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Chapter 8
Chapter 8

... PRODUCTS; REDUCE BUSINESS RISK 7. MARKETING INFORMATION MANAGEMENT--OBTAIN AND ORGANIZE INFORMATION TO MAKE DECISIONS 8. PROMOTION--COMMUNICATING WITH CUSTOMES TO ENCOURAGE PURCHASES IMPACT OF MKTG--INC. STANDARD OF LIVING, MADE MORE AWARE, CHOICES ...
marketing
marketing

... • Brands have been around since the earliest days of marketing. (we’ll look at some examples) • Brands are valuable in a modern marketing strategy ...
FALL 2002 BA 303 FOR EXAMINATION ONE L.P. CHEW
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... Fluctuating demand Since demand is derived, the business marketer must monitor and forecast demand in final consumer markets ...
MARKETING OF CONSUMER DURABLES
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... Sell at lower price or at same price as in the urban market  Reduce price by modifying attributes like package, size, packing etc.  Ensure loyalty of consumers  Work on minimum possible profit margin. ...
Chapter 10 - Trade Promotions
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... Trade Promotions Defined The expenditures or incentives used by manufacturers and other members of the marketing channel to help push their products through to retailers…p.307 ...
Marketing Coop
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... The marketing concept:“states that to make a profit a business must focus all efforts on satisfying the needs & wants of the customer” ...
The Marketing Mix
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... The idea that a business should strive to satisfy customers’ needs and wants while generating a profit for the business  Customer focus  A company’s plan identifies how it will use marketing to achieve its goals is called a marketing strategy ...
Introduction to Business
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... • They break down 'bulk' into smaller packages for resale by a retailer. • They buy from producers and resell to retailers. They take ownership or 'title' to goods whereas agents do not. • They provide storage facilities. For example, cheese manufacturers seldom wait for their product to mature. The ...
Key Marketing Functions
Key Marketing Functions

... make sure kids will play with the toys and parents will buy them for the children. 2. Pricing is the process of establishing and communicating the value of cost of goods and services to customers. Price maybe set high knowing people will buy at that price. 3. Promotion is using advertising and other ...
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... consumers for their personal, nonbusiness use. • Wholesaling include all activities involved in selling goods or services to those who are buying for purpose of resale or for business use. ...
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... – Producers can control quality and price, do not have to pay for intermediaries, and can be close to their customers – Examples: Dell Computer, Mary Kay Cosmetics ...
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... o Trade discounts (functional) are reductions from a list price offered to buyers in payment for marketing functions the buyer will perform. (ex: 40% and 10%)  Retail = $400… retailer pays $240 to wholesaler… wholesaler pays $216 to the manufacturer… wholesaler is expected to pass on the 40% to the ...
MANUFACTURER - BASED CHANNEL
MANUFACTURER - BASED CHANNEL

... manufacturing, wholesaling, retailing and many other areas joining forces to make possible the delivery of goods to industrial users or customers. • They satisfy demand by supplying goods and services at the right place, in the right quantity and quality at right price. • They also stimulate demand ...
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... individuals and firms involved in the process of making a product or service available for consumption or use by consumers and industrial users. ...
05 Marketing Mix (Four Ps)
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...  Determine the “message” – what are we saying?  Determine the “media” – where are we saying it?  Determine the “deal” – special offers available?  Determine the “time” – when and for how long? ...
Ethical and Legal Aspects of Marketing
Ethical and Legal Aspects of Marketing

... The practice of selling the same product at different prices in different markets. Section 49 states businesses must not charge different prices for goods, if those prices do not reflect differences in the costs of providing those goods to different businesses. ...
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...  What marketing decisions do these marketing intermediaries make?  What are the major trends with marketing intermediaries? ...
Marketing 333
Marketing 333

... facilitators needed ...
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... cosmetics for several years and would not consider changing brands. In fact, Alexandria likes the cosmetics so much that she has become an advocate for the cosmetic company. She tells everyone about the features and benefits of LookSo-Good products, and encourages them to try the cosmetics. What typ ...
Seven Functions of Marketing
Seven Functions of Marketing

... 1. Product and Service Management – The design, development and maintenance of the products and services which meet the wants and needs of the customers 2. Financing – Obtaining the funds needed to operate the business 3. Pricing – The process of setting a price by taking into account how much money ...
Chapter 21 - Muncy School District
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... Internet: Toys R Us, and Barnes & Noble ...
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... Reward for selling a desirable product to those who want it ...
IB1 Ch 28 Promotion and Place
IB1 Ch 28 Promotion and Place

... Retailers need to mark-up the product to cover the costs of sales. ...
Distribution
Distribution

... Channel intermediaries Wholesalers • Break down ‘bulk’ • buys from producers and sell small quantities to retailers • Provides storage facilities • reduces contact cost between producer and consumer • Wholesaler takes some of the marketing responsibility e.g sales force, promotions ...
Explain Marketing
Explain Marketing

... Communication used to inform or remind people about a business’s products. Promotion also involves persuading customers to purchase a product. Your AD here! ...
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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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