Presentation (2) jino.pptx about market

athulmanu6789 36 views 6 slides Jun 10, 2024
Slide 1
Slide 1 of 6
Slide 1
1
Slide 2
2
Slide 3
3
Slide 4
4
Slide 5
5
Slide 6
6

About This Presentation

Creating a marketing mix PowerPoint presentation involves detailing the key components that contribute to a successful marketing strategy. These components are often referred to as the "4 Ps" of marketing: Product, Price, Place, and Promotion. Here's a structured outline for your prese...


Slide Content

MARKETING MANAGEMENT By Jino Anto 720823208033

MARKETING MIX The marketing mix, often referred to as the 4 Ps, is a foundational model in marketing that helps businesses define their marketing strategies and make informed decisions Product : This refers to what the company is selling, including its quality, design, features, branding, and packaging. It also includes the benefits and solutions the product provides to customers. Price : This involves setting the right price for the product, which can influence customers’ purchasing decisions and the company’s profitability. Place : This pertains to how the product is distributed and where it is available for purchase. It includes the channels through which the product is sold and how it is delivered to the customer. Promotion : This encompasses all the ways a company communicates with customers to inform and persuade them about the product. It includes advertising, sales promotions, public relations, and personal selling

Buyer behaviour Buyer behavior , or consumer behavior , refers to the actions and decision-making processes of individuals or groups in purchasing and using products or services. This field combines elements from psychology, sociology, social anthropology, and economics to understand what influences the buyer’s decisions Cultural Factors:Culture : The set of basic values, perceptions, wants, and behaviors learned by a member of society from family and other important institutions. Social Factors:Reference Groups: Groups that have a direct or indirect influence on a person’s attitudes or behavior . These include family, friends, social networks, and professional associations.

Market segmentation Market segmentation involves dividing a broad consumer or business market into sub-groups of consumers based on some type of shared characteristics. Demographic Segmentation: Based on variables such as age, gender, income, education, occupation, and family size. Geographic Segmentation: Based on location such as country, region, city, or neighborhood Psychographic Segmentation: Based on lifestyle, personality traits, values, opinions, and interests Behavioral Segmentation: Based on behavior patterns like usage rate, brand loyalty, user status, and benefits sought.

New product development New product development (NPD) is a comprehensive process that involves several stages from the initial idea generation to the final product launch Idea Generation Idea screening Concept development and testing Business analysis Product development Market testing CommercialIzation Post launch evaluation

THANK YOU
Tags