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10. Developing and Managing Products
10. Developing and Managing Products

... High marketing and production costs Negative profits with slow sales increases Promotion focuses on awareness and information  Communication challenge is to stimulate primary demand ...
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... Product refers to the goods or services that meet the needs of customers. Price is how much money a person pays to purchase a product or service. Place refers to the location, convenience, and availability of the product. Communication between the seller and buyer is ...
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... Advertising is any paid form of non-personal promotion of ideas, goods, or services. Advertising can be found anywhere from magazines, TV, internet, or anything that is ONE-WAY communication. ...
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... imbalance between unlimited wants and limited resources available to satisfy those wants. Numerous factors influence the supply and demand for products (e.g., supply - technology, cost of inputs, number of sellers; demand - income, price of similar products, consumers' preferences). The level of com ...
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... Internships are structured as learning experiences that combine in-class theory with real-world applications. A valid experience for marketing majors is an internship or co-op that requires skills and knowledge obtained from College of Business marketing courses. Positions should be similar to an en ...
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... Demand, supply and price Prices are determined by the workings of supply and demand in competitive markets. The supply of a particular product is the quantity of the product that producers are willing to sell at each of various prices. Producers are expected to offer more of a product for sale at h ...
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... Demand, supply and price Prices are determined by the workings of supply and demand in competitive markets. The supply of a particular product is the quantity of the product that producers are willing to sell at each of various prices. Producers are expected to offer more of a product for sale at h ...
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... Sales Promotion: All other marketing activities other than personal selling, advertising, and publicity. It has three unique characteristics: 1) It usually involves short term activities (as opposed to advertising and publicity which ten to be longer in length). 2) It usually offers some type of in ...
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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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