Академический Документы
Профессиональный Документы
Культура Документы
Marketing is everything you do to place your products or services in the hands of potential
customers.
2. What is Product ?
Convenience Products.
Shopping Products.
Specialty Products.
4. Convenience Products ?
Convenience Products are bought with ease, and without consuming goods. Eg. Milk,
Vegetables .
5. Shopping Products ?
Shopping Products are Purchased only when the consumer considers factors like price,
Quality and Style and visits several outlets before deciding to buy. Eg. Clothing.
6. Specialty products?
Specialty products are those products for which there are no reasonable substitutes.
Consumers take lot of pain to buy these Products. Eg. Prestigious Cars.
7. Product Management?
Product Management consists the whole range of activities pertaining to Product planning
and management. It is now extended to brand building and management.
8. Product line?
9. Product Mix?
Product mix consists of all the individual products available through the organization.
Product mix may have several lines , styles and sizes.
10. Positioning?
Positioning is the way we are placed in the mind of the consumers with respect to the
competition. Eg. Axe deo is made by HUL but most people think that it is foreign brand.
A Market Leader is a firm with the largest market share. Eg. Colgate(toothpaste)
A company which next stands to the Market Leader in terms of market share is called
Market Challenger. Eg. Coke and Pepsi.
Market Follower has a less market share than the market challenger and tries to maintain its
share.
Market nichers are firms selling to small but specialized market segments. Eg. A Publisher
Publishing computer books only.
15. Steps in New Product Development Process?
IDEA GENERATION
IDEA EVALUATION
BUSINESS ANALYSIS
PRODUCT DEVELOPMENT
TEST MARKETING
LIMITED PRODUCTION
COMMERCIALISATION
A perceptual Map is a spatial representation of the perceptions about the brands on the parts
of different individuals.
Perceptual mapping is the technique to represent what people think about product or
services, people or ideas.
Brand is defined as a name, term, sign or symbol or special design. A brand differentiates
these products from those of competitors.
It should be distinctive.
It should be suggestive.
It should be appropriate.
Sometimes the brand becomes so popular that it no longer remains a brand name and it is
associated with our daily life. Eg. Dalda is a brand name commonly used for any vanaspati
ghee.
Just like human beings have Personality Marketers try to make the Personality of the brands
to target the customer. Eg. Motorbikes are masculine where mopeds are feminine.
Brand Positioning is an act of occupying the mind space of consumer. It tells us what is the
brand all about. A good Positioning statement quickly introduces us to the company and its
products and its relevance to us.
23. Repositioning?
Due to change in technologies and competition in the market, Companies change Brand
Position over a Period of time, Sometimes it changed deliberately. It is called repositioning.
Brand Equity is the process of Brand Building. It represents ‘the total accumulated value or
worth of brand’. Eg. Wills Filter cigarettes which has a heritage of more than three decades.
Brand Loyalty means to retain our existing customers on continuous basis. It gives us a
stable and growing market share. It is less costly to do so to than to attract new customers. It
can be enhanced by creating brand Awareness.
Lux Colgate
Rin Dettol
Coca-Cola Pepsi
Ponds Pepsodent
Close Up SBI.
Brands are not made in one day, They are developed over a period of time. It is a continuous
process.
Product Development
Brand Development
Brand Consolidation
Brand Extension
Brand Extension occurs when firms enter markets they had not previously present. Eg.
Dettol antiseptic’s extension to Dettol Beauty Soaps.
Line Extension
Vertical Extension
Horizontal Extension
35. Packaging?
It is an art, science and technology of preparing goods for transport and sale.
The behavioral which is related to the art of product design which is so closely linked to
consumer motivation and buying behavior.
Functions of Packaging ?
Protection’
It appeals
It is cost effective.
Market Segmentation ?
Market Segmentation is the Process of dividing a market into subsets of consumers with
common needs or characteristics and selecting one or more segments to target with a distinct
marketing mix.
Marketing Mix?
Marketing mix consists of a company services and or product offerings to consumers and
methods and tools it selects to accomplish the exchange.
Marketers are offering more products and services than ever before.
Exchange between marketers and customers are increasingly interactive and instantaneous.
It requires that all marketers adheres to the principal of social responsibility in the marketing
of their goods and services; i.e. they try to satisfy the needs and wants of their target markets
in the way that preserve and well being of consumers and society as a whole. Eg. Fast food
companies should develop foods that contain less fat and more nutrients.
40. Motivation?
Motivation is the driving force within the individuals that drive them to do action. This
driving force is produced by state of tension, which exists as the results of an unfulfilled
need.
Innate needs.
Acquired needs.
42. Innate needs?
Innate needs are psychological needs that is they include the needs of food, air and water.
These are also called as Primary needs.
Acquired needs include the needs of self esteem, Prestige, power and affection. They are
also called as secondary needs.
44. Stimulus?
A Stimulus is any unit of input to any of the senses. Eg. of Stimuli include products,
packages and brand names. Sensory receptors are the organs ( eyes, ears, nose ,mouth and
skin)
45. Sensation?
Sensation is the immediate and direct response of the sensory organs to the stimuli.
The lowest level at which an individual experience a sensation is called absolute threshold.
The minimal difference that can be detected between two similar stimuli is called
differential threshold or just noticeable difference.