Professional Documents
Culture Documents
Quarter 2 – Module 1:
The Product
Republic Act 8293, section 176 states that: No copyright shall subsist in any work of
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wherein the work is created shall be necessary for exploitation of such work for profit. Such
agency or office may, among other things, impose as a condition the payment of royalties.
Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright holders.
Every effort has been exerted to locate and seek permission to use these materials from their
respective copyright owners. The publisher and authors do not represent nor claim ownership
over them.
Team Leaders:
School Head : Carlito A. Pontillas LRMDS
Coordinator : Annie Rhose C. Rosales
This module was collaboratively designed, developed and reviewed by educators both
from public and private institutions to assist you, the teacher or facilitator in helping
the learners meet the standards set by the K to 12 Curriculum while overcoming
their personal, social, and economic constraints in schooling.
This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills while taking into consideration their
needs and circumstances.
In addition to the material in the main text, you will also see this box in the body of
the module:
As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to manage
their own learning. Furthermore, you are expected to encourage and assist the
learners as they do the tasks included in the module.
This module was designed to provide you with fun and meaningful opportunities for
guided and independent learning at your own pace and time. You will be enabled to
process the contents of the learning resource while being an active learner.
What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in the module.
What I Know This part includes an activity that aims to check what
you already know about the lesson to take. If you get all the answers
correct (100%), you may decide to skip this module.
What’s In This is a brief drill or review to help you link the current
lesson with the previous one.
What’s New In this portion, the new lesson will be introduced to you in
various ways such as a
story, a song, a poem, a problem opener, an
activity or a situation.
What I Can Do This section provides an activity which will help you
transfer your new knowledge or skill
into real life situations or concerns.
We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!
This module covers the first of the four P’s of marketing (marketing mix), Product,
and includes issues such us product development, classification of products,
branding, packaging and product life cycles. It will help learners to have a clear
understanding on how to assess the current market for new product opportunities.
Consumer products are classified into different types in order to better understand
consumer’s behavior, to assist in the design and to support the crafting of marketing
mix. Your task is to appropriately classify the following list of products into
convenience goods, shopping goods, specialty goods, and unsought goods.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11 12 13 14
Lesson
1 The Product
Organizations assess the current market for new product opportunities and,
when potentially profitable, develop new product prototypes to test feasibility of
production.
Product
Classification
Business Products
used to manufacture
other products.
Consumer Products
✓ Products purchased for
personal used
Consumer Goods
Consumer products referred to all those products that were meant for
personal use or direct consumption by the consumer. Based on the shopping habits
of the target consumer, Consumer goods are further classified as follows:
a. Convenience goods
Products that are often purchased by the consumer and do not need much
forethought or effort on the part of consumers are called as Convenience Goods. Such
goods are consumed often and thus are purchased immediately with minimum effort.
Examples of convenience goods are Newspapers and most of the FMCG (fast moving
consumer goods) products such as food staples, toiletries and others
b. Shopping Goods
These are goods for which consumers need to make the considerable effort
before making the purchase. The products have unique features and brand
characteristics and thus consumers do not compare between different brands.
Rather, they might compare between different models of the same product in the
same brand. An example here would be a purchase of a car.
d. Unsought goods
These are products that the consumer is unaware of and thus has no intention
of buying. Products such as Mutual funds or Life Insurance come under this kind
the and need to be advertised to entice consumers.
Business Goods
These are products that are used to manufacture other products. They can be
used as raw materials, spare parts, capital supplies or consumables. Business goods
are further classified as follows:
As the name suggests, these goods are used as raw materials for the
production of goods or enter the business as manufactured materials or as
component parts. Examples of raw materials would be cotton that is used to
manufacture fabric. Manufactured materials are component materials such as iron
or zinc that are used to manufacture other products. Component parts, such as
integrated circuits, are products that enter the final product without being changed.
b. Capital Items
These are long-lasting goods that assist developing or managing the finished
product.
These are products that facilitate developing or managing the finished product
supplies. This category is further divided into Operating supplies such as writing
papers and maintenance and repair products such as painting.
What’s In
Understanding the logic behind the product development. Express your thought by
writing AGREE or DISAGREE on the following expressions.
_______________2. The most important thing to keep in mind is that the product itself
must successfully fill an unwanted need in the market.
_______________4. A product may serve different purposes, take different forms and
serve different types of buyers.
_______________7. Consumer goods are used as raw materials for the production of
goods.
