Flashcards in Product development Deck (9)
Types of product development?
novel, improvements on existing products, line extensions, clones
elements of product development team?
marketing, cost accounting, Q.A. (food control), production (operations), product development scientists
product development stages?
concept/idea, development, commercial (implementation)
last date of maximum quality, required when 90 days or less
best before/best if used by date
date that no longer can guarantee nutrition info advertised on pack/reduced potency
use by/expiration date
canned goods have BB ___ after production, white flour ____, homogenized milk ___, ground beef ___
3 years; 6-12 months; 3 weeks; 2 days
Sector 1 is ____, sector 2 is _____, sector 3 is ___, sector 4 is ____
market share; new products; market development; diversification
highest risk strategy?
diversification (new product, new market)