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What Is a Product? Service
What Is a Product? Service

... orient and motivate its customer contact employees and supporting service people to work as a team to provide customer satisfaction ...
IB1 Ch 4.5 The Four P`s
IB1 Ch 4.5 The Four P`s

... Protection – The main purpose of packaging is to protect the product from damage. Attracting customers – The package must attract the consumer in the store....lots of research is completed to determine what is appealing to customers. Promotion and information – The package may contain ...
Generic Business Strategies
Generic Business Strategies

... • Companies fail to invest in maintaining brand image. • Companies have “crowded-out” their own products by introducing new products. ...
issue paper on marketing and effective communication
issue paper on marketing and effective communication

... Marketing is the process associated with promoting the sale of goods or services. It is an integrated process through which companies create value for customers and build strong customer relationships. In return value from customers is captured. Marketing is used to create customer demand, satisfy c ...
PDF
PDF

... three-stage procedure will be used. First, consumer preferences for crawfish and selected seafood products will be determined using a mail survey to a random selection of 10,000 consumers, The consumer questionnaire will include such items as: frequency of seafood purchases in general and preference ...
Part III—DEVELOPING MARKET STRATEGIES
Part III—DEVELOPING MARKET STRATEGIES

... Because of the globalization of the marketplace, an international PLC shape has also emerged. PLC theory has been criticized because companies cannot predict the shapes in advance, nor can they know what stage they are in within a given shape or predict the duration of the stages. In addition, PLCs ...
Fremdsprachenzentrum Johannes Gutenberg
Fremdsprachenzentrum Johannes Gutenberg

... 8. risk perception: functional (dependability: will it work or not), psychological (possibility to be disappointed or feel cheated), physical (damage to the user), social (if the buyer feels open to ostracism or ridicule for using the product), financial (money lost in buying a worthless product)  ...
Analyzing the Effects of Sales Promotion and Advertising on Consumer’s Purchase Behavior
Analyzing the Effects of Sales Promotion and Advertising on Consumer’s Purchase Behavior

... When the effects of usage dominance are greater than promotion enhancement, promotions can be used as an effective tool for building market share. Darke (2005) also examined that different promotional frames increases the perceptions of deal value. But it needs to concern about that negative price-q ...
Sales Promotion – A Changing Trend from Expensiveness to
Sales Promotion – A Changing Trend from Expensiveness to

... consumer tries to compare the products on ...
chapter 12 - Cengage Learning
chapter 12 - Cengage Learning

... • Firms must be organized so personnel can stimulate and coordinate newproduct development. • New-product committees primarily review and evaluate others’ new product plans rather than develop their own. • Tend to move slowly and conservatively in large companies. • New-product departments encourage ...
Life-Span Concept - Modern Marketing Technique
Life-Span Concept - Modern Marketing Technique

... range to reach more customers, increasing distribution, continuing communication campaigns and gradually lowering prices (Stark, J. (2007), “Global product strategy, product lifecycle management and the billion customer question”, London: Springer, pp. 1-8). A slower pace of sales of the product cha ...
BA460-2
BA460-2

... Seeks to create maximum awareness & brand equity. Wants to be well known as a maker of high quality/highly desirable products ...
Lecture Notes on Bundling and Brand Proliferation (August
Lecture Notes on Bundling and Brand Proliferation (August

... only as a bundle), the monopolist may be able to increase its monopoly profits. As a simple example, consider a small Caribbean island that has only one hotel, so that the hotel owner is a monopolist in the local market for hotel rooms.1 The hotel has a restaurant, but there are also two small local ...
Consumer behaviour helps to formulate public policy
Consumer behaviour helps to formulate public policy

... behaviors bringing product design, logistics, manufacturing, and retailing ...
Develop marketing strategies to guide marketing tactics.
Develop marketing strategies to guide marketing tactics.

... MARKETING STRATEGIES TO CHANGE • Business situations change, which requires marketers to look for challenges/opportunities along the way. • Examples: • Finding out that the company can’t handle distribution on its own • Hearing about a new product with better features than the one currently offered ...
- Portland State University | Home
- Portland State University | Home

... strategies for new-product development. 6. Describe the consumer adoption process. 7. List the stages in the process for developing new products. 8. Explain the relationship between product safety and product liability. ...
Marketing & Operations Strategy Business Report - Sample 1.0 INTRODUCTION
Marketing & Operations Strategy Business Report - Sample 1.0 INTRODUCTION

... (Schmitt, 2000). It involved exhibitions and open days where companies travel to the consumers in order to provide samples, educate the masses on the benefits of the product (nutritional value, how to cook the product in various ways etc) and allows consumers to experience both the product, and the ...
What are Promotional Products? Click on mug to
What are Promotional Products? Click on mug to

... Why Promotional Products Work • Move people to action – Reciprocity – after receiving an item, people feel the need to return the favor – 31% of recipients are more likely to do business with advertisers after receiving a promotional item* – 62% of end-buyers say promotional products are effective ...
Chap011
Chap011

... attendance by targeting these fan segments: (a) 14 and under, (b) 15 and over, (c) other special fan segments, and (d) all fans? ...
antibacterial protection
antibacterial protection

... the USA with the FDA (Food and Drug Administration) for all applications in which it is used. Microban additives can be found in the products of leading consumer, industrial and medical product manufacturers around the world. How long does Microban® antibacterial protection work? Microban protection ...
Right Click Here to
Right Click Here to

... Other Favorite Marketing Tools •Camtasia videos - same concept as articles except now you don't need for them to click. • You explain a problem or concept, offer a solution and deliver them right to the page offering that solution. • Secrets Of The Internet Marketing Titans http://therealsecrets.co ...
Business Essentials 6e - Ebert and Griffin
Business Essentials 6e - Ebert and Griffin

... A promotional tactic for brand exposure in which characters in television, film, music, magazines, or video games use a real product that is visible to viewers ...
3.5 - Developing Marketing Strategies
3.5 - Developing Marketing Strategies

... MARKET SEGMENTATION is the process of identifying niche markets within mass markets or putting it another way, the breaking of the total market into smaller parts based on similar characteristics. This is often necessary as the total market for a product is often too wide and complex to be treated a ...
Marketing for Wood Products Companies
Marketing for Wood Products Companies

... handle itself. This is because individual firms specialize and are experts in the specific function they perform. As you know, there are many channels through which lumber and other sawmill products move on their way to the final consumer. An individual sawmiller would have a tough time being an exp ...
Bi = ideal brand
Bi = ideal brand

... good description of all consumers (ours as well as oppositions') and must also know why those consumers will or will not buy a product. ...
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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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