choice and evaluate all aspects of the store. Be sure to usecourse concepts to analyze each of the aspects of the retailer

  Explain risk and benefits of creating online store

What risks and benefits do you think a business should consider before creating an online store

  Rank decisions based on various management strategies

Rank decisions based on various management strategies and Construct performance baselines and manage and measure performance

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd