Question

Assume of new product you will market. You should think of planning your own product make its design , packaging, write its brand name mark or logo,

write its price and how did you price it,

Write how you will promote it.

Write how you will distribute it (through whom and which channel members will you select)

And also how you select target audience or segments for which the product is designed.

Answer 1

1            Nature of Product

              Laptops (Gaming and Business Laptops)

             

2            Write the Price and How did you Price It ?

              Price will be $ 880

              It is assumed that the Cost of Production per unit is $ 700

              Considering the premium product, the Margin is $ 180

             

3            Write how you will promote it?

              I will promote it using Web Advertising, Newspapers, Social Media, Blog Posts, etc

             

4            Write how you will distribute it?

              I will either list it on E-Commerce Website like amazon.

              or will create own website and list the product for sale and deliver the product via a reliable courier Partner

             

             

5            How you will select target audience & segment for which product is designed it?

              I will create Business laptops and Gaming laptops and accordingly target the Business persons and young generation