Question
Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home
Task: You have been hired by an International Consumer Packaged Goods company to research what they believe to be an attractive market in your home country for the launch of a new personal skin care product for women.
The products general formulation contains moisturizing, and SPF properties, it could also be adapted to contain skin lightening or darkening properties.
Specifically, their prospective target for the product is Ontario Canada
Your task is to develop an analysis on the following parameters:
Attractiveness of the market including an overview and discussion of - the best segments/targets, related literacy and education levels, media sources and general economic conditions.
However, your focus should be on culture including, relevant insights into history, geography and climate and specifically you should examine:
- Material Culture - Technology - the techniques and "know-how" of producing material goods; Economics - the employment of capabilities and the results.
- Social Institutions - Social organizations - family life, status, age. Education - literacy and intelligence and how informed the public is. Political structures - control over business.
- Man and the Universe - Belief systems - what are they and how do they affect product and promotional acceptance?
- Aesthetics - Graphic and plastic arts - degree of modernization. Folklore - superstition, tradition, etc. Music, drama, and the dance - promotional possibilities.
The report must have a supported conclusion to enter the market or not including, a description of the target market and any product adaptations that the company would have to make
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started