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Product - Facultatea de Business - Universitatea Babeş
Product - Facultatea de Business - Universitatea Babeş

... • Marketing mix concept was introduced in 1964 by Prof. Neil Borden, including the following 12 elements: product, advertising, brand, sales promotion, packaging, product presentation, price, aftersales services, distribution, logistics, personal selling and marketing research. • In the same year, P ...
6. Marketing Mix Instructions
6. Marketing Mix Instructions

... manufacturer and transfer products to regional wholesaler channels • Wholesalers – they collect large volume of products from different distributors, and serve a regional system of retail outlets by repackaging goods for retail stores • Retailers – maintain connection with consumers in local market ...
Building Competitive Advantage through Business Level Strategy
Building Competitive Advantage through Business Level Strategy

... • Companies are players that are simultaneously making choices • The potential profitability varies depending on the strategy one company selects and the strategies that its rivals select • Sequential move and simultaneous move ...
PDF
PDF

... the dietary fibre. Because of such reasons JUICY BAR and CREAMY BAR are good examples of re- positioning and changing the original purpose of cereal snack. Traditional cereal snack bars are replaced with the new one that are the right choice that satisfies all senses. • Gingerbread CELI HOPE from th ...
Fundamentals of Selling
Fundamentals of Selling

... There Are Two General Types of Products Consumer and Industrial Products  What is industrial product?  An industrial product is sold primarily for use in producing other products. Industrial users are profit/nonprofit organizations that buy good and services for one of three purposes* 1.To make o ...
10-7 Marketing: Real People, Real Decisions Product Life Cycle
10-7 Marketing: Real People, Real Decisions Product Life Cycle

... Product Line Strategies (continued) • Cannibalization: the loss of sales of an existing product when a new item in a product line or product family is introduced. Companies will do very detailed estimates of potential cannibalization prior to introducing a new product. • Note that there may be occas ...
Marketing Summary
Marketing Summary

... Easy to collect and process, does not reveal the profit level however Market Share analysis Comparing a businesses marketing strategy to its competitors (EXAMPLE: IGA to Coles) A business can evaluate whether an increase/decrease in sales is a result of the marketing strategy or an uncontrollable ex ...
PDF
PDF

... Quality: consumers’ perception of quality encompasses objective and subjective components. Objective components relate to the ingredients, vitamins, minerals, etc. while the subjective components relate to the taste, enjoyment and satisfaction a consumer experiences when using the product. Freshnes ...
Chapter 10
Chapter 10

... Total number of different offerings for a product category ...
The Marketing Mix - Grŵp NPTC Group Moodle
The Marketing Mix - Grŵp NPTC Group Moodle

... the vagaries of the market and consumer fashion use an alternative group of strategies. When setting price they look first at internal factors. Businesses which concentrate on internal costs when pricing products are known as product orientated firms. Pricing strategies used are based around the cos ...
New Product Development
New Product Development

... pulled Budweiser out of Germany after a sixmonth Berlin market test in 1981. Its Busch brand was another disappointment in France, where this type of beer did not yet correspond to French tastes. ...
Bangor Transfer Abroad Programme Introduction to
Bangor Transfer Abroad Programme Introduction to

... The time a product category spends in a stage of the product life cycle may vary from a few weeks to ...
The Political, Legal, and Regulatory Environments of Global Marketing
The Political, Legal, and Regulatory Environments of Global Marketing

... the use of computer technology to keep a lid on ("contain") distribution costs using refrigerated warehouses for perishable products use of standard-sized shipping boxes that can be transported in various ways a method of shipment by using oval size steel containers to fit different ...
NEW ISSUES IN MARKETING
NEW ISSUES IN MARKETING

... So, consumers are the ultimate source of income . The marketing concept, simply stated, suggest that the purpose of a business is to provide customer satisfaction . Thus, it is anticipated that the firm will maximize long term profitability through customer ...
Slide 1
Slide 1

... used in more products-in more ways. Pecans are the best of all ingredients-it will sell more chocolate, sugar, flour, milk, and other basics than any other ingredient. When added to another product, the pecan not only adds quality and flavor, but it also adds prestige to the product” -”Growers, shel ...
Chapter 1
Chapter 1

... and services for personal consumption. These final consumers make up the consumer market. The central question for marketers is: “How do consumers respond to various marketing efforts the company might use?” ...
Part7
Part7

... product. A display allowance compensates them for using special displays.  Free goods or push money: cash or gifts to dealers or their sales force to “push” the manufacturer’s goods.  Specialty advertising items: they carry the company’s name, such as pens, pencils, calendars, paperweights, memo ...
Charlie and the Chocolate Factory
Charlie and the Chocolate Factory

... costs, profit potential, market trends, and competing products. Step 4: Develop the product. If the company’s decision makers are in favor of the product, a prototype will be made. A prototype is a model of the actual product. It is used to see what the new product will look like. It also tests how ...
Marketing Strategy and Consumer Behavior
Marketing Strategy and Consumer Behavior

... the marketing strategy, as implemented in the marketing mix, and the outcomes. The firm can succeed only if consumers see a need that its product can solve, become aware of the product and its capabilities, decide that it is the best available solution, proceed to buy it, and become satisfied with t ...
the next generation in brand efficiency, interaction and
the next generation in brand efficiency, interaction and

... it conveys information about the brand. It helps in tracking products with UPC labels and barcodes that make inventory and POS scanning easier. And, as a key consumer touchpoint, it engages consumers with eye-catching designs that convey the product’s quality and value to help the brand stand out on ...
Overview Operations : The transformation of raw materials into
Overview Operations : The transformation of raw materials into

... Supply chain management: refers to the range of suppliers a business has and the nature of its relationship with those suppliers. A business needs a very predictable supply chain that is highly responsive to changes in demand as experienced by the business Globalisation influences a business and its ...
18. Advertising Objectives
18. Advertising Objectives

... the ad is purely informational, it is still designed to get consumers to like the brand/company/person. An advertisement is a specific message while an advertising campaign is a series of coordinated advertisements that communicate a theme or idea. An audience is a group of individuals who receive ...
Chapter 1 Consumers Rule
Chapter 1 Consumers Rule

... • Music, movies, sports, books, celebrities, and other forms of entertainment consumed by the mass market. ...
Nova Southeastern University Standard Operating Procedure for GCP Version # 1
Nova Southeastern University Standard Operating Procedure for GCP Version # 1

... must be initiated only after the written instruction from the Sponsor/Study Monitor had been obtained. 2. Once accounted for, if the sponsor does not request that drugs need to be returned, then the products may be disposed of. The procedure for destroying used study drugs is as follows: a. Safety a ...
Business Studies(Powerpoint Files)
Business Studies(Powerpoint Files)

... problem that is too important to be answered by guessing • an informational input to decisions ...
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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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