Product Development Report: Analysis of a Recycled Plastic T-Shirt
VerifiedAdded on 2023/06/09
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AI Summary
This report outlines the product and service development process for a recycled plastic T-shirt, emphasizing its potential to reduce environmental impact and generate profit from waste. The report covers key stages, including idea generation, where the concept of using recycled plastic to create T-shirts was conceived to address plastic pollution. Idea screening involved brainstorming to consider stakeholder perspectives, customer problem-solving by offering an eco-friendly alternative, and assessing market saturation. Creative methods like social listening and the 'WHY' technique were employed to validate the product's relevance and benefits. Concept testing methods, such as monadic and survey testing, were used to gather consumer feedback on the product's features and benefits. Business analysis focused on the product, price, promotion, and placement mixes, highlighting the importance of a strong supply chain and effective marketing strategies. The report also includes a reflection on the group work involved in the project, noting the challenges faced and the collaborative efforts made to achieve the product development goals. Desklib provides a platform for students to access similar solved assignments and past papers for academic support.
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