[Solved]- Marketing a New Product
New Product Details
In
the previous submission, the main focus was on the analysis of the trends for
the sales of two main product lines. However, this section looks at one of the
4 P`s in the marketing mix as far as the product is concerned. In the previous
submission, the main focus was on two product lines. This project narrows down
to the winter sports equipment products as the ultimate area of focus as far as
understanding the trends in the development of a superior platform for improved
consumption and sales is concerned. In this category, there is a wide range of
products that the firm offers to consumers. Therefore, the main focus is on the
ski boot. This product will help the company to focus on a selected and niche
market and hence achieve better sales in the future.
Segmentation
This
product is targeted mainly on the youth and children who engage in various
sporting activities during the winter period. For instance, the ski boots are
best suited for sporting events like golfing, skiing and but not limited to ice
hockey games. These areas attract not only the professional but also new
players who engage in skiing games. Further, the selected parties exhibit the
required level of skills as far as skiing is concerned. The firm in the survey
found out that the youth products were in high demand. Therefore, the main
focus should be on the delivery of this product targeting the youth who engage
either in leisure or professional gaming activities (Dolnicar, Grün & Leisch, 2018). Additionally, the target
market for this product is composed of young people who may be driven by the
desire to explore new ideas and adventure. Through the product, it is possible
to explore more environments and hence increase consumption in the process.
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