UNIT 6: DEMONSTRATE AND UNDERSTANDING OF PRODUCT POSITIONING INTRODUCTION =product offering at heart of marketing effort =starting point of marketing mix = example =good product can result in good marketing mix 1. WHAT IS A PRODUCT =any favourable or unfavourable thing in exchange for money =can be tangible‚ a service‚ or an idea (examples ?) =marketing process for each is the same 2. PRODUCT LEVELS =5 levels = each level adds more customer value =constitutes the customer value
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For me‚ the social system of the Philippines is neither conservative or liberated‚ maybe both. Because there are conservative people that still uses old practices and beliefs. There are also liberated people that go with the new world‚ they do what Americans and other races do. They also do not treasure practices and beliefs anymore. The current economic system of the Philippines for me was very bad because the rich is only getting richer and the poor is only getting poorer. The rich families have
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Strategic Brand Management Brand Positioning and Repositioning B.U.Deepankar PGP13077 IIM Kashipur A. Positioning – Introduction Positioning is to identify and establish the points of parity and points of difference for the right brand identity and brand image. Brand positioning is an important concept and is at the heart of the marketing strategy. It is the act of designing the company’s offer and its image so that it occupies the mind space of the consumer in a distinct way and has a value that
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Positioning the Tata Nano – Case Memo Introduction: Tata Motors Limited (TML)‚ a part of Tata group‚ a highly respected conglomerate has a product that will revolutionize the way India travels. The team was successful in delivering a car that meets the goal price of 1 lakh rupees. People welcomed it with high pre bookings and initial sales. But it has been found that the car didn’t hit the target market. The initial excitement faded away leading to drastic downfall in sales. We have analyzed the
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Chapter Crafting the Brand Positioning This chapter illustrates how a firm can choose an effective positioning in the market and differentiate its brand. It describes the various strategies a firm can employ at each stage of a products life cycle and finally shows the implications of Market evolution for marketing Positioning: Positioning is the act of designing the company’s offering and image to occupy strategies. Developing and Communicating a Positioning Strategy Category Membership:
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Red Bull Brand Survey A true understanding of brand positioning comes only after getting the consumers’ insights‚ opinions‚ feedback‚ and vision of a product. To get those I hosted an online survey on http://www. Surveymonkey.com and shared it with my friends‚ which are potential and current customers of Red Bull: most of them are current students or recent college graduates‚ 20-30 y.o. The selected questions for survey were: 1. Are you male or female? 2. What is you #1 choice when you
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PSY- 356 How mental imagery and Cognitive maps applies to our daily life Memory is the key and foundation of everyday living for everyone‚ it is an essential part of our life with out it one might say they lose apart of themselves. Scientists and psychologists have been studying the brain for centuries in understanding how it functions. The thought of not recalling simple things like names‚ streets‚ your childhood memories and so forth can be a detrimental to someone life. Our own memories are
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How to Write a Brand Positioning Statement The Power of 3 Words First words on the subjects goes to Branding expert and author Jack Trout who advocates the simplest brand positioning strategy possible. He believes that the best and most successful brands occupy very specific positions in consumers minds‚ and those positions can be translated into a brand positioning statement of no more than three words. He wrote a post on Branding Strategy Insider where he said: “I have never seen a great
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................................................................................. 1 Coca Cola versus Pepsi Cola – The History.................................................................................. 2 Examples of Coca Cola vs Pepsi De-Positioning .......................................................................... 3 Critical Analysis ............................................................................................................................ 5 Conclusion............
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Letter of Transmittal To Ed Pryor- VP‚ Sales Harold Whistler- VP‚ Design & Development Tony Barren- Director‚ Production From Emma Richardson- Executive Vice President Date 17/03/2008 Subject: Pricing strategy & viability of “Project Aerial” Enclosed report deals with the launching price problem being faced by TerraCog for its forthcoming GPS product Aerial‚ different options that are available to the company‚ selection criteria for evaluation and proposed solution along with action plan
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