What Is a Product Mix? by Rick Suttle‚ Demand Media Product mix‚ also known as product assortment‚ refers to the total number of product lines that a company offers to its customers. For example‚ a small company may sell multiple lines of products. Sometimes‚ these product lines are fairly similar‚ such as dish washing liquid and bar soap‚ which are used for cleaning and use similar technologies. Other times‚ the product lines are vastly different‚ such as diapers and razors. The four dimensions
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Marketing mix Topman The product recently purchased is a t-shirt from the retailer Topman; the t-shirt is of decent quality for a mass-produced item the product doesn’t have a long life due to changes in fashion which is reflected in the price. Topman have a variety of different ranges within stores to accommodate for their target market. “Topman ensure that there is stock that is seasonal and trend led‚ as well as always offering a basics range. With every range of stock they release
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Executive Summary I have chosen Bunnings as the organization to do my report on. They are a leading retailer of home and garden improvement products and a major supplier of building materials to trade. Bunnings caters predominantly for do-it-yourself customers as well as builders and contractors. In the following I have considered that they’re holistic approach to their marketing is their strongest point‚ and that the way they deal with their competition in the marketplace is their worst
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A favorite in Europe since the 1940s‚ Fanta was acquired by the Coca-Cola Company in 1960. Fanta Orange is the core flavor‚ representing about 70% of sales‚ but other citrus and fruit flavors have their own solid fan base. Consumers around the world‚ particularly teens‚ fondly associate Fanta with happiness and special times with friends and family. This positive imagery is driven by the brand’s fun‚ playful personality‚ which goes hand in hand with the bright color (particularly orange)‚ bold fruit
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Page ACKNOWLEDGEMENT i 1.INTRODUCTION TO DOUGHNUTS ENTERPRISE 2.DOUGHNUTS ENTERPRISE 2.1 Retail Format merchandise mix. 2.2 Strategic Planning and Operation Management 2.3 SWOT Analysis 2.4 Retail customer and Target Market 2.5 Evaluation of the target market 2.6 Customer service Level and Services during Pre-transaction‚
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Marketing Mix 1. Price IKEA’s strategy is based on cost leadership. Across markets where it currently has a presence‚ products are sold at low prices. Prices are 30 to 50% lower than competing products. Price variations are only a result of fluctuations in exchange rates. This penetration pricing enables IKEA to gain significant market share. Low prices are a result of large-quantity purchasing‚ low-cost logistics‚ store location in suburban areas and a DIY approach to marketing.
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Promotion mix is the combination of advertising‚ sales promotion‚ public relations‚ personal selling and direct marketing tools that a company uses to communicate value and build relationships (Kotler & Armstrong‚ 2008). A balanced mix of these aspects is needed to build and maintain profitable customer relationships. Advertising is‚ “and paid form of nonpersonal presentation and promotion of ideas‚ goods or services by an identified sponsor” (Kotler & Armstrong‚ 2008). For example advertising includes
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is the first step in marketing-mixplanning.Philip Kotler defines product as Anything that can beoffered to a market for attention‚ acquisition‚ use or consumption that might satisfy a -want or need. It includes physical objects‚ services‚ persons‚places‚ organizationsand ideas. Product planners need to think about the product on three levels. The most basiclevel is the core product‚ which addresses the question: What is the buyer really buying? Theodore Levitt has pointed out that buyers ’do
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Dove promotional mix The purpose of dove’s promotional mix is to promote and advertise their product to the public to gain interest and awareness about what they have to offer. By promoting their product they are trying to increase sales of this anti-aging lotion and also increase the profit coming into the business. Also they aim to gain more interest in the brand so that they will be able to sell more of their products. Dove uses advertising by commercially advertising themselves on mobile devices
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FedEx Marketing Mix Federal Express is an express transportation company‚ founded in 1973 by Frederick W. Smith. During his college years‚ he recognized that the United States was becoming a service-oriented economy and needed a reliable‚ overnight delivery service company designed to solely transport packages and documents. He wrote a Yale term paper on this idea and received a C. His professor thought it would never work. Fortunately for Frederick Smith‚ he did not take it to heart and ended up
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