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Explain the Stages in food Product development Process?
Food Product Development Process: The food product coordinates the technology used by the company and its culture to develop a multifunctional and disciplined system. i. Planning Phase:The planning phase is an important phase in food product development. This phase comprises two product independent stages. Food trading plan- This plan is the result of the retailers annual strategic planning exercise. Category plan- this is based on Efficient Consumer Response (ECR) ii. Product Development Phase: Development briefing:
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Categories Values Sales $ 51,400,000 Cost of goods sold $ 25,700,000 Variable expenses $ 8,425,000 Fixed expenses $ 8,510,000 Inventory $ 6,255,000
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