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NOMASWAZI HIGH SCHOOL
BUSINESS STUDIES
GRADE11
MARKETING FUNCTIONS
PRODUCT POLICY
IMPORTANCE OF PRODUCT POLICY
• MAIN COMPONENT OF MARKETING MIX
• NO PRODUCT NO BUSINESS
• INCLUDE PACKAGING AND TRADEMARK OF A PRODUCT
PRODUCT DEVELOPMENT
• NEW PRODUCT HAVE TO BE TESTED
• KNOWN AS TEST MARKETING
• R&D DEVELOP ONE OR MORE VERSION OF THE PRODUCT CONCEPT
PRODUCT DESIGN
• MUST BE CREATIVE, INNOVATIVE AND
INCLUDE TECHNOLOGY
• E.G AN ERROR THAT IS LATELY
FOUND IN A CAR MANUFACTURING IS
IRREVERSIBLE
• COULD RESULT IN HUGE FINANCIAL
LOSSES
• DESIGN OF NEW PRODUCT AIMED AT
• HIGH QUALITY
• ERROR FREE DESIGN
• DESIGN THAT DO NOT USE EXCESSIVE
RESOURCES
• WHICH WOULD RESULT IN VERY
EXPENSIVE PRODUCT
FIVE STEPS IN PRODUCT DESIGN
• DESIGN AND DEVELOPMENT OF PRODUCT IDEAS
• SELECTING AND SIFTING OF PRODUCT IDEAS TO FIND BEST SOLUTION
• DESIGN AND TESTING OF PRODUCT CONCEPT
• ANALYSING THE PROFITABILITY OF THE PRODUCT CONCEPT
• CONSUMER RESPONSE MUST BE TESTED, USING SMALL SAMPLE OF A PRODUCT
PRODUCT DESIGN AND DEVELOPMENT VIDEO CLIPS
PACKAGING THE PRODUCT
• PACKAGING CAN INFLUENCE THE CUSTOMER WHETHER TO BUY OR NOT TO BUY
• IT GIVES AN IDEA WHERE THE PRODUCT COMES FROM
• TRADE NAME AND THE MASS OF THE PRODUCT
• IT PROTECT THE PRODUCT
• IT MUST BE CONVENIENT AND EASY TO HANDLE
• PRODUCT IS PROTECTED FROM THEFT AND HAMPERING
PACKAGING TYPES
Speciality
packaging
Re- usable
packaging
Kaleidoscopic
packaging
Multiple
packaging
PACKAGING TYPES
PACKAGING AND PRODUCT DEVELOPMENT
SOURCES TO COLLECT SAMPLE DATA
WHAT DID YOU UNDERSTAND ABOUT PRODUCT
POLICY????????
HOMEWORK ACTIVITY
IDENTIFY AND INVESTIGATE PRODUCT OF YOUR
CHOICE
• FIND ANY PRODUCT IN A NEWSPAPER, MAGAZINE OR INTERNET
• PASTE INTO YOUR NOTEBOOK
• ANSWER THE FOLLOWING QUESTIONS IN YOUR NOTEBOOK
- NAME THE PRODUCT AND THE MANUFACTURE THAT THESE TRADEMARK
REPRESENT 3 MARKS
- EXPLAIN THE TYPE OF PACKAGING. 2 MARKS
- IDENTIFY 5 STEPS THAT ARE FOLLOWED IN PRODUCT DESIGN. 5 MARKS
- RESEARCH AND FIND ANOTHER THREE S.A PRODUCT WHO ACCOMPLISH THE
SAME DESIGN SUCCESS. DISCUSS. 10 MARKS
THE END

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Bongiwe mthimkhulu slide share (2)

  • 3. PRODUCT POLICY IMPORTANCE OF PRODUCT POLICY • MAIN COMPONENT OF MARKETING MIX • NO PRODUCT NO BUSINESS • INCLUDE PACKAGING AND TRADEMARK OF A PRODUCT
  • 4. PRODUCT DEVELOPMENT • NEW PRODUCT HAVE TO BE TESTED • KNOWN AS TEST MARKETING • R&D DEVELOP ONE OR MORE VERSION OF THE PRODUCT CONCEPT
  • 5. PRODUCT DESIGN • MUST BE CREATIVE, INNOVATIVE AND INCLUDE TECHNOLOGY • E.G AN ERROR THAT IS LATELY FOUND IN A CAR MANUFACTURING IS IRREVERSIBLE • COULD RESULT IN HUGE FINANCIAL LOSSES • DESIGN OF NEW PRODUCT AIMED AT • HIGH QUALITY • ERROR FREE DESIGN • DESIGN THAT DO NOT USE EXCESSIVE RESOURCES • WHICH WOULD RESULT IN VERY EXPENSIVE PRODUCT
  • 6. FIVE STEPS IN PRODUCT DESIGN • DESIGN AND DEVELOPMENT OF PRODUCT IDEAS • SELECTING AND SIFTING OF PRODUCT IDEAS TO FIND BEST SOLUTION • DESIGN AND TESTING OF PRODUCT CONCEPT • ANALYSING THE PROFITABILITY OF THE PRODUCT CONCEPT • CONSUMER RESPONSE MUST BE TESTED, USING SMALL SAMPLE OF A PRODUCT
  • 7. PRODUCT DESIGN AND DEVELOPMENT VIDEO CLIPS
  • 8. PACKAGING THE PRODUCT • PACKAGING CAN INFLUENCE THE CUSTOMER WHETHER TO BUY OR NOT TO BUY • IT GIVES AN IDEA WHERE THE PRODUCT COMES FROM • TRADE NAME AND THE MASS OF THE PRODUCT • IT PROTECT THE PRODUCT • IT MUST BE CONVENIENT AND EASY TO HANDLE • PRODUCT IS PROTECTED FROM THEFT AND HAMPERING
  • 11. PACKAGING AND PRODUCT DEVELOPMENT
  • 12. SOURCES TO COLLECT SAMPLE DATA
  • 13. WHAT DID YOU UNDERSTAND ABOUT PRODUCT POLICY????????
  • 14. HOMEWORK ACTIVITY IDENTIFY AND INVESTIGATE PRODUCT OF YOUR CHOICE • FIND ANY PRODUCT IN A NEWSPAPER, MAGAZINE OR INTERNET • PASTE INTO YOUR NOTEBOOK • ANSWER THE FOLLOWING QUESTIONS IN YOUR NOTEBOOK - NAME THE PRODUCT AND THE MANUFACTURE THAT THESE TRADEMARK REPRESENT 3 MARKS - EXPLAIN THE TYPE OF PACKAGING. 2 MARKS - IDENTIFY 5 STEPS THAT ARE FOLLOWED IN PRODUCT DESIGN. 5 MARKS - RESEARCH AND FIND ANOTHER THREE S.A PRODUCT WHO ACCOMPLISH THE SAME DESIGN SUCCESS. DISCUSS. 10 MARKS