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Product and Service Decisions
Product and Service Decisions

... Place marketing consists of activities undertaken to create, maintain, or change attitudes and behavior of target consumers toward particular places. Social marketing is the use of commercial marketing concepts and tools in programs designed to influence individuals’ behavior to improve their well-b ...
Marketing Practice Toolbox - Part 4 - Level 5
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... Within Marketing, the design and management of the Marketing Mix (the 4Ps, Product, Price, Promotion and Place) to the benefit of the organisation is central to the success or failure of an organisation. The design of the Marketing Mix for a specific product (service or physical good or combination) ...
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... “To provide a stable and gainful source of employment for the under privileged rural artisans, lift up the traditional identity and the commitment of quality service” On the basis of these principal Aarong started its journey in Bangladesh. Aarong began as a cause – a means to an end for a quiet org ...
Book 4.1 What is marketing?
Book 4.1 What is marketing?

... organising the many variables which influence consumers and their decision making processes. There are a number of different academic approaches to understanding consumer behaviour: 1- The rational approach (Belk, 1995): - This approach assumes that consumers tend to make rational choices about the ...
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... sales opportunities for commercial manufacturers in the HWTS sector. To better understand the ...
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... Other trends include:  Males under 35 are more aware of technological advancements—so many innovative products like plasma screens, projection TVs and home theatre systems are targeted towards them.  Women still carry out most household chores so advertisers still target women for cleaning produc ...
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...  Identified competitive business issues while leading the development & implementation of strategic sales and marketing plans to grow the business.  Responsible for ensuring sales goals were met for new product lines, promotional planning, customer service, managing budgets, & executing sales init ...
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... Staples such as milk, bread, and gasoline are basic or necessary items that are available almost everywhere. Most consumers do not perceive big differences among brands. Marketers must offer staples that consistently meet consumer’s expectations for quality and make sure it is available at a price c ...
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... demand. Innovation provides products the specific basis for which world economies compete with each other on the global market. Able to find new solutions, innovations generate significant changes in existing markets, destroy them, or create new markets (Hauser et al. 2006). The development of new p ...
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Ch17 Marketing Strategies for Mature and Declining Markets
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...  Analyzers and defenders are both concerned with maintaining a strong share position in established product-markets.  Analyzers also do some product and market development to avoid being leapfrogged by competitors with more advanced products or being left behind in new applications segments.  De ...
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... satisfaction has been analyzed and their extent determined. The results from the research indicates that about 60% of consumers are satisfied by the product while the other 40% are not. An analysis shows that rating the factors in the range of 1-5, the mean ranges at 3.5 which can be expressed into ...
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... in the role of bringing together interested parties, must perform a variety of tasks which can be called marketing. Marketing embraces those business activities that direct the movement of goods and services from producers to consumers or users. This includes product planning and design, sales, sale ...
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GUIDE - Experian

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Planned obsolescence

Planned obsolescence or built-in obsolescence in industrial design is a policy of planning or designing a product with an artificially limited useful life, so it will become obsolete, that is, unfashionable or no longer functional after a certain period of time. The rationale behind the strategy is to generate long-term sales volume by reducing the time between repeat purchases (referred to as ""shortening the replacement cycle"").Companies that pursue this strategy believe that the additional sales revenue it creates more than offsets the additional costs of research and development and opportunity costs of existing product line cannibalization. In a competitive industry, this is a risky strategy because when consumers catch on to this, they may decide to buy from competitors instead.Planned obsolescence tends to work best when a producer has at least an oligopoly. Before introducing a planned obsolescence, the producer has to know that the consumer is at least somewhat likely to buy a replacement from them. In these cases of planned obsolescence, there is an information asymmetry between the producer – who knows how long the product was designed to last – and the consumer, who does not. When a market becomes more competitive, product lifespans tend to increase. For example, when Japanese vehicles with longer lifespans entered the American market in the 1960s and 1970s, American carmakers were forced to respond by building more durable products.
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