(Dizon C. 2020)
What’s New
Read
What is It
The objective is to attract and retain loyal customers and other stakeholders by
delivering a product that is always aligned with what the brand promises.
Brand definition: purpose,
values, promise
Advertising and
communications: TV, radio,
magazines, outdoor ads,
website, mobile apps…
Sponsoring and
partnerships
In-store experience
Customer service
Pricing strategy
Packaging
Definition: The Packaging is more than just your product's
wrapping material pretty face. Your package design may affect
around a consumer
everything from breakage rates in
item that serves to
contain, identify, shipment to whether stores will be willing
describe, protect, to stock it.
display, promote and
otherwise make the
product marketable
and keep it clean
The Product Life Cycle is a model that predicts the general trend that most
successful products or services will follow during their lifetime. This life cycle can be
reviewed across an entire category, or in the context of an individual companies
product. It is a strategy tool that helps companies plan for new product development
and refine existing products
There are 4
stages to the
life cycle
process shown
in the
table below.
While decline
can be avoided
by
reinventing
elements of the
product, it also
recognizes that
some products
never move beyond the introduction phase whilst others move through the life cycle
much faster than others.
Stage 3: Maturity
Stage 4: Decline
What’s More
Guessing a Brand Game. The following advertising tagline conveys
the brand’s spirit in the shortest way possible. In just a few words,
you’re expected to grasp the vibe of your brand. Guess what is the specific product
based on the given tagline.
1. Think different
2. Just do it
3. It’s finger lickin’ good
4. Open happiness
5. Have a break
6. Melt in your mouth not in your hands
7. Bida ang Saya
8. We find ways
9. Make it possible
10. It’s you that counts.
The process of identifying consumer needs within a market, and innovating towards
developing a product to fulfill those needs, is referred to as new 1.
____________________ development. When developing new products, the most
important thing to keep in mind is that the product itself must successfully fill an 2.
____________________ in the market, transforming a market opportunity into a
tangible and marketable product.
3. ____________________ products referred to all those products that were meant for
personal use or direct consumption by the consumer. On the other hand, 4.
____________________ are products that are used to manufacture other products. They
can be used as raw materials, spare parts, capital supplies or consumables.
The 7. ____________________is a model that predicts the general trend that most
successful products or services will follow during their lifetime. This lifecycle can be
reviewed across an entire category, or in the context of an individual companies
product. It is a 8. ____________________ tool that helps companies plan for new
product development and refine existing product. While 9. ____________________ can
be avoided by reinventing elements of the product, it also recognizes that some
products never move beyond the 10. ____________________ phase while others move
through the life cycle much faster than others.
What I Can Do
Having learned the stages of a product life cycle, indicate the stages
concern in the blank provided.
The price
may rise and
The price is distribution
often higher has become
as selective as
distribution some
is limited distributors
Here, the product have
competes with dropped the
alternatives and product.
The price
pricing drops.
declines.
Distribution becomes
Distribution
intense (it’s available
increases
everywhere)
and
promotion
1.______________________ focuses on
product
benefits
2.
_______________________
3._________________________
4._______________________
Assessment
Directions: Think and Match. Look for the best match of information
from the given terms inside the word pool.
1. Products such as Mutual
2. Such goods are
funds or Life Insurance
consumed often and thus
come under this kind the
and need to be advertised are purchased
to entice consumers. immediately with
minimum effort.
Additional Activities
Direction: Find the meaningful word related to product by rearranging
the given letters.
1. R E M N O C U S ______________________________
2. S S S E I E U B ______________________________
3. P T R C U D O ______________________________
4. A N D B R _____________________________
5. K C A P N G A I G _____________________________
References
2020. https://www.marketing91.com/product-class/ Morgan M. Product life Cycle.
Accessed July 13, 2020.
2020. https://pixabay.com/illustrations/insurance-life-insurance-heart-.
2020. https://morganmelnyk.wordpress.com/2016/02/25/what-is-the-productlife-
cycle-model/ Smithson E. 2015. What is Branding and Why is it Important for
your business. Accessed July 12, 2020.
https://www.brandingmag.com/2015/10/14/what-is-branding-and-why-is-
itimportant-for-your-.
Bhasin H., 2018. Conceot of Product Class. Accessed July 12, 2020.
Google.Com, 2020.
https://www.google.com/search?q=new%20product%20development%20clipar
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"Packaging Definition - Entrepreneur Small Business Encyclopedia".
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