Developing Products and Managing Product Portfolios Chapter 12 What We Already Know About Products • How to define a product • How to classify a product – Consumer v business products – Different types of consumer products • The product life cycle • There are different levels of product: – Core benefits – Branding‚ design‚ quality – Support aspects: guarantees‚ after-sales service What Is Managing Products About? • Ensuring we have the right product mix to maximise
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Plan 1.1 Objective/s. P 02 1.2 Product. P 02 1.3 Target Market. a) Target Market Choice b) Demographics c) Cultural Considerations P 03 1.4 Promotional Technique/s a) Effectiveness b) Financial Performance c) Objectives P 05 1.5 Action Plan P 07 1.6 Policies and Procedures a) Legislative b) Ethical c) Security P 08 1.7 Roles and Resposibilities P 10 1.8 Special Skills / Technology P 11 Promote products and services to international markets: Task 1 – P
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“Difference between Product and Service Market” Product: In marketing mix‚ product is very important elements. Product means the need satisfying offering of a firm. Service: A service is an intangible product that provides benefits to consumers and often involves human or mechanical effort. Service is also a deed performed by one party for another. Differences between Product and Service marketing: I think‚ there is nothing like a "pure product" or a "pure service" in actual life. Most
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BBRANDING BANKING PRODUCTS AND SERVICES Table of Contents Executive Summary................................................................................................................................. 3 Business Case for Brand .......................................................................................................................... 4 Elements of branding ......................................................................................................................
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Hottest Fashion What’s hot now? One of the most popular current trends is the “American Swag” this fashion may consist of pastel colours‚ floral‚ prints‚ collars and much more. Also ‘duffer’ clothing is very popular within the UK at the moment it has taken the UK by storm. Duffer clothing is stylish and comfortable and is a must-have piece of clothing in your wardrobe this year. Hottest Upcoming Angel‚ often mistaken for a rapper because of his street-like image is what “Hot” lately. Angel’s
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NIGHTINGALE INTERNATIONAL COLLEGE MALAYSIA DIPLOMA IN BUSINESS MANAGEMENT BUSINESS COMMUNICATION ASSIGNMENT (INDIVIDUAL) SEMESTER 4 NAME: LEE SEH NI MATRIX NO: 05-0413-00002 LECTURER: MR SURESH MODULE: BUSINESS COMMUNICATION BATCH: 4 INTRODUCTION I’m student from Nightingale International college‚ My name is Lee Seh Ni. I’m DBM batch 4. I will like to thank Mr.Suresh because teach me about assignment and i also want to thank to my friend Nurul Amalina because she very friendly and
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1. Name three types of meetings and their purposes‚ and identify three ways that a meeting can be conducted. Meeting Purpose Conducted General Meetings Discussing project progress‚ future direction of a company‚ sharing information among clients‚ staffs‚ vendors and heads of company. Meetings can be conducted face-to-face‚ by teleconference‚ by video conference or online. Staff team Client Vendor Annual General Board Conferences Discussing
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1. YOU HAVE BEEN GIVEN THE ASSIGNMENT OF JUSTIFYING CAUSE-RELATED MARKETING TO YOUR BOARD OF DIRECTORS. WHAT WOULD BE YOUR PRIMARY ARGUMENT IN FAVOR OF SUCH A PROPOSAL? Cause Related Marketing is defined as “a commercial activity by which business and charities or causes form a partnership with each other to market an image‚ product or service for mutual benefit.” The main reason for getting involved in Cause Related Marketing is not philanthropy. On the contrary‚ business gets benefited by linking
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Description of the service marketing mix elements (7Ps) The traditional marketing mix was formulated by maintaining the goals of marketing. This marketing mix may also be adapted for services marketing. The service marketing mix is also known as an extended marketing mix and is an integral part of a service blueprint design. The service marketing mix consists of 7 P’s as compared to the 4 P’s of a product marketing mix. Simply said‚ the service marketing mix assumes the service as a product itself. However
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Chapter 1: Intro Goods Service Implications Tangible Intangible • Inventories • Patents • Displayed or communication • Pricing challenges Standardized Heterogeneous • Dependence on employee and customer actions‚ • Uncontrollable factors • Quality matched to promise/promoted Production separate from consumption Simultaneous production and consumption • Customers participate in and affect the transaction • Customers affect each other • Employees affect the service outcome. • Decentralization
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