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Lecture Business (4/e): Chapter 12 - Ferrell, Hirt, Ferrell

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Chapter 12 - Dimensions of marketing strategy. Learning objectives of this chapter include: Describe the role of product in the marketing mix, including how products are developed, classified, and identified; define price and discuss its importance in the marketing mix, including various pricing strategies a firm might employ; identify factors affecting distribution decisions, such as marketing channels and intensity of market coverage;...

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Part 5

Marketing: Developing Relationships

© 2015 McGraw­Hill Education.

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CHAPTER 11 Customer-Driven Marketing

CHAPTER 13 Digital Marketing and Social Networking

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Learning Objectives

including how products are developed, classified, and identified

marketing mix, including various pricing strategies a firm might employ

as marketing channels and intensity of market

coverage

as promotional strategies and promotional positioning

12-3

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Product Strategy

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Product Strategy

Products are classified as consumer or business products

§ Consumer products are products intended for

household or family use

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Product Strategy

Marketers focus on

making consumers

aware of the product

and its benefits

The firm tries to strengthen its market position

by emphasizing benefits

Severe competition and heavy costs

Firms may eliminate models, cut costs and finally phase out products

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Product Strategy

12-7

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Product Strategy

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Pricing Strategy

12-9

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Distribution Strategy

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Distribution Strategy

12-11

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Promotion Strategy

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Promotion Strategy

12-13

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Promotion Strategy

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Promotion Strategy

12-15

Promotional positioning uses promotion to create and maintain an image of a product

in buyers’ minds

Push Strategy

Pull Strategy

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