165x Filetype PPTX File size 0.67 MB Source: www.rea.ru
Product Four key factors 1) Features Features are characteristics of a product that offer benefits to customer. Feature Benefit Screen size Allows for more distant viewing Screen resolution Clear, more realistic picture Surround sound Enhanced sensory experience 2) Branding Branding involves establishing and identity for a product with the goal of distinguishing it from competitors offerings. This is essential in markets where products are similar and competition is fierce. 3) Packaging It protects the product during shipping and handling. It is the last chance of manufactures to seduce the customer. 4) Labelling It provides information to aid a purchase decision. For many products (e.g. food, pharmaceuticals) there are legal requirements for the label relating to the listing ingredients, nutritional information and instructions for use Place (distribution) Distribution channels: 1) Resellers (purchase products and sell them to others) 2) Intermediaries (they bring buyer and suppliers together) 3) Logistics companies Direct distribution: 1) Direct marketing (the customer places order in company’s website or catalogue) 2) Direct retail (when company operates its own retail outlets) 3) Personal selling (where salesperson takes order and arranger the delivery)
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