LP3 Assignment: Product Concepts and Development
This assignment will assess competency 5.Create a set of marketing planning activities as a tool for accomplishing organizational objectives.
For this assignment, view the videoChapter 11 – Developing and Managing Products. Jim King and his wife discuss how they decided to create the company GaGa’s Inc. using the product Sherbetter. The line expanded from just Lemon to several other flavors as well as Sherbetter bars, the struggles of branding, line extension, and other aspects of the frozen dessert market.
After viewing the video, write a 800-1000 word essay that responds to the questions, “What type of new product is GaGa’s Sherbetter? Why?" Also respond to the following prompt: “what stage in the Product Life Cycle does it seem that GaGa’s is in? Explain."
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