Expanding the product mix The product mix is the total range of products offered by the business. By expanding their product mix‚ the profits will increase in the long term. It is used to adapt to the ever changing tastes and preferences of the customers. Air Asia’s marketing objectives to expand the product mix include: - New routes and destinations all over the world. - Flights to Americas and other Western countries - Further destinations with Air Asia X. - Improving the Do-It-Yourself
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Considering L’Oréal’s product portfolio and analyzing the BCG matrix created‚ we can make a few recommendations to L’Oréal. Firstly‚ we notice that there are a few categories that are considered‚ in the BCG matrix‚ as Dogs‚ being these areas that have a low relative market share and a low growth rate. These are the following: Normal; Antidandruff; and Greasy. Dogs are normally considered unattractive‚ but there are exceptions‚ when the size of these markets is still a great volume of the company’s
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Know how the retail sector responds to internal and external change. What is retailing? 1. Types and formats of retailers New brand of retailing... Classification of Retailers Analysing the retail environment Retail positioning map (p.166) One method of analysing a retail market is to use a retail positioning map. Here’s an example: High Price Waitrose Sainsburys High quality Morrisons Low quality Aldi Lidl Low price What types of ownership do retailers have? Ownership P1 Unit
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MODULE-I 1.1. INTRODUCTION TO FAKE PRODUCTS "A rural consumer is brand loyal and this also makes it easy to sell look-alike" - Mr. R.V. Rajan‚ CMD‚ Anuragh Fake products are of two types – one: counterfeit products and two: pass-off products. Counterfeit products are fake products that bear identical name of product/ packaging/graphics/colour scheme and even same name and address as the genuine
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Unit 3 Marketing P1 Introduction For this assignment I have been asked to do a report on………………………(say what you have been asked to do) The company I chose for this marketing report is kellogs and Nestle. I will first start off by writing about Kellogs. About Kellogs Kellogs is a …………………(Give history of Kellogs and background info) The types of products Kellogs produces are…..(make sure you mention the products kellogs produces and the general target market for these producst E.g. cereals –
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Differentiation & Positioning Case: Product Team Cialis_Getting Ready to Market (HBS 9-505-038) The Actors: - Mark Babato‚ the executive director and global product team leader for Cialis - Rob Brown‚ the global marketing director from Lilly - Leonard Blum‚ vice president of sales and marketing from ICOS - Sidney Taurel‚ Chairman of the Board‚ President and CEO of Lilly Problem Analysis: | |VIAGRA
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LO1 (3.1): Explore organisational structure and culture LO2 (3.2): Examine different approaches to management and leadership and theories of organisation LO3 (3.3): Examine the relationship between motivational theories LO4 (3.4): Demonstrate an understanding of working with others‚ teamwork‚ groups and group dynamics. P1: (3.1.01): Compare and contrast different organisational structures and culture P2: (3.1.02): Analyse the relationship between an organisation’s structure and culture
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Week 2 - DQ1 For a time‚ people would joke that IBM was an acronym for ‘Inferior But Marketable’. The thinking behind this was that IBM produced inferior products‚ but did a better job of marketing them than competitor companies that produced superior IT products. What was IBM doing from a competitive capabilities perspective? Consider factors such as brand and core competencies in your answer. Which of these factors may have played a role in earning the company its nickname mentioned above?
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Types of Marketing Strategies on Foreign Markets On the single European market‚ the development of a company marketing strategy should be preceded by a market research to identify the following elements: the potential capacity of selected segments of the market for a relevant industry‚ consumers’ tastes and needs‚ appropriate methods for entering a market (including identification of the methods employed by major competitors)‚ as well as the necessary degree of product standardisation and differentiation
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The product The first market mix element is Product. A product is anything that can be offered to a market for attention‚ acquisition‚ use or consumption that might satisfy a need or want. Product decision normally base on brand name‚ functionality‚ styling‚ quality‚ safety‚ packaging‚ repairs and support‚ warranty‚ accessories and services. These product attributes can be manipulated depending on what the target market wants. Also‚ customers always look for new and improved things‚ which is
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