Week 1 - NPD Why and How Flashcards
Can you give some reasons for NPD
1- Changing consumer needs
2-For competition
3-Changing societal issues (ex perception of food dye)
4-New legislation
5- More knowledgable consumers (education and access to information).
6- Demographical changes (age and immigration).
Complete the following sentence : A ___ approach is essential to be successful in the food market.
consumer-oriented
How did consumer evaluate quality in the past?
with the intrinsic factors of food.
Nowadays, consumers evaluate the quality based on ___ and __ factors
extrinsic
intrinsic
Give examples of intrinsic factors
- smell, texture, taste
- Appearance, shape, size
- Nutritional value
- Shelf life
- Safety
- Packaging
Give examples extrinsic factors
- organic production
- Welfare
- Fairtrade
- Brand
- Conveniencee
- Customer service
What are extrinsic factors?
It is the things you can’T perceive when you go to the shop because they are external. They are not about the product themselve but from the whole.
What are intrinsic factors?
Factors that can be perceived when looking at the food, they are inherent to the food.
What are the categories of food products
1- Me too products 2- Repositioned existing products 3- New packaging of existing products 4- Line extensions 5- Reformulated products 6- Other forms of existing products 7-Co innovation 8- Innovative 9- Creative true new products
What are me-too products?
products that are the same but a different brand
What are repositioned existing products?
a product that has a repositioned marketing for a property it already had but now the benefit of that property is advertised to consumers (margarine with high vitamin E).
What kind of product would be a the use of MAP for an already existing product
New packaging of existing products
Diet coke would be an example of ____ category of new product
line extensions
What is the most common type of new product
line extensions
What is reformulate products?
Existing products that get a new formula without changing the product’s characteristics.
What could be the reasons for reformulating a product
- reduce the cost
- Irregular supply of raw material
- Take advantage of the availability of new ingredients