Assignment # Week 04 Word Count: 410 Marketing of physical products VS marketing of services The marketing of physical products and marketing of services expose two different situations in marketing which requires different strategies. With physical product marketing you need to consider the product‚ price‚ place and promotions which are the standard 4Ps approach. When it’s come to marketing of services you need to consider people‚ process and proof on top of the standard 4Ps approach. Services
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changed economic conditions are affecting consumer behavior and attitudes. Can the marketing strategies based on the understanding of the consumers in the prosperous times still hold water now? Consumers are changing their behavior in several different ways and various underlying attitudes and values govern these changes. It is critical for us to re-look at the consumer and refresh our understanding to fine tune the marketing strategies. 2. Segment and decide Not all the consumers react to the environmental
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Chapter: Managing Product Line: What is Product? We define a product as anything that can be offered to a market for attention‚ acquisition‚ use‚ or consumption that might satisfy a want or need. Product include more than just tangible goods. Broadly define‚ products include physical objects‚ services‚ events‚ persons‚ places‚ organizations‚ ideas‚ or mixes of these entities. We use the term product broadly to include any or all of these entities. Because of their important in the world economy
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______________________________ Sex: ______ Q.1. What is your profession? Q.2.Which Himalaya’s product do you use? Purifying Neem Face Wash Gentle Face Wash Gel Gentle Exfoliating Apricot Scrub If other please specify:____________________________________ ______________________________________________________ Q.3. Will you Recommend Himalaya’s product to someone else? YES NO If NO why:_________________________________________________
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Market Leader A market leader is a brand‚ product‚ or a firm that has the largest percentage of total sales in terms of revenue (the market share) of a market. A market leader often dominates all his competitors in areas such as: customer loyalty‚ distribution coverage‚ image‚ perceived value‚ price‚ profit‚ and promotional spending. To be the leader in the market‚ the company needs to be innovative‚ agile‚ revolutionary‚ obsessive and supportive. Market leader objectives are to continue expanding
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Product Features and Benefits Lululemon offers a comprehensive line of performance apparel and accessories for women‚ men and female youth. Their apparel assortment includes items such as fitness pants‚ shorts‚ tops and jackets that are designed for healthy lifestyle activities such as yoga‚ running and general fitness. Although Lululemon benefits from the growing number of people that participate in yoga‚ they believe the percentage of their products sold for other activities will continue
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desires. -Competition -Results?? Social harmony‚ supply and demand will be balance‚ market equilibrium. Nobody decides the wealth and resources to be allocated. It will bring the society to larger wealth. No monopoly so there will always be better product come out. -Division of labor and wealth accumulation * liberalism * David Ricardo * -free-trade * -the corn-laws: prohibit import food item at 1800‚ it negatively effects capitalists class. Result: less selection‚ higher price
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PRODUCT Product line of Swatch’s watches was divided into five differences category which is Swatch Original‚ Swatch Irony‚ Swatch Skin‚ Swatch Beat and Swatch Bijoux. First of all‚ for Swatch Original‚ the watches was made up by plastics and also known by the world first plastic watches. Second‚ for Swatch Irony was made up by all metals shell case. Swatch Skin was the world thinnest plastic watches and it’s divided into two types which are Original Skin‚ which known as the thinner version of Swatch
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Situation Analysis...............................................................................................................4 2.1 Internal Environment...................................................................................................4 General.................................................................................................................4 SWOT Analysis ...................................................................................................6 Predecessor
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Week 4 marketing quiz Question 1 4 out of 4 points | | | Which of the following is an important cultural factor that should be considered by global marketers?Answer | | | | | Selected Answer: | language | Correct Answer: | language | | | | | Question 2 4 out of 4 points | | | Caterpillar‚ Inc. is the world’s largest manufacturer of earth-moving and construction equipment. Kirovsky is a large Russian manufacturer of the same type of products. The two companies
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