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LP4.1 Assignment: Music2Go New Product Launch Plan
A. Write your New Product Launch Plan
1. Targer Market: We will pursue Sports market
segment with our new MP3 Player, because this
segment require a high degree of technological
sophistication in their music players in order to cope
with the physical demands they place on their Mp3
Player when in use with sports/recreation activities. As
such, these players can command a premium price in
the market, and are thus popular with young adults who
have begun work but are not yet subject to the family
commitments of older age groupings. As the Sports
Market segment has low price sensitivity and a high
price range, this is the fastest moving segment and the
most sensitive to product specs. So we will concentrate
most on product specs as well as sale and marketing
promotion, and try to be a leader in this segment.
2. Sales: The Sale forecast in Units will be 1,899,999 HQ
Sport Mp3 Playets. Because this is a luxurious
segment, the price is much higher than one in the
Standard segment, so the sale volume is relative low, in
addition, this is a new launch segment, so that