Explain what factors need to be considered when developing a new product to sustain competitive advantage

derstood before the marketing plan can be developed.

Task 6

  1. Explain what factors need to be considered when developing a new product to sustain competitive advantage.

 

  1. Explain how distribution can be arranged that provides customer convenience
  • Identify the main criteria which management must consider before setting a price, consider organisation’s objectives and market conditions in your answer.
  1. Propose different promotional activities, and explain how these activities can be integrated to achieve marketing objectives.

Task 7

Outline the three elements of the extended marketing mix, and analyse how these elements are used in the context of marketing for your chosen/new product.

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