My Business Studies Coursework is to design my very own chocolate bar. This involves making a wrapper, choosing ingredients, creating a logo, market research, and much more.

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BUSINESS STUDIES – PRODUCING A CHOCOLATE BAR

Introduction

 

My Business Studies Coursework is to design my very own chocolate bar. This involves making a wrapper, choosing ingredients, creating a logo, market research, and much more.

        

Selecting the Product

 

Make Sure This Is Suitable

I have chosen to make a ‘Caramel Turkish Delight’. This is an original product, and is suitable as it is not too outrageous, and I already know there is an existing market out there for Turkish delight confectionary. This product will create more profit than most other bars (Selling 100 Turkish Delight Bars at 40p would create more profit than selling 100 Plain Chocolate Bars at 30p). This is due to the fact that Turkish Delight is viewed as a ‘luxury’ chocolate bar product, and other bars in the market are priced similarly, e.g. Fry’s Turkish Delight.

I think my product fills a gap in the market in a way, because there are few quality Turkish delight bars and this is an original ‘twist’, being Caramel because the general public always want to try new things.

 

Is it of a similar price to chocolate bars already on the market?

So, I have decided the price will be 40p, as Fry’s Turkish Delight costs 43p, and this bar is the best on the market in taste, design, and value (In my personal opinion – perhaps Market research will help prove this). Fry’s Bar is 51g, and mine is 45g, but Fry’s is 43p and mine is 40p, so Fry’s Turkish delight will be my main competitor.

 

Will it fit in a vending machine?

My product should definitely fit in a vending machine, but it is not intended to, as Turkish delight bars are not the most popular on the market and, as I’ve said before, it is a ‘luxury’ chocolate bar.

 

A Product Description

 

Show How A Product Life Cycle Works

As you can see, the product goes through Development first. This involves testing, and if the bar isn’t up to scratch, then development can take a longer, or that can even be the end of the chocolate bar. Then, the chocolate bar is launched, and gradually the consumer becomes aware of its existence. At maturity, the bar is selling well and the consumer is very fond of it, and saturation is where the product begins to stop selling as well, because the market has become too big, and people are buying the ‘latest’ and ‘greatest’ chocolate bars – this is where the chocolate company can ‘re-vamp’ the bar, like when Marathon changed its name to Snickers. Eventually, the product declines, sales drop, and it becomes obsolete. Naturally, the diagram graph is only a basic look at the product life cycle – the graphs will vary from bar to bar, with different shapes and sizes, but I think this graph illustrates the facts well.

 

Describe what a consumer good is

Chocolate is a consumer good. This means that it is a food, meaning that it is consumed by the general public, and it is a very popular snack eaten worldwide. Consumer Goods are goods provided and produced for use by consumers. An example of this is chocolate.

Any product that can be used or consumed only once is ‘consumable’. The term ‘consumables’ may be used in manufacturing for things like raw materials. In an office, consumables will include things like stationary.

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A consumer is the final user of a product, the last link in the chain of distribution. It is not only individuals though; businesses require consumable goods for their workers, such as pens, pencils, and paper.

 

What is meant by specification?

A specification is a written document which describes exactly what is required. Only supplies able to supply to the specification will be considered. That’s the text book definition.

In my opinion, a specification just describes a product or anything really. It is simply an accurate description of the products many attributes, e.g. Colour, Shape, Size etc.

 

Ideas ...

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