Product concepts презентация

Содержание

Learning Outcomes LO1 LO2 LO3 Define the term product Classify consumer products Discuss the importance of services to the economy Discuss the differences between services and goods

Слайд 1Chapter 10: Product Concepts

Prepared by David Ferrell, B-books, Ltd.

Designed by Eric

Brengle, B-books, Ltd.

Copyright 2012 by Cengage Learning Inc. All Rights Reserved


Слайд 2Learning Outcomes
LO1
LO2
LO3

Define the term product

Classify consumer products
Discuss the importance of services

to the economy

Discuss the differences between services and goods

LO4

Copyright 2012 by Cengage Learning Inc. All Rights Reserved


Слайд 3Learning Outcomes
Define the terms product item, product line, and product

mix

Describe marketing uses of branding

Describe marketing uses of packaging and labeling
Discuss global issues in branding and packaging
Describe how and why product warranties are important marketing tools

LO5

LO6

LO7

LO9

LO8

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Слайд 4What Is a Product?
Define the term product.

LO1
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Inc. All Rights Reserved

Слайд 5What Is a Product?
Everything, both favorable
and unfavorable, that a
person

receives in an exchange.

Tangible Good
Service
Idea

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Слайд 6What Is a Product?
Product is the starting point of Marketing Mix
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Слайд 7Review Learning Outcome
LO1
Define the Term Product
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Слайд 8Types of Consumer Products
Classify consumer products.
LO2
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Слайд 9Types of Products
Business Product - A product
used to manufacture other
goods

or services, to facilitate
an organizations operations, or
to resell to other consumers.

Consumer Product - A product
bought to satisfy an individual’s
personal needs or wants.

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Слайд 10Types of Consumer Products
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Слайд 11Types of Consumer Products
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Слайд 12Review Learning Outcome
LO2
Consumer Products
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Слайд 13The Importance of Services
Discuss the importance of
services to the economy.

LO3
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Слайд 14Service
The result of applying human or
mechanical efforts to
people or

objects.

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Слайд 15Review Learning Outcome The Importance of Services
LO3
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Слайд 16How Services Differ from Goods
Discuss the differences between
services and goods.

LO4
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Слайд 17How Services Differ from Goods



Four Unique Service Characteristics

Intangibility
Inseparability
Heterogeneity
Perishability
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Слайд 18How Services Differ from Goods
Search Qualities
Experience Qualities
Credence Qualities



Intangibility
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Learning Inc. All Rights Reserved

Слайд 19Review Learning Outcome The Difference Between Services and Goods
LO4
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Learning Inc. All Rights Reserved

Слайд 20Product Items, Lines, and Mixes
Define the terms product item,
product line,

and product mix.

LO5

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Слайд 21Product Items, Lines, and Mixes
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Слайд 22Campbell’s Product Lines and Mix
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Source: Campbell’s Web site: http://www.campbellsoup.com, June 10, 2008.


Слайд 23Benefits of Product Lines
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Слайд 24Product Mix Width
The number of product lines
an organization offers.

Diversifies

risk
Capitalizes on established
reputations

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Слайд 25Product Line Depth
The number of product items in a product line.

Attracts

buyers with different preferences
Increases sales/profits by further market
segmentation
Capitalizes on economies of scale
Evens out on seasonal sales patterns

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Слайд 26Adjustments
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Слайд 27Types of Product Modifications
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Слайд 28Planned Obsolescence
The practice of modifying
products so those that have
already

been sold become
obsolete before they actually
need replacement.

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Слайд 29Repositioning
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Слайд 30Product Line Extension
Adding additional products to an
existing product line in

order
to complete more broadly
in the industry.

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Слайд 31Product Line Contraction
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Слайд 32Review Learning Outcome Product Item, Product Line, and Product Mix
LO5
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Слайд 33Branding
Describe marketing uses of branding.

LO6
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Слайд 34Brand
A name, term, symbol, design,
or combination thereof that
identifies a seller’s

products
and differentiates them
from competitors’ products.

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Слайд 35Branding
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Слайд 36Benefits of Branding
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Слайд 37Top Ten Global Brands
Source: Reprinted from the September 29, 2008, issue

of Business Week by special permission, copyright © 2007 by The McGraw-Hill Companies, Inc.

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Слайд 38Branding Strategies
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Слайд 39Manufacturers’ Brands Versus Private Brands
Manufacturer’s Brand- The brand
name of manufacturer.

Private Brand- A

brand name
owned by a wholesaler or a
retailer. Also known as private
label or store brand.

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Слайд 40Advantages of Manufacturers’ Brands
Heavy consumer ads by manufacturers
Attract new customers
Enhance dealer’s

prestige
Rapid delivery, carry less inventory
If dealer carries poor quality brand, customer may simply switch brands and remain loyal to dealer

Copyright 2012 by Cengage Learning Inc. All Rights Reserved


Слайд 41Advantages of Private Brands
Earn higher profits on own brand
Less pressure to

mark down price
Manufacturer can become a direct competitor or drop a brand/reseller
Ties customer to wholesaler or retailer
Wholesalers and retailers have no control over the intensity of distribution of manufacturers’ brands

Copyright 2012 by Cengage Learning Inc. All Rights Reserved


Слайд 42Individual Brands Versus Family Brands
Individual Brand- Using different
brand names for different
products.

Family

Brand- Marketing several
different products under the
same brand name.

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Слайд 43Cobranding
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Слайд 44Trademarks

Many parts of a brand and associated symbols qualify for trademark

protection.
Trademark right comes from use rather than registration.
The mark has to be continuously protected.
Rights continue for as long as the mark is used.
Trademark law applies to the online world.

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Слайд 45Review Learning Outcome Marketing Uses of Branding
LO6
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Слайд 46Packaging
Describe marketing uses of
packaging and labeling.

LO7
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Inc. All Rights Reserved

Слайд 47Functions of Packaging
Contain and Protect
Promote
Facilitate Storage, Use,
and Convenience
Facilitate Recycling
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Слайд 48Labeling
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Слайд 49Universal Product Codes
Universal Product Codes (UPCs)-
A series of thick and

thin vertical
lines (bar codes),
readable by computerized optical
scanners, that represent numbers
used to track products.

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Слайд 50Review Learning Outcome Packaging and Labeling
LO7
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Rights Reserved

Слайд 51Global Issues in Branding and Packaging
Discuss global issues in branding and

packaging.

LO8

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Слайд 52Global Issues in Branding

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Слайд 53Global Issues in Packaging
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Слайд 54Review Learning Outcome Global Issues in Branding and Packaging
LO8
Copyright 2012 by Cengage

Learning Inc. All Rights Reserved

Слайд 55Product Warranties
Describe how and why product
warranties are important
marketing tools.

LO9
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Слайд 56Product Warranties
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Слайд 57Review Learning Outcome Product Warranties
LO9
Express warranty = written guarantee

Implied warranty = unwritten guarantee



Copyright 2012 by Cengage

Learning Inc. All Rights Reserved

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