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New Product Launch Marketing Plan

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Submitted By joankalewis
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New Product Launch Marketing Plan
Joanka Lewis

MKT/571

July 1, 2014

Larry Moore

New Product Launch Marketing Plan Organic Baby Products are a new product that would allow your baby to be health and safe at the same time. The products are made with only natural ingredients which allow the consumer to feel comfortable about using and purchasing the products. The market segmentation will show how this product is marketed to a targeted buyer
PLC Strategy Plan

PLC (Product Life Cycle) is defined as the life span of a particular product. It entails of four stages which are labeled as introduction, growth, maturity and decline. The introduction stage is when the product is first introduced on the market. This stage of the cycle could be the most expensive for a company launching a new product ("Product Life Cycle", 2014). The growth stage is when the product is in great demand and sales are steadily rising ("Product Life Cycle", 2014). The third stage, maturity, is when the product is established and the aim for the manufacturer is now to maintain the market share they have built up. This is probably the most competitive time for most products and therefore Team C would need to invest wisely in any marketing they take own. The last stage is called the decline. In the decline stage the market for a product will start to shrink. This shrinkage could be due to the market becoming saturated, or because the consumers are switching to a different type of product ("Product Life Cycle", 2014).

Furthermore, as in regards to the management JBT Organic Baby Line, the introduction will most-likely be a lot of heavy promotional and advertising activity. This will help raise awareness of the new product, and to seek sales amongst consumers who are not afraid to try a new product. Also, in efforts of recouping the funds spent

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