Ms Tique Essay

1180 Words5 Pages
Problem Statement Ms. Tique Corporation’s new Product Manager is confronted with dual decisions: 1. whether to change the package design of it shaving gel product, specifically the size of the product and the form: continue the existing tube or add an aerosol can option; and 2. whether to endorse further financial resources for a market study. Background Ms. Tique is a manufacturer of women’s personal care products including its premium priced shaving gel which is positioned as a high quality women’s shaving gel. The company accomplished this by differentiating it’s product form men’s and other women’s shaving products through its placement in the women’s personal care section of selected stores which also limited price comparisons with other shaving products, especially less expensive men’s products. An important fact to make clear is that the company has sold its shaving gel in 5.5 oz tubes since its introduction due to: 1-its policy of using existing production capacity for all it products which are sold in tubes, bottles and jars and 2- they did not have technology to produce the their product in aerosol cans. However the market has changed. Trends With new product activity, increase advertising and promotion, improvements in quality, and improved technology competition has increased from two brands to seven major brands for women to choose from with sales growth ranging 3-5% per year with the greater part of sales attributed to razors. Research indicates that shaving is still the most popular method used by women. A vast majority (80%) of women shave at least one time per week, averaging about 11 times per month, with increased frequency during the summer season. Eighty percent of women use a moisturizer after shaving, prompting Ms. Tique to change its product to include three additional moisturizers, including vitamin E. In addition to

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