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Questions and Answers
What is a product in the context of food product development?
Why do companies need to develop new products?
What are some important considerations before food product development?
What does a product life cycle refer to?
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What do tangible attributes of a product include?
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What is a product in the context of food product development?
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Why do companies need to develop new products?
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What are some key areas to consider before food product development?
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What does a product life cycle refer to?
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What are some tangible and intangible attributes of a product?
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Study Notes
Product Definition in Food Development
- A product in food product development refers to any consumable item created for sale, encompassing ingredients, packaging, and branding.
Need for New Product Development
- Companies must innovate to meet changing consumer preferences, enhance market competitiveness, and mitigate risk by diversifying product portfolios.
Important Considerations Before Development
- Conducting market research to understand consumer needs and preferences.
- Evaluating regulatory requirements and nutritional standards.
- Assessing production capabilities and resource availability.
- Identifying potential competitors and market trends.
Product Life Cycle
- The product life cycle outlines the stages a product goes through from introduction to decline, including development, market introduction, growth, maturity, and eventual withdrawal from the market.
Tangible Attributes of a Product
- Tangible attributes include physical characteristics such as taste, texture, appearance, packaging design, and nutritional content.
Intangible Attributes of a Product
- Intangible attributes encompass brand reputation, consumer perception, and emotional connection to the product, influencing purchasing decisions.
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Description
Test your knowledge of food product development with this quiz. Learn about the essential factors to consider before creating a new food product, including understanding consumer needs and market trends.
