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Outcome3Understandtheindividualelementsoftheextendedmarketingmix
Thefistpart---Productcontents1.Whatistheproduct?2.Productlinedecisionandproductmixdecision3.Productlifecycleandproductstrategy4.Brandstrategy5.NewproductdevelopmentObjectivesBeabletodefineproductandknowthemajorclassificationsofproductsandservices.Understandthedecisionscompaniesmakeregardingtheirindividualproductsandservices,productlines,andproductmixes.4ObjectivesUnderstandhowfirmsbuildandmanagetheirbrands.Knowthefourcharacteristicsofservicesandtheadditionalmarketingconsiderationsthatservicesrequire.Knowbrandingstrategy5
DISCUSS:
Whatisaproduct?6
一、Whatisaproduct?DefinitionsProductAnythingofferedtoamarketforattention,acquisition,use,orconsumptionthatmightsatisfyaneedorwant.Productsincludetangibleobjects,suchascars,computersetc.Productsalsoincludeservices,events,persons,places,organizations,ideasoramixtureofthese7ServiceAnyactivityorbenefitthatonepartycanoffertoanotherthatisessentiallyintangibleanddoesnotresultinownershipofanything.
E.g.airtravel,hotelservice.Product,serviceandexperiencesThreelevelsofproductActualproductDesignPackagingBrandnameFeaturesAfter-saleserviceInstallationWarrantyDeliveryandcreditRepairingCore,benefitorservice二、LevelsofProductandServicesQualityAugmentedproduct三、Productcanbeclassifiedas:Consumerproductsconvenienceproductse.g.toothpaste,magazineshoppingproductsclothingandfurniturespecialtyproductsluxurygoodsUnsoughtproductslifeinsuranceIndustrialproductsCapitalitems:installation,accessoryequipmentMaterialsandparts:rawmaterials,components:Suppliesandservice.Organizations,persons,places,andideasProductandServiceClassificationsOrganizations,persons,places,andideasOrganizationalmarketingmakesuseofcorporateimageadvertisingPersonmarketingappliestopoliticalcandidates,entertainmentsportsfigures,andprofessionalsPlacemarketingrelatestotourismSocialmarketingcampaignspromoteideas11CharacteristicsofConsumerProductsWhatisaProduct?ConvenienceShoppingSpecialtyUnsoughtFrequentpurchasesboughtwithminimalbuyingeffortandlittlecomparisonshoppingLowpriceWidespreaddistributionMasspromotionbyproducerTypesofConsumerProducts
13WhatisaProduct?ConvenienceShoppingSpecialtyUnsoughtLessfrequentpurchasesrequiringmoreshoppingeffortandprice,quality,andstylecomparisons.HigherthanconveniencegoodpricingSelectivedistributioninfeweroutletsAdvertisingandpersonalsellingbyproducerandresellerTypesofConsumerProducts
14WhatisaProduct?ConvenienceShoppingSpecialtyUnsoughtStrongbrandpreferenceandloyalty,requiresspecialpurchaseeffort,littlebrandcomparisons,andlowpricesensitivityHighpriceExclusivedistributionCarefullytargetedpromotionbyproducersandresellersTypesofConsumerProducts
15WhatisaProduct?ConvenienceShoppingSpecialtyUnsoughtLittleproductawarenessandknowledge(orifaware,sometimesnegativeinterest)PricingvariesDistributionvariesAggressiveadvertising
andpersonalsellingbyproducersandresellersTypesofConsumerProducts
16overviewThedefinitionofProductsAnythingofferedtoamarketforattention,acquisition,use,orconsumptionthatmightsatisfyaneedorwant.Productsincludetangibleobjects,alsoincludeservices,events,persons,places,organizations,ideasoramixtureoftheseLevelsofProductandServicesCorebenefit,actualproduct,andaugmentedproductProductandServiceClassifications
convenience,shopping,specialtyandunsought17Marketersmakeproductandservicedecisionsatthreelevels:Individualproductdecisions,ProductlinedecisionsProductmixdecisionsProductandServiceDecisionsIndividualProductProductLineProductMixProductattributesQuality,features,styleanddesignBrandingPackagingLabelingProductsupportservicesKeyDecisions19ProductandServiceDecisionsIndividualProductProductLine
