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New Product for Nestle

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Submitted By adatong
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1.0 Introduction:
Nestle is founded by Mr. Henri Nestle in 1866, thereafter he diversified his business and latter was branded the world’s largest food and beverage company. Nestle adopted the international strategy and led them to provide nourishing food for Asians’ health and wellness. In order to attain a higher market positioning, Nestle designed a customer-driven marketing strategy that build the right relationships with the right customers and in turns segmented them based on their needs and preferences. Hence, their variables are demographic and psychographic. Since then, in responding to fast economic growth, Nestle invested and set up their first Asia Research and Development (R & D) office in Singapore to support in developing more products.
1.1 Unique Selling Proposition
Nestle Coco-yoghurt is a nutrient setter in market. They are the first to introduce the coco-yoghurt in the market. The USP of coco-yoghurt is unique, nourishing, instant and affordable and Nestle will positioned it as a high quality nourishing beverages of consumer’s convenient focus.
Positioning statement like
“To all baby boomers, Generation X & Y who are always on the go, Nestle Coco-Yoghurt drink is an attributes to a healthy lifestyle of premium ingredients in relation to Convenient, Nourishing and affordable to start your day in seconds. “

Therefore, the positioning will be achieved by leveraging Nestle coco-yoghurt a competitive edge: market experience from its competitors.

1.2 Differentiating i) Product differentiation
Firstly, the product is Nestle Coco- Yogurt drink. The brand name defines the unqiue and adventurous taste of the product that comprises mild sweetness of freshly grinded Coco and sourness of dehydrated Yoghurt. The distinctive ingredients selected were attributes to aid health benefits. According to medical research, yogurt and coco

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