Results (
Thai) 1:
[Copy]Copied!
Product DecisionsThe term "product" refers to tangible, physical products as well as services. Here are some examples of the product decisions to be made:Brand nameFunctionalityStylingQualitySafetyPackagingRepairs and SupportWarrantyAccessories and servicesPrice DecisionsSome examples of pricing decisions to be made include:Pricing strategy (skim, penetration, etc.)Suggested retail priceVolume discounts and wholesale pricingCash and early payment discountsSeasonal pricingBundlingPrice flexibilityPrice discriminationDistribution (Place) DecisionsDistribution is about getting the products to the customer. Some examples of distribution decisions include:Distribution channelsMarket coverage (inclusive, selective, or exclusive distribution)Specific channel membersInventory managementWarehousingDistribution centersOrder processingTransportationReverse logisticsPromotion DecisionsIn the context of the marketing mix, promotion represents the various aspects of marketing communication, that is, the communication of information about the product with the goal of generating a positive customer response. Marketing communication decisions include:Promotional strategy (push, pull, etc.)AdvertisingPersonal selling & sales forceSales promotionsPublic relations & publicityMarketing communications budgetLimitations of the Marketing Mix FrameworkThe marketing mix framework was particularly useful in the early days of the marketing concept when physical products represented a larger portion of the economy. Today, with marketing more integrated into organizations and with a wider variety of products and markets, some authors have attempted to extend its
Being translated, please wait..
