Professional Documents
Culture Documents
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Product
Promotion
Distribution
Product
Promotion
Distribution
Questions
What is a product? What is not a product? What are the basic product concepts? Vocabulary? What are some of the basic tools marketers use to help them work with products?
What is a PRODUCT?
Anything received in an exchange to satisfy a need or want
What Is a Product?
A good, a service, or an idea received in an exchange It can be tangible (a good) or intangible (a service or an idea) or a combination of both. It can include functional, social, and psychological utilities or benefits.
Business Products
Installations--Facilities and non-portable major equipment Accessory Equipment--used in production or office
activities
Raw Materials--Basic natural materials Component Parts--become part of a product Process Materials--not readily identifiable when used directly
in the production of other products (e.g. screws, knobs, handles)
Product Concepts
A Product Item is a specific version of a product (e.g. Gillette Trac II razor) A Product Line is a group of closely related product items viewed as a unit because of marketing, technical, or enduse considerations (e.g. all blades & razors) Product Mix is the total set of products a firm offers for sale to customers (e.g. everything Gillette sells) Product mix dimensions:
Width --the number of product lines in the mix Depth --average number of product items in each product line
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Years
10 16 11 13 12 18 11 5-10
Dishwasher Freezer Microwave Dryer/washer Gas water heater Furnace(gas or oil) Carpeting Paint,interior
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Source: Reprinted with permission of The Free Press, a Division of Simon & Schuster, Inc., from Diffusion of Innovations, Fourth Edition Excerpt from Diffusion of Innovations, Fourth1995, by Everett M. Rogers. Reprinted with permission of The Free Press, a by Everett M. Rogers. Copyright edition by Everett M. Rogers. division of Simon 1962, 1971, 1983 by The Free Press Rogers. Copyright 1962, 1971, 1983, by The Free Press. Copyright & Schuster, Inc. Copyright 2005 by Everett M.
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Questions
What is a product? What is not a product? What are the basic product concepts? Vocabulary? What are some of the basic tools marketers use to help them work with products?
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