SWOT ANALYSIS – are internal and external ADVENTURE APPEAL
factors that affect a business. It is a strategic POPULARITY APPEAL
planning tool to evaluate the strengths, MUCIAL APPEAL weaknesses, opportunities, and threats EMPHATY APPEAL associated with a business venture in pursuit of POTENTIAL APPEAL an objective or goal. BRAND APPEAL
Marketing Mix RATIONAL CATEGORY
PRODUCT - refers to any goods or PAIN SOLUTION
services that are produced to meet the SCARCITY APPEAL customers’ needs. STATISTICS APPEAL PLACE - represents the location where TESTIMONIAL APPEAL the buyer and seller exchange goods or CONTRASTING APPEAL services. STATUS APPEAL PRICE - the value of money in exchange TARNSPARENT APPEAL for a product or service. BEAUTY APPEAL PROMOTION - refers to the complete NATURAL APPEAL set of activities, which communicate the product to the customers. SOURCES OF CAPITAL PEOPLE - refers to anyone who comes FORMAL SOURCE - sourcing or contact with you customers. borrowing funds from organizations PACKAGING - refers to the outside duly authorized by the government appearance of a product. INFORMAL SOURCE - these include the POSITIONING - refers to a process used entrepreneur’s parents, brothers, siters, by marketers to create an image in the relatives, friends, suppliers, and other minds of a target market. fund providers outside the financial system. WAYS TO PROMOTE YOUR BUSINESS TYPES OF CAPITAL PUBLIC RELATIONS - the management of communications about a product to SHORT-TERM LOAN - borrowed funds influence public perception. from short term creditors to be paid for SOCIAL MEDIA – promoting businesses less than 1 year. through the use of social media INTERMEDIATE TERM LOAN - provides platforms like fb, twitter, etc. capital for periods of one to five years EMAIL MARKETING - a form of direct and is paid in monthly installments from marketing that uses email to promote a company's cash flow. your business. LONG TERM LOAN - borrowings having a PROMOTIONAL VIDEO - is a business duration of more than five years. video with the intent to promote your 1. MORTGAGE - the bank or financial products and services to customers. institutions where you borrowed money POINT OF PURCHASE - is the area of a can use your property as collateral. store which is planned and designed to 2. BONDS - a form of indebtedness capture the attention of potential which promises a fixed amount of buyers. interest to the bond holders upon maturity of the loan. ADVERTISING APPEALS EQUITY CAPITAL - entrepreneurs can obtain equity by reinvesting the profit EMOTIONAL CATEGORY and the business, investing more of PERSONAL APPEAL their funds, or taking people who are SOCIAL APPEAL willing to risk their money into their FEAR APPEAL business. HUMOR APPEAL ENDORSEMENT APPEAL SEXUAL APPEAL ROMANTIC APPEAL YOUTH APPEAL THE RIGHT TO INFORMATION - the right to MARKUP - difference between the cost of the item be protected against fraudulent/dishonest and its selling price. or misleading advertising, labelling, promotion, and the right to be given the COST PRICE - amount of money that is spent to facts and information needed to make an produce goods or services before any profit is informed choice. added. THE RIGHT TO CHOOSE - the right to choose products at competitive prices with an SELLING PRICE - amount of money a buyer pays for assurance of satisfactory quality. a good or service. THE RIGHT TO REPRESENTATION - the right to express consumer interests in the making INITIAL MARKUP – difference between the original and execution of government policies. price and the cost whether an item was sold or THE RIGHT TO REDRESS - the right to be unsold. compensated for misrepresentation, shoddy goods or unsatisfactory services. MAINTAINED MARKUP – difference between the THE RIGHT TO CONSUMER EDUCATION - actual selling price and the cost after an item was the right to acquire the knowledge and skills sold. necessary to be an informed consumer. THE RIGHT TO A HEALTHY ENVIRONMENT - MARKDOWN – difference between the original the right to live and work in an environment selling price and the new selling price. which is neither threatening nor dangerous, and which permits a life of dignity and well- being. BASIC OR GENERAL FORMULAS CONSUMER RESPONSIBILITIES SP = MU + C MU = S – C CRITICAL AWARENESS - responsibility to be C = S – MU more alert and questioning about the use and the price and quality of goods MARKUP ON SELLING PRICE and services we use. ACTION - responsibility to assert ourselves MU = R x S and act to ensure that we get a fair deal. R = M / S x 100 SOCIAL CONCERN - responsibility to be SP = M / R aware of the impact of our consumption on other citizens, especially the poor. MARKUP ON COST ENVIRONMENTAL AWARENESS - responsibility to understand the MU = R x C environmental consequences of our R = M / C x 100 consumption. C=M/R SOLIDARITY - responsibility to organize together as consumers to develop the MARKDOWN strength and influence to promote and protect our interests. Md = OSP – NSP Md = OSP – MdR NSP = OSP – Md MdR = Md / OSP x 100
CONSUMER RIGHTS AND RESPONSIBILITIES
RA NO. 7394 – Consumer Act of the Philippines
CONSUMER RIGHTS
THE RIGHT TO BASIC NEEDS – the right to
buy cheap and quality products like clothing, food, a neat house, education, sanitation, and any other basic needs we have. THE RIGHT TO SAFETY - the right to be protected against the marketing of goods or the provision of services that are hazardous to health and life.