AAPKI EDUCATION - NMIMS ASSIGNMENTS
Marketing Management
June 2021 Examination
Q1. As a newly appointed Product Manager by Balaji wafers, you are asked to develop New Product Planning for new flavor of potato wafer. How would you develop new product planning process? (10 Marks)
Answer 1.
Introduction
In this particular story, the main discussion is about a new product launching of a well-known company of food products or edibles. The name of that particular company is Balaji wafers private limited. The Balaji wafers private limited is a big and well-known manufacturer or producer of food and edible products, and that is very much liked, praised., and appreciated by the consumers as well. The well-known company, Balaji Wafers is a partnership company of 3 brothers respectively. Its Half solved only
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Q2. Health and Nutrition Start-Up, Habbit makes consumer debut with a range of innovative & delicious Products. Habbit Wise Creams are the lowest calorie ice creams in the world. Every serving has less than 50 calories, which is less than half an apple. Available in 6 gourmet flavours such as Blueberry Crumble, Salted Caramel, Lychee Blush, etc. Wise Creams contain zero added sugar and are keto + diabetic friendly. Prepare an appropriate Segmentation Strategy for the new launch. Considering that they have entered in consumer market for the first time, how should the brand be positioned in the market? (10 Marks)
Answer 2.
Introduction
In this particular study, the name of the new startup company is Habbit: Health and Nutrition, which is a producer or manufacturer of healthy as well as nutritious food items, that have zero side effects on the health of its respective consumers as well as customers. Even the main focus of the company is to serve each and every class or section of the society along with a good and healthy as well as nutritious food at a very low cost, in order to be affordable by all.
3. Read the following Case & solve the questions given:
Mr. Ramesh of Unique Industries is contemplating to enter the men’s top end shirts category. The company already has a brand “CLINGERS” in the middle segment (₹350-700). The brand is very popular amongst the target audience. Having got the volumes, Mr. Ramesh now wants to play the value game and enter the top end (₹700+) category. He knows there are some formidable brands like Farow etc. that will make life extremely difficult for Unique Industries. But there are certain advantages which Unique Industries enjoys. It has one of the best retail networks in the country. They have their own factory, which ensures regular quality supply. They are the pioneers of branded shirts in India.
Mr. Ramesh has decided to keep the brand name as “Clingers Gold”. He has decided to allocate ₹10 crores for sales promotion and advertising budget.
Unique Industries is simultaneously entering the readymade trousers market and shoes market. Mr. Ramesh has decided to keep the same brand name “CLINGERS” to leverage the success of the brand name to the two new categories.
a. Do you think the brand name “Clingers Gold” is right for the top end segment? Justify your answer. (5 Marks)
b. Which factors you think needs to be studied before making such entry in the market?
(5 Marks)
Answer 3a.
Answer 3b.
Introduction
Yes, I do think that the brand name “Clingers Gold” is right for the top end segment because the company or the business organization, the Unique industries has an existing brand of shorts as well as tops, named as the Clingers, which is one of the most favorite brands of shirts in the overall country.
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