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3.3.1 Product
3.3.1 Product

... • To be aware of the costs and benefits of developing new products • To understand the concept of Brand Image and how this can impact sales and customer loyalty • To be able to appreciate the role of packaging in the success or failure of a product • To understand the stages of the Product Life Cycl ...
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... Marketing-The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives Marketing mix-the fundamental elements of marketing—product, price, place, and promotion (also ...
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Chapter 3: Types and Patterns of Innovation
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... Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale. Where consumers receive advice, the advice is suitable and takes account of their needs and circumstances. Consumers are provided with products that perform as firms have led ...
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... philosophy, and other sequels which are now available on NextResource, under the “Our Story” category. Here is the first chapter: You might say that NextRE is a child of the internet. Leading up to 2002 when NextRE was formed in May of that year, the rules and strictures that kept a tight grip on ho ...
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Marketing channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.Another less known form of the marketing channel is the Dual Distribution channel. This channel is a less traditional form that allows the manufacturer or wholesaler to reach the end-user by using more than one distribution channel. The producer can simultaneously reach the consumer through a direct market, such as a website, or sell to another company or retailer that will reach the consumer through another channel, i.e., a store. An example of this type of channel would be franchising.Roles of marketing channel in marketing strategies Links producers to buyers. Influences the firm's pricing strategy. Affecting product strategy through branding, policies, willingness to stock. Customizes profits, install, maintain, offer credit, etc.↑ ↑ ↑ ↑ 4.0 4.1
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