[Barbie] Barbie is the manager of a luxury clothing line and…
[Barbie] Barbie is the manager of a luxury clothing line and notices sales are dropping. To increase sales, she encourages employees to send in ideas for new clothing products. After reading all the submissions, she then narrows down the amount of ideas to only a few after considering if the ideas correspond well with the company’s brand and if the company has the proper resources to carry out the ideas. Barbie narrowing down the number of product ideas exemplifies which part of the new product planning process?
Read Details[food] Mark developed a new application that University of F…
[food] Mark developed a new application that University of Florida students can use to be paid for delivering food to one another in their spare time. Mark’s business has taken off and he has decided to hire an advertising agency to take control of all of the advertising efforts for the business so that he can focus on the day-to-day operations. He needs an agency that will craft ad messages, design the ads, purchase the media, and design and monitor the brand’s social media accounts. What type of agency does Mark need to hire?
Read Details[Mac] McDonald’s marketing team is coming up with ideas for…
[Mac] McDonald’s marketing team is coming up with ideas for an advertisement for its new product, the Small Mac. McDonald’s CMO is Japanese, and she decides to create an ad set in Japan using Japanese historical and cultural references. Choosing Japanese imagery in the advertisement reflects what part of the communication process?
Read Details[launch] As more competitors launch their own products in a…
[launch] As more competitors launch their own products in a product class and the product progresses along its life cycle, company attention is focused on creating __________ demand, rather than just demand for the product class.
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