Production Weekly Reflection

Team D Weekly consideration Marketing mix in MKT-421 May 10, 2012 prof Hample Team D Weekly Reflection During our weekly reflection we cerebratesed on harvest emergence. The development refer in creating a result is comprised of seven maltreats. The first step in the process is coming up with an humor propagation and screening. The use of instruction groups is unity way of coming up with an belief, because the consumers that participate in these groups have a myriad of ideas that poop be utilitarian in a market strategy. That idea has to be impression take place forth thoroughly with the consumer in mind. The screening process is do in conjunction with idea generation. During this process the ideas that were thought out have to be criti chaffery evaluated by personnel in spite of appearance the fellowship such as the executives of the troupe. After the ideas are whittled megabucks therefore you as a company have to personate a line out potential in terms of sales, product costs, profits, and what your competitors replys if the product is introduced. The second step in the process is the opinion development and testing. This is where the company received feedback from customers, distributors, and employees. They whitethorn in akin manner use focus groups in this stage to scramble feedback such as likes and dislikes of the product.

The third base step is the marketing strategy development. During this phase of the process this is where organizations set their inquiry teams to come up with a prototype of the product. This is also where the consumers get to stress the real ! product. A favorable customer reaction helps the company decision to release the product. An unfavorable reaction may call for some adjustments like price, distribution costs, and anything that may have caused the consumer to get an unfavorable reaction. The fourth step in the process is the line of products analysis. During this step the ideas that were created are narrowed down feather to one or two ideas. Then the external/ essential research is conducted to determine if it fits the...If you want to get a good essay, decree it on our website: OrderCustomPaper.com

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