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key terms glossary
key terms glossary

... themselves or requested automatic updates and information, etc. Any cost in the advertising production process that is not specifically below-the-line cost itemized in the production budget. A point of reference for measurement, often against other companies. benchmarking The process of grouping co ...
3.02 Part A Notes
3.02 Part A Notes

... It is important to use positioning to your advantage. You want to position your product so that customers will continue to purchase from you rather than the competition. The pricing, promotion, product development, and distribution strategies are all planned with an eye toward the competition. ...
Introduction to Business-to
Introduction to Business-to

... • USE IN PRODUCING THEIR PRODUCTS AND/OR TO FACILITATE THEIR OPERATIONS ...
Market Segmentation
Market Segmentation

... • These differences are demonstrated by the daily decisions ...
Marketing communications
Marketing communications

... Forces manufacturer to live up to conveyed image Protects and warns customers against false claims and inferior products Enables manufacturer to mass-produce product Continuous reminder Uninterrupted production a possibility Increases goodwill Raises standards of living (or perceptions thereof) Pric ...
The Four Ps
The Four Ps

... We must SUPPLY exactly what the customer wants. We can do this by offering the right MARKETING MIX: “The Four Ps” = the right PRODUCT at the right PRICE available through the right channels of distribution: PLACE presented in the tight way: PROMOTION. The Four Ps PRODUCT = the goods or the service t ...
position description - Australian Physiotherapy Association
position description - Australian Physiotherapy Association

...  Actively pursuing improvements and innovation in the online and multimedia learning environment Selection Criteria Education and experience:  Degree qualified in business, education or e-Learning  Proven experience in developing and managing virtual learning products  Demonstrated experience in ...
World Film History !
World Film History !

... Experts approve this product, so you should use it “Four out of five dentists recommend sugarless gum for their patients who chew gum” ...
Advertising Techniques
Advertising Techniques

... Games and Activities ...
- Chap 2 Jeopardy
- Chap 2 Jeopardy

... The process of developing and maintaining a strategic fit between the organization’s goals and capabilities and its changing marketing ...
THE FOUR P`S and TWO C`S OF INTERNATIONAL MARKETING:
THE FOUR P`S and TWO C`S OF INTERNATIONAL MARKETING:

... This strategy consists of all of the company’s manufacturing and marketing are performed in one location- usually the home country. Main Disadvantage: if the company becomes too large manufacturing and shipping all over the world can become complicated and impossible. 2. DECENTRALIZED STRATEGY: This ...
Marketing Process
Marketing Process

... product is sold in only a few retail outlets, usually because the product is expensive (for example, handmade chocolates) and has an elite image in the consumer's mind. ...
3.3.1 Product
3.3.1 Product

... success or failure of a product • To understand the stages of the Product Life Cycle and possible extension strategies • To understand how marketing strategies and decisions can differ at each stage of the product life ...
Exam 2 Review - jacobwall.com
Exam 2 Review - jacobwall.com

... o Problem of competitive knowledge of your test. Maybe they don’t know or care what else is out there. o Problem of translation national media pans into local equivalents Chapter 11: Managing Products and Brands  4 stages of the product life cycle (introduction, growth, maturity, decline) o Introdu ...
Guide to Business Planning
Guide to Business Planning

... High ...
Chapter 6: notes
Chapter 6: notes

... Sporting events are considered services, so buying tickets from a team’s box office is an example of direct distribution ...
Business Marketing Channels
Business Marketing Channels

... • which is already serving other product needs of a wide user customer base. ...
Promotional Mix: ​Advertising, Public Relations
Promotional Mix: ​Advertising, Public Relations

... ...
adv -www.itworkss.com
adv -www.itworkss.com

... • Firstly, does the business/product have any Unique Selling Proposition (“USP”) – A unique selling proposition is a customer benefit that no other product can claim ...
Economic Benefits presentation
Economic Benefits presentation

... quantities, therefore, reducing the cost of each item  When a product becomes popular, the number of merchants offering the product will increase, thus increasing competition and reducing price  Competition causes manufacturers to improve products to better satisfy customer wants and needs ...
MNM2602 Study Unit 8 – The Marketing Mix The 4 P`s OF
MNM2602 Study Unit 8 – The Marketing Mix The 4 P`s OF

... Study Unit 8 – The Marketing Mix The 4 P’s OF MARKETING The marketing mix is a set of tools that the business makes use of to implement its marketing strategy. These marketing tools are also known as the 4 P’s ...
10.02-A Content Outline
10.02-A Content Outline

... c. Advantages and disadvantages of publicity (1) Advantages include helping to create positive image, therefore increasing profits and saving advertising money. Introduces new products and fosters good human relations. (2) Disadvantages are that timing and method of presentation may fail to reach th ...
b. define business strategy
b. define business strategy

... Greater present value of member  spending much buying things in taobao ...
File - Mr. Catalano
File - Mr. Catalano

... What to watch out for…. Fraud: Lying to a consumer for financial gain Trading-up: Getting pressured to buy a more expensive product Bait and Switch: Luring customers with items that don’t exist with the hope of selling them a more expensive product. ...
International Business
International Business

... Value density ...
< 1 ... 78 79 80 81 82 83 84 85 86 ... 92 >

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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