The Marketing of product and service are different A product is normally a thing that sold to people and mostly is tangible. Basically‚ the marketing of product is particularly focused on 4P’s in marketing mix namely product‚ price‚ place‚ and promotion (Ehmke & Fulton & Lusk‚ n.d.). The marketer needs to analyze the major demand of customers in a specific market in order to find out a product that can respond the market demand. Firstly‚ it is necessary for marketers to focus on the strength as
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Chapter 4 – Product and Service Design TOPIC Product and Service Design Trends in Product & Service Design Product or Service Design Activities Reasons for Product or Service Design Design for Operations Sources of Ideas for Products and Services The Design Process Quality Function Deployment Reverse Engineering Design for Manufacturing Manufacturability Legal‚ Ethical‚ and Environmental Issues Regulations & Legal Considerations Research and Development (R&D)
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improve their health. o Find solution for health problem o Heart‚ cancer‚ hardening of the arteries and related diseases o Influence by the fact and scientific research o Want to live longer o Don’t care about price o Concern quality minerals o Brand image is important Secondary YOUTH: Between 14 to 25 year’s old age. o Likes to drink cool stuff o Preference depended on fashion o Drink for style o Purchase cheep drink o Easily influence by TV‚ magazine and online advertisement Presentation
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Products What Starbucks stands for is not just a good cup of coffee but also the passion it pours into its product quality and its service. According to (SWOT Analysis Starbucks Strength2000)‚ Starbucks has made a profit in excess‚ beside that‚ Reputation of Starbucks has built up mainly due to the quality of products and services. Its brand image itself is made through his main product‚ which is THE COFFEE. All different coffee variations are part of their product portfolio. The major priority
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Types of Variables We can distinguish between two types of variables according to the level of measurement: 1. Continuous or Quantitative Variables. 2. Discrete or Qualitative Variables. A quantitative variable is one in which the variates differ in magnitude‚ e.g. income‚ age‚ GNP‚ etc. A qualitative variable is one in which the variates differ in kind rather than in magnitude‚ e.g. marital status‚ gender‚ nationality‚ etc. Continuous or Quantitative Variables Continuous variables can be classified
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and research strategies on product-service systems P.P. Wang*‚ X.G. Ming‚ D. Li‚ F.B. Kong‚ L. Wang and Z.Y. Wu School of Mechanical Engineering‚ Shanghai Jiao Tong University‚ Shanghai‚ PR China (Received 17 May 2010; final version received 12 October 2010) As present trends in economic and population growth continue‚ the natural environment is increasingly being stressed. More and more researchers‚ institutes and programmes have paid attention to product-service systems (PSSes) in the last
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Why go to university? People attend college for various reasons. Some people consider college as a challenge and others take it as a new experience. In my opinion‚ I think that people attend college to increase knowledge‚ meet new people and develop a career. Studying at a college can benefit a person greatly since it augments a person’s knowledge‚ aids in developing a career and gives a chance to meet new people of different backgrounds. Knowledge is such a powerful tool that possessing it can
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Module 8 Group Project - Proposal Product and Service Design “How do some companies manage to introduce successful new products fast when others can’t?” This is the type of question we will be answering in this chapter (ie. An idea we could use on a company in our power point presentation) per Pg 117 of textbook How do these companies’s stay in the competitive marketplace with their product and service designs? What makes them unique? • Idea generation • Build a business case
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DEVELOPING A SERVICE BRAND USING THE SERVICE MIX -Kunle Dixon Odukoya Unlike product brands‚ service brands are identifiable activities or benefits that one party can offer to another that is essentially intangible and doesn’t result in a change in ownership. Thus service brands are those utilities that have as their core‚ the five attribute of services vis • Intangibility: not existing in physical form • Invisibility: cannot be seen • Inseparability: cannot be separated from the provider
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Implications for Marketers Marketing strategies (Marketing mix elements – price‚ product‚ distribution‚ and promotions) has to reflect the brand and its image appropriately. Marketers should constantly be up to date with the changes in consumer’s demographic‚ lifestyles‚ and trends in order to develop marketing programs that appeals to them‚ so that they are able to be more adaptive to the marketing programs to the brand to achieve brand awareness. Marketers should always
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