ProductMixProductlinelength--ThenumberofitemsintheproductlineLinestretching:stretchitslinedownward,upwardorbothways.Linefilling:addingmoreitemswithinthepresentpricerangeKeyDecisions20LowLowLowLowLowLowHighHighHighPriceHighHighHighQualityPresentproductPresentproductPresentproductNewproductNewproductNewproductNewproductStretchingdownwardStretchingupwardStretchingbothwaysProductlinestretchingdecisionProductandServiceDecisionsIndividualProductProductLineProductMixProductlinewidth:numberofdifferentproductlinescarriedbycompanyProductlinelengthtotalnumberofitemsacompanycarrieswithinitsproductlines.ProductlinedepthNumberofdifferentversionsofeachproductinthelineProductlineconsistencyKeyDecisions22DISCUSS
P&Gcompany’sproductmix产品组合的广度、长度示意图产品线1产品线3产品线2产品线4B1型音响D1型洗衣机C1型电冰箱D3型洗衣机D2型洗衣机A1型电视机A2型电视机A3型电视机A4型电视机B2型音响C2型电冰箱C3型电冰箱产品项目=宽度x深度产品线长度产品线宽度6/4/202324第七章产品策略BCG(BostonConsultingGroup)growth-sharematrix中文书P37ProblemchildCashCowstarDogProductLifecycle(PLC)IntroductionTheproductistargettoaparticularmarketandintroducedtothatmarketGrowth
Theproductbecomeswell-knowninthemarketandsalesvolumeincreasesDeclineThevolumedeclinesasdemandfortheproductdeclinesorcompetitionincreases.MaturitySaleshitapeakthenbegintoleveloffasaresultofcompetitionfromnewandexistingproducts.TheCharacteristicsofProductLifeCycleBrandingStrategyThekeystrategiesforbuildingandmanagingproductandservicebrandDefinitionBrand:thedevicefordistinguishingaproductorservicefromallothers.Thismaybeaname,symboloranyotherdevicewhichisuniquetothecompanyandisitslegalentitlement.BrandingStrategyBrandsarepowerfulassetsthatmustbecarefullydeveloped/managed.Brandswithstrongequityhavemanycompetitiveadvantages:HighconsumerawarenessStrongbrandloyaltyHelpswhenintroducingnewproductsLesssusceptibletopricecompetition31BrandStrategyBrandPositioningBrandNameSelectionBrandSponsorshipBrandDevelopmentKeyDecisions32BrandpositioningBrandpositioningisoneofthetechniqueiscriticalindevelopingabrandleader.Eachbrandshouldhaveuniqueniche.Abrandisthecompany’spromisetodeliveraspecificsetoffeatures,benefits,servicesandexperiencesconsistentlytobuyers.Thebrandpromisemustbesimpleandhonest.BrandStrategyp268BrandPositioningBrandNameSelection
BrandSponsorshipBrandDevelopmentSelectionandprotectionGoodBrandNames:SuggestsomethingabouttheproductoritsbenefitsAreeasytosay,recognizeandrememberAredistinctiveAreextendableTranslatewellintootherlanguagesCanberegisteredandlegallyprotectedKeyDecisions35BrandStrategyBrandPositioningBrandNameSelectionBrandSponsorshipBrandDevelopmentNational(Manufacturer)brandsPrivate(store)brandsCostlytoestablishandpromoteHigherprofitmarginsLicensedbrandsNameandcharacterlicensinghasgrownCo-brandingAdvantages/disadvantagesKeyDecisions36Nationalbrandversus
storebrandsStorebrandsaregrowingmuchfasterthannationalbrandsRetailersoftenpricetheirstorebrandslowerthancomparablenationalbrands.Co-brandingThecombinedbrandscreatebroaderconsumerappealandgreaterbrandequity.Co-brandingcantakeadvantageofthecomplementarystrengthsoftwobrandsCo-brandingalsoallowsacompanytoexpanditsexistingbrandintoacategoryitmightotherwisehavedifficultyenteringalone.Limitations—ifsomethingdamagesthereputationofonebrand,itcantarnishtheco-brandaswell.BrandStrategyBrandPositioningBrandNameSelectionBrandSponsorshipBrandDevelopmentFourchoicestodevelopbrandLineextensionsMinorchangestoexistingproductsBrandextensionsSuccessfulbrandnameshelpintroducenewproductsMultibrandsMultipleproductentriesinaproductcategoryNewbrandsNewproductcategoryKeyDecisions39NewbrandsBrandextensionLineextensionMulti-brandsExistingNewNewExistingProductcategoryBrandmaneFourbrandstrategiesLineExtensions
MayFeatureDifferent:BrandStrategyFlavorsColorsFormsIngredientsPackageSizes41LineextensionExtendinganexistingbrandnametonewforms,colors,sizes,ingredientsorflavorsofanexistingp
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