PRODUCT CHARACTERISTICS & CLASSIFICATIONS Product level: The customer value hierarchy Is product a tangible offering? No‚ it’s more than that. “Product” is anything which can satisfy market. People classify products according to customer value. It’s illustrated by this circle system. At the centre is core benefit which the customer really buy. Take Shilla‚ a hotel of SamSung group‚ for example‚ when you get there‚ what are you pay for? Is it a room‚ or a bed‚ or a shower? Not at all. Basically
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Questions: Dakota Office Products 1. Why was Dakota’s existing pricing system inadequate for its current operating environment? Dakota’s existing pricing system was inadequate for its current operating environment because the pricing was based on traditional allocation of overheads. The result of which were that the actual costs incurred for fulfilling the orders of customers were not ascertained. There were two effects of this method. First‚ the overall prices of all the products increased. Second
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Case A: You need to make a custom try for an appointment in progress and have just taken the alginate impressions. How would you accelerate the setting time of the gypsum product you selected? To accelerate the setting time of the gypsum product I selected‚ first I will try to use a “fast set” gypsum if it is available at the office‚ since it has accelerators placed into the gypsum and lower the setting time. If this is not an option at the office because there is only “regular set”‚ I would use
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Brand Positioning Submitted by: Rishi Dewan PGDM-Marketing (DCP) IMT Ghaziabad Contents Introduction 2 Process of Positioning 3 Strategies of Positioning 5 Positioning by Product attributes 5 Positioning by Quality 5 Positioning by Price 6 Positioning by User Category 7 Positioning by Use 8 Positioning by Competitor 9 Positioning by Celebration 10 Positioning Errors: 11 1. Under-positioning 11 2. Over Positioning 11 3. Confused positioning 12 4
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of advertising and promotion. When people think of examples of a product type or category‚ they usually think of a limited number of brand names. Examples- a) The term googling describing the act of online searching. b) Very few people realize that "Band-Aid" is a specific brand of first-aid adhesive bandage‚ and they refer to all such items by that name even if it is a different brand. c) Xerox is often used in case of copying. 3. Perceptual mapping- Perceptual mapping is a graphics
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I. 5 Reasons why new products fail 1. A Lack of Resources - Resources have a funny way of disappearing when you most need them. If we are talking about human resources then you will find that your team members end up stretched and pulled all over the place once the work starts to pick up in earnest. In terms of other resources such as office equipment‚ it can be important to plan well ahead and order anything you are going to need a long time before you actually need it. 2. Project Plan Ignored
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not dumping should be permitted is a moral question. b. “Are dangerous products of any use in the third world?” is a nonmoral (scientific) question. c. “Is it proper for the U.S. government to sponsor the export of dangerous products oversea?” is a moral question. d. Whether or not the notification system works as its supporters claim works it nonmoral (factual) question. e. “Is it legal to dump this product overseas?” is a nonmoral (legal) question. 2. Explain what dumping is
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producing‚ manufacturing and distributing their products since January 1980. Australian Favourite Cereal Pty Ltd introduced to Australia by Mrs. Arzu Eroglu‚ who migrated to the country with her family in 1973 from Turkey. She has started buying a special harvesting farm machine which arrived in Australia the same year in order to set up. Australian Favourite breakfast cereal became very popular‚ when demands increased with the breakfast cereal products and successfully captured the Australian market
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Inflation and Price Moderation: Imports can also be highly beneficial to a country because they constitute reserve capacity for local economy. Without imports‚ there is no incentive for domestic firms to moderate their prices. The lack of imported product alternatives forces consumers to pay more‚ resulting in inflation and excessive profits for local firms. 2. Employment: Trade restrictions in US in 1930s contributed significantly to the great depression and caused widespread unemployment. Unrestricted
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Propecia marketing effort for the drug maker Merck & Co. The case was discussed by audience members at the 5th Annual Alumni Healthcare Conference on November 6‚ 2004; HBS assistant professor Marta Wosinska led the conversation. The Propecia launch came at a time of regulatory change‚ which made advertising of prescription drugs to consumers more feasible. But Casola had to consider three limitations on such advertising: 1. A "product claim" ad could mention both the brand name of the drug and the
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