Market Plan Group Project Assignment Example | Topics and Well Written Essays - 750 words

Market Plan Group Project - Assignment Example The process of how it cools, and how it warms the food should be well explained (Baaghil, 2010). There should be the product itself. The product description should have its functionality, its purpose and its activities. This is a combo product with two main functions. It is a freezer, as well as an oven. One important feature that makes this combination worth having by the consumer is its ability to warm food at a specific set time. Branding should also consider the perception of the product. This is the overall look and feel from the target audience’s view. Consumers will always consider culture’s trends and tastes when it comes to perceptions of new products. This autocookerator, has the advantage since similar products like it are already in the market. It belongs to the new trend of innovation in home automation; specifically, kitchen automation. This also forms part of the brand identity. It belongs to the automation category of home automation appliances (Baaghil, 2010). Brand position and culture: this product will be placed first after work. After work, most people would think of going back home cooking dinner. Even when in fun clubs or short breaks, people will always think of what to have for dinner. It therefore, seeks to be first after work. This information is very important for advertising; when advertising, the most appropriate time to influence consumers’ thoughts is after work. In the consumer market most manufacturers are building ‘smart’ home appliances. This is done based on market research results with the hope that these appliances will enable interaction with the owners, connection to smartphones, interaction with a repairman, interaction with each other, and even negotiation with the power company over rates. The manufacturers are focused on a more an efficient way of dealing with home appliances. This already development