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Learning Goal: I’m working on a management project and need an explanation and answer to help me learn.For this project, the team(s) will introduce a new product or service or improve upon existing produce or an existing service. The project will be carried out and completed in multiple stages that represent the functional business areas of an organization. For the project, the teams will: A. Introduction of New Product or New Service (Marketing Management)a. Describe your team’s product or serviceb. Demographic Datai. Gender ii. Ageiii. Geographic region (domestic/international)iv. Socio-Economic Status(In this section, you have been assigned to a strategic management team and your team and you have been tasked with the introduction of a new product line or the introduction of a new service. In this section, you will describe your product or service. You will elaborate on who, what, and why concerning your product or service. You will give a justification as to what problem or challenge your product or service will address and you will discuss whether the demographic data exists for your product or service. This will showcase your ability to research and demonstrate your ability to justify taking a position for an organization. The appropriate professional formatting is expected with each of your sections as you submit them). I have chosen to create glass milk bottles for the milk companies. This glass milk bottle will have a color sensor (green, yellow, and red) to indicate the freshness of the milk. Bring your ideas..your thoughts are needed with some factual information to support them. Keep in mind that this is a project with different sections.. meaning I will need your help in the future as wellwith this subject.
Requirements: 2 pages
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