Chapter 8 Terms New-product development- the development of original products‚ product improvements‚ product modifications‚ and new brands through the firm’s own product development efforts. Idea generation- the systematic search for new-product ideas. Idea screening- screening new-product ideas in order to spot good ideas and drop poor ones as soon as possible. Product idea- is an idea for a possible product that the company can see itself offering to the market. Product concept- a detailed
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People and Services Marketing ’People ’ as part of the marketing mix People are the most important element of any service or experience. Services tend to be produced and consumed at the same moment‚ and aspects of the customer experience are altered to meet the ’individual needs ’ of the person consuming it. Most of us can think of a situation where the personal service offered by individuals has made or tainted a tour‚ vacation or restaurant meal. Remember‚ people buy from people that they like
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Irrigation Matters Series No. 02/09 State of Urban Irrigation Demand Management - A Review Bhakti Lata Devi July 2009 BETTER IRRIGATIO N BETTER ENVIRONMENT BETTER FUTURE State of Urban Irrigation Demand Management – A Review Bhakti Lata Devi City of Sydney‚ Town Hall House‚ 456 Kent St‚ Sydney‚ 2000 Email: bdevi@cityofsydney.nsw.gov.au CRC for Irrigation Futures CRC for Irrigation Futures Irrigation Matters Series No. 02/09 July 2009 CRC for Irrigation Futures i
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The management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P’s of marketing: (1) identification‚ selection and development of a product‚ (2) determination of its price‚ (3) selection of a distribution channel to reach the customer’s place‚ and (4) development and implementation of a promotional strategy. For example‚ new Apple products are developed to include improved applications and systems‚ are set
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The marketing demand of small rock crusher The small rock crusher is widely used in mining‚ smelting‚ building material‚ highway‚ railway‚ water conservancy and chemical industries. The rapid economic development is inseparable from the development of these industries. In the mining industry‚ with the coal industry consolidation‚ closure and merger of small coal mines‚ but the scale coal mines over the growing rise in coal production‚ have increased the demand for small rock crusher. In the next
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Telangana is a region in the state of Andhra Pradesh in India. It has borders with states of Maharashtra on the north and north-west‚ Karnataka on the west‚ Chattisgarh on the north-east‚ Orissa and Coastal Andhra region on the east and Rayalseema region of Andhra Pradesh on the south. This region has an area of 1‚14‚840 square kilometres and a population of 3‚52‚86‚757 which is 41.6% of Andhra Pradesh state population. The Telangana region has 10 districts: Adilabad‚ Hyderabad‚ Khamam‚ Karimnagar
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INTRODUCTION Nowadays‚ the demand of air travelling is increasing quickly leads to the appearance of many low cost carriers which focus on popular class. This had made huge changes in the original service and pricing strategy. Easyjet is one of the most successful low-fare airlines in the World‚ which has a noticeable measure of pricing it product. “Price” is one of the “four Ps” in marketing mix but its role is different from the other Ps: “promotion”‚ “product” and “place”. By studying about
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The whole idea of marketing revovles around 3 main thing the are the needs‚wants and demands. in normal life needs‚wants and demands are often used interchangeable but in marketing concept‚they are defined in diverse sense • Needs:the basic requirments that individual wishes to satisfy basic needs[food‚shelter‚drink‚safety‚affection] • Wants:wants are a step up ahead of needs and the depend on the needs of the humans‚ a want is a desire for specific product or service to satisfy underlying needs
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Chapter 8 The Marketing Plan (Hisrich) McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies‚ Inc. All rights reserved. Marketing Research for the New Venture Marketing research involves the gathering of data to determine such information as: Who will buy the product or service? What is the size of potential market? What price should be charged? What is the most appropriate distribution channel? And what is the most effective promotion strategy to inform and reach potential
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Name:¬¬¬¬____________________________________________ Date:_____________ 4M8 I. Multiple Choice. Encircle the letter of the correct answer. 1. The seller engages in the mass production‚ mass distribution and mass promotion of one product for all buyers. a. Mass Marketing b. Micromarketing c. Market Targeting 2. A type of Micromarketing that consists of a group of customers who share a similar set of needs and wants. a. Segment b. Niche c. Local 3. Containing the product and service elements that all segment
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