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Products & Services for Consumers

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Presentation on theme: "Products & Services for Consumers"— Presentation transcript:

1 Products & Services for Consumers
Chapter 12

2 Quality Market-perceived Quality Performance Quality Homologation
Green Marketing Packaging concerns

3 Products What is a “Product”? Physical Psychological

4 Products Innovative Products & Adaptation Diffusion of Innovation
Degree of newness Innovation Product diffusion Diffusion of Innovation Three variables

5 Analyzing Product Components for Adaptation
Product Component Model Core component- Physical product Product platform Design features Functional features

6 Analyzing Product Components for Adaptation
Packaging component Trademark Brand name Legal Price Quality Package Styling

7 Analyzing Product Components for Adaptation
Support services component Repair & maintenance Installation Instructions Other services Deliveries Warranty Spare parts Legal

8 Marketing Services 4 characteristics Opportunities Intangible
Inseparable Heterogeneity (Inconsistency) Perishable (Inventory) Opportunities Tourism

9 Marketing Services Barriers to Entering Global Markets for Services
Protectionism Restrictions on data flows Protection of intellectual property Cultural barriers and adaptation

10 Brands in International MKT
Global brands McDonald’s, Coca-Cola Brand image Problems National brands

11 Brands in International MKT
Country-of-Origin Effect Which is “best”? Private Brands Advantages

12


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