EBK PRINCIPLES OF MARKETING
EBK PRINCIPLES OF MARKETING
17th Edition
ISBN: 9780134461434
Author: Armstrong
Publisher: YUZU
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Chapter 16, Problem 16.17VC
Summary Introduction

Case summary:

Company F is a distinctive product that manufactures a high-tasting edible film, which could reflect the flavor of anything, starting from a pizza to the alcoholic beverage. Though, Company F substituted flavors on the thin film just to sell the product assuming it as a new product for sampling, the firm is also assessing numerous technological applications.

Characters in given case:

Company F

To determine: Whether Company F can successfully pursue the opportunities of consumer product.

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First Flavor is a start-up company with a unique product. It manufactures great-tasting edible film that can replicate the flavor of just about anything, from an eight-topping pizza to an alcoholic beverage. If you’re wondering why a company would make such a product, think of the endless possibilities it allows for consumers to sample the taste of a food or beverage before purchasing it. Although First Flavor first replicated flavors on thin film in order to market the product as a new method for product sampling, the company is now evaluating many other applications of the technology. This video demonstrates how one product can be marketed in multiple ways. Can First Flavor successfully in pursue consumer product opportunities in addition to its promotional services? Explain.
As an entrepreneur, you are planning to have a business. Use these followingquestions as your guide. 1. What product you want to sell?2. Apply the concept of value proposition and unique selling proposition.Make a tagline for your chosen product?3. Who is your target market?
Personal selling is a form of selling that many companies rely on heavily to promote and movetheir products. In light of this statement, give a comprehensive analysis on how Elon Muskused his personal brand identity as a unique personal selling point, part of your answer mustfurther highlight the advantages and disadvantages of this approach
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