1/16
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai | Chat |
|---|
No analytics yet
Send a link to your students to track their progress
Macro factors
PETE
PETE stands for:
Political, Economic, Technological and Ecological
What is the Macro Environment?
External factors that the company cannot control
Economic Factor (Macro)
State of the economy. Controls whether people will be willing to buy new products
What are 4 stages of the economy?
Recession, Boom, Contraction, Expansion
Political environment (Macro)
Shifts in the political space. Can be local, state or federal
Political factors that can affter food product development
War, government regimes, legislations, trade agreements
Ecological environment (Macro)
How food businesses use natural resources and how they impact the environment
Technological environment (Macro)
Modernisation and innovation of technologies
Micro Environment
Power Puff Fight Crime
Power Puff Fight Crime meaning (PPFC)
Personnel expertise, production facilities, financial position, company image
Reasons for food product development
Market concerns, consumer demands, societal changes, technological advancements, company profitability
Examples of societal changes
Ageing population, single person households (1/4), changing work hours, multicultralism
Steps in food product development
Design brief, idea generation, market research, product specifications, feasibility study, prototype, test
What is a design brief
Address the who, what, when, where, why of the food product. Scaffold to help generate ideas and a point of reference. Aim, Objective and Constraints
What is idea generation/screening
Ideas generated to identify possible solutions to the design brief using trends in the market, considering