What is the brand name for the product? What role does the new product play in the brand portfolio?
• Who is the target market?
• What will be the new product’s objectives (create greater customer loyalty, increase trials, expand usage among current users, support trade relations)?
• What will be the new product position? How will it complement the objectives?
• What will be the new product competitive pricing strategy? How will it complement the objectives?
• How will this be reflected in the packaging? How will it complement the objectives?
• How will this be reflected in the promotion? How will it complement the objectives?
• How will this be reflected in the placement? How will it complement the objectives?