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Managing Business Marketing Channels
Managing Business Marketing Channels

... • Choosing a distributor depends upon the market a company wishes to target • What are some distributor qualifications? 1. Financial 2. Good functional operations 3. Skills & technical expertise 4. Contacts • In other words, “What can they do & who do they know?” • E-collaboration between manufactur ...
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Marketing Plan For A NEW PRODUCT

...  A description of your product (product). What needs or wants are you satisfying with your product? 5. Market Overview  A description of the current conditions in the marketplace for the product similar to what you are proposing.  A description of the companies (competitors) currently in the mark ...
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...  Are there established price points for products similar to this? How will your price compare with your competitors?  Is the customer price sensitive? Will a small decrease in price help you gain extra market exposure? Will a small increase in price be undetectable by the consumer and therefore he ...
Solomon_ch07_basic
Solomon_ch07_basic

... • Develops one or more products for each of several customer groups with different product needs • Appropriate when consumers are choosing among well-known brands with distinctive images and it is possible to identify one or more segments with distinct needs for different types of products • E.g. Ni ...
Monopolistic competition
Monopolistic competition

... products are as a result of differentiation so that the product will look different in the names but all of them are similar. Prices of this brands are usually higher and consumer are forced to pay more for a product that he/she could have bought it cheaply. Normally, the brand names are registered ...
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Focusing Marketing Strategy with Segmentation

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Product/Service Management
Product/Service Management

... • Product is launched. A product launch is always risky. You never know how the market will receive the product. There have been numerous failures in the past to make marketers nervous during the launch of the product. The length of the introduction stage varies according to the product. • If the pr ...
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Market Plan – Outline
Market Plan – Outline

... Sources of Marketing Data and Financial/Technical Assistance When you are writing your market and business plan, you will need to have a good understanding of the business sector you intend to entre and local, provincial & national data that pertain to the sector you are planning to enter as a busi ...
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Quantitative and Qualitative Research

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... population structure weighted towards older people.  The Japanese are great savers with the average household having $210,000 (USD) in the bank.  Through market research, it has been established that the Japanese market focuses on food safety, packaging, and traceability so with an aging populatio ...
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MARKETING 3.02 Position products/services to acquire desired

... b. Describe the purpose of positioning. Marketers use __________________ to find a place for the product in the marketplace and to distinguish the product from competitors. The ____________________________is how the customers see the product. The positioning and the actual position of the product ar ...
Chapter8-McKinsey`s Eight Technology Trends to Watch for 2008
Chapter8-McKinsey`s Eight Technology Trends to Watch for 2008

... marketing (such as viral marketing), and the after-sales process get better insights into customer needs and behavior and may be able to cut the cost of acquiring customers, engender greater loyalty, and speed up development cycles”. ...
Chapter 18 - McGraw Hill Higher Education
Chapter 18 - McGraw Hill Higher Education

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Part III Marketing
Part III Marketing

... resources. Thus, they want to choose products that provide the most value and satisfaction for their money. When backed by buying power, wants become demands. Consumers view products as bundles of benefits and choose products that give them the best bundle for their money. A Honda Civic means basic ...
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Product planning

Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set.Product planning serves as the basis for decisions about price, distribution and promotion.Product planning is the process of creating a product idea and following through on it until the product is introduced to the market. Additionally, a small company must have an exit strategy for its product in case the product does not sell. Product planning entails managing the product throughout its life using various marketing strategies, including product extensions or improvements, increased distribution, price changes and promotions.
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