Académique Documents
Professionnel Documents
Culture Documents
What is a Product?
A Product is anything that can be offered to a market for attention, acquisition, use, or consumption and that might satisfy a want or need. Includes:
Physical Objects Services Events Persons Places Organizations Ideas Combinations of the above
What is a Service?
A Service is a form of product that consist of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything. Examples include:
Pure Service
Soap
Auto With Airline Trip Accompanying Restaurant With Doctors Repair Accompanying Exam Services Snacks
Features
Design
AfterSale Service
Shopping Products
Buy less frequently
Low priced Mass advertising Many purchase locations i.e Candy, newspapers
Higher price Fewer purchase locations Comparison shop i.e Clothing, cars, appliances
Specialty Products
Special purchase efforts
Unsought Products
New innovations
High price Unique characteristics Brand identification Few purchase locations i.e Lamborghini, Rolex
Products consumers dont want to think about these products Require much advertising & personal selling i.e Life insurance, blood donation
6
Organizations - Profit (businesses) and nonprofit (schools and churches). Persons Politicians, entertainers, sports figures, doctors and lawyers. Places - Business sites and tourism. Ideas (social ideas marketing) public health campaigns, environmental campaigns, and others such as family planning, or human rights. 8
Place Marketing:
Va cation spots are the subject of most place marketing
Cli ck orp ress space bar to r et u rn.
Packaging
Product Support Services
9
Product Attributes
Developing a Product or Service Involves Defining the Benefits that it Will Offer Such as:
Product Quality
Product Features Product Style & Design Ability of a Product to Perform Its Functions; Includes Level & Consistency Help to Differentiate the Product from Those of the Competition Process of Designing a Products Style & Function
10
Branding
Consistency Quality & Value
Attributes
Identification
Brand Sponsor
Brand Strategy
Line Extensions Brand Extensions Multibrands New Brands
12
New
13
Brand Strategy
Line Extension
Existing brand names extended to new forms, sizes, and flavors of an existing product category.
Brand Extension
Multibrands
New Brands
Discussion Connections
List as many specific examples as you can find of each of the following:
Can you find a single brand that has done all of these? Pick and describe a familiar brand that has been widely extended. What are the benefits and dangers for this specific brand?
15
Packaging
Activity of designing and producing the container or wrapper for a product. Packaging used to just contain and protect the product. Packing now has promotional value and marketers should:
Establish a packaging concept, Develop specific elements of the package, Tie together elements to support the positioning and marketing strategy.
16
Labeling
Printed information appearing on or with the package. Performs several functions:
Identifies product or brand Describes several things about the product Promotes the product through attractive graphics.
17
Stretching
Lengthen beyond current range
Filling
Lengthen within current range
Consistency
Length - total number of items in product lines Depth - number of versions of each product
20
Discussion Connections
Using P&Gs Web site (www.pg.com) , its annual report, or other sources, develop a list of all the companys product lines and individual products. What surprises you about this list of products? Is P&Gs product mix consistent? What overall strategy or logic appears to have guided the development of this product mix?
21
Inseparability Variability
Perishability
Develop differentiated offer, delivery and image. Empower front-line employees, Become Customer obsessed, Develop high service quality standards, Watch service performance closely. Train current or new employees better, Work on quality as well as quantity, Utilize technology.
24
Service Marketers Face Special Challenges Trend Toward Global Service Companies Will Continue
25