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MARKETING I Product/Service Planning
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What is Product/Service Planning The process of planning and implementing strategies to obtain, develop, maintain and improve a product or product mix.
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Product Mix All of the products/services offered within a business
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Role of Product Service Planning generating and screening ideas for a product/service developing and testing the product/service introducing the product/service to consumers evaluating consumer acceptance of the product/service improving the product/service to meet consumer needs and wants.
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Product Line A group of closely related products manufactured or sold by a business Example: ADIDAS Men’s Outerwear is a product line
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Product Item A specific model, brand, or size of a product within a product line ADIZERO F50 X-TRX SG CLEATS
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Product Width The number of different product lines a business manufactures/sells OR the products a company produces separated into different categories Shoes Outerwear Accessories
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Product Depth Men's Outerwear number of ITEMS offered within each product line number of different versions of a product Example: varieties of toothpaste or jackets
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Falcon’s Nest Product Mix of Tee Shirts Product Line- Tee-Shirts (overall category) Product Item- Gildan Short Sleeved Tee Shirt; Falcon Head (specific item) Product Width - Gildan; MV Sport; Jerzee (number of product lines) Product Depth- Falcon Head, FALCONS, Bling, Logo Outline; Orange, Navy, White, Gray; Sizes S-2X (colors, flavors, designs, sizes)
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Activity Select 2 Product Lines & apply: Product Width & Product Depth 50 Points
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