warranties‚ returns‚ etc. Moreover‚ the company’s position‚ as well as marketing strategy in the market‚ can be judged on the basis of its product mix including width‚ length‚ depth and consistency (Proctor‚ 200). Width is the number of lines the firm carries‚ for example Sony has various lines including TV‚ video‚ cameras and laptops. Length is the number of items in the product mix‚ for example Toshibahas different types of TVs and laptops. Depth is the number of variants of each product offered in the
Premium Marketing
notes that Nintendo targeted non-gamers in addition to gamers. This included consumers of any age and gender. Conversely‚ competitors like Sony focused on teens and males. The case also mentions moms/housewives and families as targets of Nintendo marketing. The ideal answer analyzed gamers and a few non-gamer segments‚ such as moms. Analysis should have included qualitative description -- why is this segment interested in the Wii? -- and quantitative data‚ such as the segment’s size and value. Finding
Premium Management Psychology Qualitative research
The marketing mix in marketing strategy: Product‚ Price‚ Place and Promotion The marketing mix is the set of controllable‚ tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution. The four Ps of marketing: product‚ price‚ place and promotion. The marketing mix can be divided into four groups of variables commonly
Premium Marketing
Place in the Marketing Mix refers to two key areas : - 1. Marketing Channels 2.Physical Distribution & Logistics A marketing channel - Comprises individuals and organisations that together ensure the flow of products and services from producer to customers. Zero level (direct supply): For example‚ mailorder books / records‚ direct flight bookings‚ internet sales and bookings. One stage channel: Many FMCGs fall into this category‚ for example‚ branded food stuffs‚ clothing‚ DIY products
Premium Marketing
Mr. Michael Dell is the C.E.O of dell computers. Michael Dell founded Dell in 1984. Dell is one of the leading Consumer durables brand. Dell has been so successful at supply-line management over the past 20 years that it has been credited with driving Compaq into the arms of HP‚ and IBM out of the desktop computer business altogether. Its innovative and efficient build-to-order system‚ and the fact that it has little retail presence‚ has helped Dell keep its inventory
Premium Dell Personal computer Laptop
4.1 Marketing mix The marketing mix is one of the major concepts in modern marketing and is often brought up in general discussions of marketing. Marketing mix is a set of marketing tools that a company uses to pursue its marketing objectives in the target market. When a company is making decisions on marketing they generally fall into four controllable categories known as the 4 P’s: product‚ price‚ place and promotion. As shown in the figure 3; in Kotler’s Marketing mix chart the target
Premium Marketing Strategic management Marketing plan
Strategic Planning Business Unit Strategic Planning • SWOT Analysis – External Environment Analysis (Opportunity and Threat Analysis) • Marketing Opportunity – Buying opportunity more convenient or efficient – Meet the need for more information and advice – Customize an offering that was previously only available in standard form Business Unit Strategic Planning – Marketing Opportunity Analysis (MOA) • Can the benefits be articulated to a target market? • Can the target market be reached with cost-effective
Premium Strategic management Marketing
through Strategy Marketing the $100 Laptop Negroponte’s idea of developing a low cost easy to use laptop to help children of developed countries gain access to technology was revolutionary. The idea was to offer the laptops to the different governments of developing nations as educational tools. Negroponte’s thought that if the laptop was cheaper enough it would be appealing to all governments and that there would be no reason for the governments not to buy them. The laptops were not going to
Premium Battery Laptop Price
Introduction The term “marketing mix” was introduced by Neil Borden in his 1964 article “The Concept of the Marketing Mix”. Borden’s (1964) original marketing mix was a list of 12 elements that make up a marketing programme. McCarthy (1964) refined Borden’s list and reduced Borden’s 12 elements to four Ps: product‚ price‚ place and promotion. In addition‚ McCarthy (1964) defined the marketing mix as “a combination of all the factors at a marketing manager’s command to satisfy the target market”
Premium Marketing
It offers a variety of packages which cater to the needs of people from all walks of life. Telenor has been technically innovative coming up with various new services such as easy-load‚ Telenor mobile TV‚ Auto location service´ to name a few. Its marketing efforts in promoting such services have ensured that their product is differentiated from its competitors‚ which helped them take hold of a large portion of the market share. This report covers all major aspects of Telenor’s leading telecommunication
Premium Marketing