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MARKETING MANAGEMENT 12th edition,12 Setting Product Strategy,Kotler Keller,12-2,Chapter Questions,What are the characteristics of products and how can they be classified? How can companies differentiate products? How can a company build and manage its product mix and product lines? How can companies combine products to create strong co-brands or ingredient brands? How can companies use packaging, labeling, warranties, and guarantees as marketing tools?,12-3,Product,Anything that can be offered to a market to satisfy a want or need.,12-4,Figure 12.2 Five Product Levels,Core benefit Basic product Expected product Augmented product Potential product,12-5,Product Classification Schemes,Durability Tangibility Use,12-6,Durability and Tangibility,Nondurable goods Durable goods Services,12-7,Consumer Goods Classification,Convenience Shopping Specialty Unsought,12-8,Industrial Goods Classification,Materials and parts Capital items Supplies/business services,12-9,Product Differentiation,Product form Features Performance Conformance Durability Reliability Reparability,Style Design Ordering ease Delivery Installation Customer training Customer consulting Maintenance,12-10,The Product Hierarchy,Need family Product family Product class Product line Product type Item,12-11,Product Systems and Mixes,Product system Product mix Product assortment Depth Length Width Consistency,12-12,Product Line Analysis,Core product Staples Specialties Convenience items,12-13,Line Stretching,Down Market Stretch Up-Market Stretch Two-Way Stretch,12-14,Product-Mix Pricing,Product-line pricing Optional-feature pricing Captive-product pricing Two-part pricing By-product pricing Product-bundling pricing,12-15,Packaging: The 5th P,All the activities of designing and producing the container for a product.,12-16,Packaging has been influenced by:,Self-service Consumer affluence Company and

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