Podcast
Questions and Answers
What is a product in the context of food product development?
What is a product in the context of food product development?
Why do companies need to develop new products?
Why do companies need to develop new products?
What are some important considerations before food product development?
What are some important considerations before food product development?
What does a product life cycle refer to?
What does a product life cycle refer to?
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What do tangible attributes of a product include?
What do tangible attributes of a product include?
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What is a product in the context of food product development?
What is a product in the context of food product development?
Signup and view all the answers
Why do companies need to develop new products?
Why do companies need to develop new products?
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What are some key areas to consider before food product development?
What are some key areas to consider before food product development?
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What does a product life cycle refer to?
What does a product life cycle refer to?
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What are some tangible and intangible attributes of a product?
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.