The Boston Matrix The Boston Matrix is a tool used by marketing managers to make decisions on which products within their portfolio that they should market and under what category on the Boston Matrix they fall into. There are four sections to the Boston Matrix‚ problem child‚ stars‚ dogs and cash cows. Each category is different to one another as they represent different products on how they are selling. The Boston Matrix can be useful to a business like Cadburys as they have a wide range of
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The product life cycle concept is the explanation of the product from its birth to death as a product exists in different stages and in different competitive environments. William j.stanton Like humans every product have certain length of life during which it passes through various stages ‚ which can conceptually be represented as product ageing process. Similar to human life a product`s life can also divided into four parts. Introductory stage Growth stage Maturity stage Decline stage
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Introduction Phase The introduction phase is when the public first sees or hears about a product. The product appears in stores for the first time‚ and people start seeing print and television ads. During this phase‚ a company may choose one of two pricing strategies. They may set prices high to recoup initial expenses that went into producing the product. For example‚ a cellphone manufacturer with new technology may introduce cellphones 10 percent to 20 percent above the prices of most premium
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Unit Title: Marketing - Level 3 Credit Value: 6 credits Tutor: Alison Unwin Unit Code: 3-BA1-045 Email: aunwin@centralbeds.ac.uk This unit has 4 learning outcomes. LEARNING OUTCOMES ASSESSMENT CRITERIA PROPOSED ASSESSMENT EVIDENCE (TBC) Assessment Evidence Answer paper The Learner should be able to: 1. Establish the importance of the marketing environment The Learner can: 1.1 Analyses the difference between micro and macro environmental factors 1.2 Compare and contrast a minimum of
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Product Life Cycle The product life cycle of the self-service vending machine is dependent upon many variables compared to the human condition of aging. The vending machine will be born or introduced into new markets in order for the organization to expand its sales volume and ultimately its profit. The company will focus on differentiating its new product from others by promoting its two main attributes; convenience and saving the end-user money. The company will promote its products
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Product Lifecycle Management Stage 4: Decline The decline stage of the product life cycle is the one where the product ultimately ’dies’ due to the low or negative growth rate in sales (see Figure 1). Profitability will fall‚ eventually to the point where it is no longer profitable to produce‚ and production will stop. As a number of companies start to dominate the market‚ it becomes increasingly difficult for the company in question to maintain its level of sales. Consumer tastes also change
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SOFTWARE PROCESS AND PROCESS ITERATION Life cycle model To Describes the steps followed by the project team to produce a tangible software product that fully meets the requirements of the component or the part that the project set forth to build. Software Process A set of activities‚ together with ordering constraints among them‚ such that if the activities are performed properly and in accordance with the ordering constraints. The process that deals with the technical and management
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Introduction • William Hesketh Lever founded lever Brothers in 1885. • In the beginning as soap manufacturer but later diversified in to food and personal care products. • Unilever’s corporate centers are London and Rotterdam. Walls’ Introduction • Walls introduced in Pakistan in 1997-98. The product line consists from lollies to ice creams. This includes Cornetto‚ Callipo‚ Max‚ Kulfis‚ Top Ten Choc Bars‚ Feast‚ Milky Way and etc. • Unilever committed its own resources to acquire
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THE PRODUCT LIFE CYCLE A product’s life cycle (PLC) can be divided into several stages characterized by the revenue generated by the product. The life cycle concept may apply to a brand or to a category of product. Its duration may be as short as a few months for a fad item or a century or more for product categories such as the gasoline-powered automobile. Product development is the incubation stage of the product life cycle. There are no sales and the firm prepares to introduce the product. As
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What is more important in your life‚ Money or Your Job? Written by bamboo(Jeong‚ Jong-hyeon) in first class. Hello everybody! I’m here to talk about the question of you what is more important in your life‚ your money or your job. I’m afraid our society is changing rapidly toward money-oriented society. Of course‚ money is important. There are lots of things money can buy‚ including social status and convenience of life. Even when choosing
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