Colgate is launching a new premium toothbrush called the Precision Toothbrush to enter the highly competitive toothbrush market. The document discusses Colgate's market position and recommendations for positioning, branding, and promoting the new product. It recommends positioning the Precision as a niche, premium product initially to build loyalty, then positioning it as the most effective brush to attract more customers. The branding should emphasize quality as "Precision by Colgate" to prevent cannibalizing other Colgate products. Communication should include extensive initial advertising and promoting the product's benefits to dentists before launching.