Description
Complete question is in the attached word document.
- Present an idea for a new product.
- Describe the product.
- Show some cost estimates and pricing suggestion for this product based on research.
- What approach would you use to determine selling price (for example cost plus or target costing)? It is important when choosing a design.
- Explain your rationale for the pricing approach.
- Show expectations of growth and potential profit.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Attached.
Running head: PRESENTING AN IDEA FOR A NEW PRODUCT
Presenting an idea for a new product
Student’s Name
Institutional affiliation
Course
Professor’s name
Date
1
PRESENTING AN IDEA FOR A NEW PRODUCT
2
My new product will be known as “Coffee bubble”. It will be a beverage packaged in plastic
containers and will be widely known as the only ready to drink coffee present in the market. In
addition, the beverage will be composed of tapioca pearls, fruit flavours such as lime,
strawberry, mango fruit and a red tea base. Nevertheless, it will bring a unique nourishment
and drinking experience to the customers consuming it. Most notably, it will showcase itself
as trendy and unusual substitute to traditional c...