DISTRIBUTION MANAGEMENT CH1: MARKETING CHANNEL CONCEPTS Growing Importance of Marketing Channels: 1. Explosion of IT and E-commerce 2. Harder to gain sustainable competitive advantage through other P’s 3. Growing power of distributors (esp. retailers who act as gatekeepers of consumer markets – agents of consumers not producers) 4. Need to reduce distribution costs MC Definition: The external contactual organisation that management operates to achieve its distribution
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DISTRIBUTION IN BANKING BUSINESS Distribution in financial services marketing is concerned with how the service is delivered to the customer‚ making sure that it is available in a place‚ at a time and in a format that is appropriate and convenient for the customer. In a growing number of countries‚ the expansion of the financial services sector has been accompanied by a significant blurring of lines between different institutional types with‚ for instance‚ retail banks offering insurance products
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COMMUNICATION CHANNEL Communication channels carry the data from one computer to another Two categories of communication channels Physical Connections Ethernet cable – consists of twisted pair cable; slowest; being phased out by more advanced and reliable media Coaxial cable – single solid copper core; 80 times transmission of twisted pair; television and computer networks Fiber optic – 26‚000 times capacity of twisted pair cable; more secure and reliable; best over limited distances; lighter‚ more
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presentation is to discuss the theory of distribution strategy with the underlying real life examples of McDonald ’s fast-food restaurants in Australia. In other words‚ the aim is to discuss McDonald ’s distribution channel‚ the way this fast-food restaurant gets its products to the market. Nonetheless‚ this presentation will demonstrate that McDonald ’s distribution strategy is effective in many cultures. In the theory of marketing mix‚ place (distribution) determines where the product will be sold
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perform a distribution function. The distribution function is vital to the economic well-being of society because it provides the goods and services desired by the consumer. Economists often describe the value of distribution in terms of ownership‚ place‚ and time utility. The marketer contributes to the product’s value by getting it to the right place at the time the consumer wants to buy it and by providing the mechanism for transferring ownership. Firms that do not perform the distribution function
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○촉진(promotion) -AD(광고) 매체‚ 직접적 단기적 효과 -Public Relations(PR) 간접적 장기적 효과 -Sales Promotion(판매촉진) -Personal Selling(직접 판매) 촉진의 4가지 활동을 통합 관리 하는 것 = IMC ○광고 ○가격 ○제품(product) -신제품개발 -(기존)제품관리 ○소비자행동 ○유통 -물류(physical distribution) 물적 유통(Physical Distribution)을 줄인 말로 생산자로부터 소비자까지의 물의 흐름을 가리킨다. 일반적으로 유통개념은 생산자로부터 소비자에게 재화와 서비스를 이전시키고 장소와 시간·소유의 효용을 창조하는 활동을 포함하고 있다. 이에 반해 물류는 소유의 효용을 만족시켜주는 거래를 제외한
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Brief History of Cable Television: The traditional mass media had a confined sphere in countries where it initially grew‚ functioning strictly in line with the values‚ norms‚ traditions and basic requirements of the local populace. But‚ the inventions of new technologies like satellite communication‚ cable television and internet has helped it across national boundaries and addresses the worldwide audience. These boosting inventions have‚ in fact made the world a global village by transforming media
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DISTRIBUTION AUTOMATION Abstract— This White Paper on‚ “Power systems” addresses the working process‚ benefits and challenges of implementing Distribution Automation in electrical power distribution sector. The demand for electrical energy is increasing every day. Today over 24% of total electrical energy generated in India is lost in transmission (6%) and distribution (18%). The electrical power deficit in country is currently about 18%. Therefore reduction in distribution
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Maxwell Road School Kuala Lumpur and went on to pursue his Professional Education in Food & Beverage overseas. He is a Certified Hospitality Trainer (USA)‚ Food & Beverage Manager‚ Life Fellow of Institute Hospitality Management (Ireland) and Fellow of Malaysian Food & Beverage Executive Association. In the past 46 years‚ he has acquired valuable experience at various management levels in the Food & Beverage Industry. Some of the organizations he has worked with include A&W in Malaysia and Singapore‚ Tadmansori
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Pricing is one of the most important elements of the marketing mix as it is the only mix‚ which generates a turnover for the organization; the remaining 3p’s are the variable cost for the organization. It costs to produce and design a product; it costs to distribute a product and costs to promote it. Price must support these elements of the mix. Pricing is difficult and must reflect supply and demand relationship (Constantinides‚ 2006). Pricing a product too high or too low could mean a loss of sales
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