Levels of Product and Service Product Name: Itel Mobile Phone (Model: IT 6700). Introduction: Product planners need to think about products and services on three levels. Each level adds more customer value. The most basic level is core benefit. At the second level‚ product planners must turn the core benefit into actual product. Finally‚ product planners must build an augmented product around the core benefit and actual product by offering additional consumer services and benefits. Now I discuss
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Marketing Mix MKT 421 April 4‚ 2011 Marketing Mix A marketing strategy is the combination of the target market‚ or the customers the marketing is intended to reach‚ and the marketing mix. Product‚ price‚ place‚ and promotion are components of the marketing mix‚ or the four p’s‚ which create a value for the customer (Perreault‚ Cannon‚ & McCarthy‚ 2009). For this reason‚ the customer‚ who is not part of the marketing mix‚ is the center of the target‚ surrounded by the elements of the marketing
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From: Investment analysis team To: Potential Investor Subject: Investment Analysis of Stock Offerings of British Petroleum BP’s stock offering‚ which is part of the government’s decentralization plan‚ has come at a time when markets are still feeling the aftermath of what has been the biggest one day drop in history. This has caused detrimental effects on the market which is felt by most‚ if not all companies. What could have been an attractive offer has turned sour as BP’s stock price
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Maslow’s Needs Raul G Payas MKGT 201 Prof. James Ready 11/08/2014 Maslow’s Needs We all have been told one in our life that you need to “show motivation” when you were trying to accomplish a task. According to Abraham Maslow who was an American psychologist‚ he stated that “motivation can be defined as the “inward drive humans have to get what we need.” (Thielke et al.‚ 2012). Maslow’s theory was based on people having to fulfill the basic needs This five stage model can be divided into Physiological
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approach potential customers to sell products and services. Representatives of a company interact directly with a consumer to provide information to help the consumer make a decision about the product or service. Personal selling works best when 1) The company is using a push strategy 2) The product/service is complex (real estate) 3) When buyers purchase product infrequently 4) When product is expensive 5) When buyers will take their time 6) When the product is customized 7) negotiation needed
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MKT 317 QUANTITATIVE BUSINESS RESEARCH METHODS Fall‚ 2011 PROFESSOR: Dr. Page OFFICE HOURS: 2:30 – 4:30 Tuesday and Thursday‚ and by appointment OFFICE LOCATION: N332 North Business Complex PHONE: 432-6419 E-MAIL: tpage@msu.edu TEXT: Complete Business Statistics‚ Seventh Edition‚ Aczel & Sounderpandian COURSE WEBPAGE: https://www.msu.edu/course/msc/317/ TEACHING ASSISTANTS: See the course webpage for teaching assistant office hours and contact information READ THE SYLLABUS COMPLETELY. YOU CAN EXPECT
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Statement 3 The Product 3 Consumer Product Classification 3 Target Market 3 Competitive Situation Analysis 4 Analysis of Competition using Porter’s 5 Forces Model 4 SWOT Analysis 4 Strengths 5 Weaknesses 5 Opportunities 5 Threats 6 Market Objectives 6 Product Objective 6 Price Objective 6 Place Objective 6 Promotion Objective 7 Marketing Strategies 7 Product Strategies 7 Price Strategies 7 Place Strategies 7 Promotion Strategies 7 Tactics and Action Plan 8 Product Action Plan 8
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includes Course Description‚ Rationale‚ Expected Student Outcomes‚ Responsibilities of Instructor and Student‚ Course Prerequisites and Credit Hours‚ Required Course Materials including Textbook‚ Course Content and Grading Policies. Course Outline MKT 120 PRINCIPLES OF MARKETING 1/9/2014 CENTRAL CAROLINA COMMUNITY COLLEGE Course Prerequisite(s): None Course Credit Hours: 3 hours credit (SCH) and 3 hours of contact Required Textbook(s): L. E. Boone and D. L. Kurtz‚ Contemporary Marketing‚
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Outline the concept of the augmented product. Apply and evaluate the concept to a brand of your choice. The concept of the augmented product tries to show how the overall view of the product and brand by fragmenting it into separate dimensions. Corey (1975) describes it as “the product is the total package of benefits that the customer receives when he buys.” There are 3 dimensions; core‚ tangible and intangible. Through these dimensions the product can be differentiated from competitors and
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marketers‚ feel that the image of a particular channel in which they sell product does not matter- all that matters is that the right customers shop there and the product is displayed in the right way. Others maintain that channel images- such as retail store- can be critical and must be consistent with the image of the product. Take a position and justify: Whether channel images do not really affect the brand images of the products they sell versus channel images must be consistent with the brand image
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