Define the factors influencing product development, Chemistry

Assignment Help:

Factors Influencing Product Development

Product development is an innovative activity designed to meet the changing consumer demands. It is becoming increasingly important in the dynamics of marketing environment. Product developers should  be familiar with marketing, financial implications and logistics of introducing a new product into the competitive market. Moreover, they have to know how to undertake product development work from the customer's perspective. Products will have to be developed in response to a specific, clearly identified market opportunities. In  addition to consumer demands, the driving forces behind new product development are  peer competition, availability of new technology and alternate raw materials, and  desire for novelty. Market fragmentation leads to developing different types of foods for various categories of consumers. As these are likely to intensify, the product life cycles are likely to shorten. Increase in the purchase power of sections of population, changing life styles, and increased emphasis on health and nutrition put pressure on processors to offer something new to the consumer. Science and technology in the food industry are increasingly defined by the demands and perception of the market place. To cope with such a situation the food industry has to resort to product development and innovation as a continuous activity.
 
But, whatever may be the influencing force, remember it is always important to develop consumer oriented products. And how do we go about it? Read and find out.


Related Discussions:- Define the factors influencing product development

The strongest bond, Which one is the strongest bond: (1) Br- F    (2...

Which one is the strongest bond: (1) Br- F    (2)  F-E                             (3)  Cl-F                   (4)  Br- Cl Ans: Br- F

Oxidation & reduction, theory of oxidation & reduction titration with examp...

theory of oxidation & reduction titration with examples

Calculation of radiations received by a panel using solrad, a. Calculate th...

a. Calculate the global radiation density (kWh/m 2 ) received by five panels located in San Jose on July 1, 2012: Panel A: Tilt=37.3 o , Azimuth=180 o (South) Panel B: Ti

What is the packet of energy called, What is the packet of energy called: ...

What is the packet of energy called: (1) Electron          (2) Photon    (3) Positron                 (4)Proton Ans:  Photon

Solubility of ionic substances-thermodynamics, Thermodynamics Consider ...

Thermodynamics Consider an ionic solid that dissolves in water according to the equation: The equilibrium constant for the reaction, is defined as the solubilit

Lanthinides, how can you explain the fact that lanthinides are highly elect...

how can you explain the fact that lanthinides are highly electopositive?

What do you mean by nucleus of the atom, Q. What do you mean by nucleus of ...

Q. What do you mean by nucleus of the atom? The nucleus of an atom for the reason that atoms have no net electrical charge scientists reasoned that if an atom contains particle

Define the term - extrusion, Define the term - Extrusion It is a meta...

Define the term - Extrusion It is a metal working process that produces long lengths of uniform cross sectional area from a metal billet by causing the latter to flow under h

Explain bulking of sand, Explain Bulking of sand The presence of moistu...

Explain Bulking of sand The presence of moisture content to particular extent in sand increases the volume of sand. This is due to the fact that the moisture causes ?lm of wate

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd