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Muscle-RDX: Pricing, Packaging, and Demand Forecasting for a New Product
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The senior director of marketing for Strength Pharma, an Indian sports nutrition company, was managing the November 2016 launch of the company's whey protein supplement, Muscle-RDX. This product would be the first protein supplement approved by the Food Safety and Standard Authority of India for athletes who participated in high-endurance sports. Muscle-RDX would provide a domestic option for Indian athletes who competed in these sports and who wanted to purchase affordable supplements that delivered effective results. However, before the product launch, the senior director of marketing needed to develop demand forecasts, which would determine the most appropriate pricing strategy and package size for the new product.