if it is too high they will think it is too expensive. Psychology price: it is a price just below a round figure (9‚99 for example) Marketing Strategy: Intensive: when the product is sold in the most important store Selective: sold in specific places according to specific criteria Exclusive: a franchise (exclusive right). Une égérie = celebrity endorsement is when the celebrity advertises a product. To tarnish/to blur: ternir/abimer Advantages: it is an opportunity for
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shelf space to sell soft drinks‚ new products would need to replace existing products. Having to replace existing products is much more costly than being able to use open channels. • The franchise system: Bottling is very capital-intensive‚ and the bottlers have exclusive arrangements with Coke and Pepsi for cola products. It costs roughly $6 billion to build national distribution ($75 million * 80 plants‚ see p. 3). Supplier Power: The suppliers to the
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Proposals For Each Of The 7Ps Product The attributes of the product is very important. The product gets the main priority and if the marketer knows that the product is not up to standard‚ it will only make it more difficult for the marketer to make the product acceptable in the market. We know that HMV is already a very well established organization in UK and they are specializing in music‚ movies and video games. Therefore‚ a few things should always be kept in mind such as maintain their service
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Revision of DTM for chapter 1 & 2 Function of physical distribution management and distribution channels 1) Definition of physical distribution management – Used in manufacturing and commerce to describe the broad range of activities concerned w/ the efficient movement of finished products from end of production line to consumer. * Emphasizes the flow of materials from the point of manufacture industrial user * Implies the control of the flow End consumers Products supply > Warehousing
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CHAPTER VI Tourism Distribution Channel Objectives: 1. Define the meaning of tourism distribution channel 2. Discuss the types of travel intermediaries 3. Describe the functions of specialty intermediaries 4. Be acquainted with the distribution channels 5. Understand the relation of distribution to marketing 6. Be aware of the distribution strategies Pre-Test INSTRUCTION: Write TRUE if the statement is correct and FALSE if the statement is incorrect on the space provided before each number. _____1
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Introduction Marketing Mix is a major concept in modern marketing and involves practically everything that a marketing company can use to influence consumer perception favorably towards its product or services so that consumer and organizational objectives are attained‚ i.e. Marketing mix is a model of crafting and implementing marketing strategy. In this assignment‚ I will discuss the major marketing mix variables as classified by Prof. E. Jerome McCarthy which are: i. Product ii. Price iii
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Sony Product The first market mix element is Product. A product is anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a need or want. Product decision normally base on brand name‚ Functionality‚ Styling‚ Quality‚ Safety‚ Packaging‚ Repairs and Support‚ Warranty‚ accessories and Services. These product attributes can be manipulated depending on what the target market wants. Also‚ customers always look for new and improved things‚ which
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American Intercontinental University Unit 3 Individual Project MKTG 205 – Principles of Marketing 02/03/2013 Abstract The purpose of this essay is to show how Kodak will make its products available to consumers. It goes through the distribution process for their products as well‚ as the select marketing channels that are best for proving distribution these products. Kodak Introduction Capturing the memories of the world one family at a time is the goal here at Kodak. Through
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LECTURE 1: What is Marketing? Evolution of Marketing: Product OrientationSalesConsumerCompetitorCRMValue (brand equity) 5 C’s (Strategic) * Company * Customers * Competitors * Collaborators * Context 4 P’s (Tactical- “marketing mix”) * Product * Promotion * Price * Place LECTURE 2: Customer Behavior Consumer Decision Making Process: Adoption Process (of new concepts that do not rely on previous purchases) (textbook): AwarenessInterestEvaluationTrialDecision
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Marketing & Customer (MK 0273) SIMBRAND GROUP REPORT Lecturer: Magdalene Kong Team: Red Team Member: Nguyen Thi Phuong Hien (14042143) Nguyen Thi Thao Trang Nguyen Thuong Huyen Koo Hala Jeong Ho Rak Word Count: 1153 Table of Contents 1. Introduction 3 2. Initial Plan Implemented (Trial 1 and Trial 2) 3 3. Actual SimBrand Game (Round 1 to Round 6) 3 3.1 Understand and Analyzing: Market‚ Consumer and Competitor Situation 4 3.2 Strategy Implementation 4 3.2.1 Product Strategy 4 3.2.2 Price
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