12-1 Chapter Questions How can products be classified? How can companies differentiate products? How can a company build and manage its product mix and.

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Presentation transcript:

12-1 Chapter Questions How can products be classified? How can companies differentiate products? How can a company build and manage its product mix and product lines? How can companies use packaging, labeling, warranties, and guarantees as marketing tools?

12-2 Products

12-3 Products versus services

12-4 Durability and Tangibility Durable goods Services Non-durable goods

12-5

12-6 Product Differentiation Product form Features Performance Conformance Durability Reliability Reparability Style Design Ordering ease Delivery Installation Customer training Customer consulting Maintenance

12-7 Design Differentiation

12-8 Design Differentiation

12-9 Maintenance and Repair

12-10 Line Stretching Down-Market Stretch Up-Market Stretch Two-Way Stretch

12-11 Line Filling

12-12 Proctor & Gamble

12-13 Packaging: The 5 th P? All the activities of designing and producing the container for a product.

12-14 Packaging is influenced by… Self-service Consumer affluence Company/brand image Innovation opportunity

12-15 Innovative Packaging

12-16 Innovative Packaging?

12-17 Innovative Packaging?

12-18 Functions of Labels Identifies Grades Describes Promotes

12-19 Identifies?

12-20 Identifies?

12-21 Grades?

12-22 Warranties and Guarantees

12-23 Example 2004 Hyundai Accent GT Hatchback © Robert C. Bowden Two things might tilt a frugal buyer toward the 2004 Hyundai Accent GT and away from similarly priced competitors: the longest warranty on any subcompact car, and standard side air bags. No competitor offers these and both are invaluable to buyers…. Bottom line: If you only have $10,000 to spend on a new car, the 2004 Hyundai Accent deserves serious consideration. If you can find better transportation value with four wheels and a roof, buy it.

12-24 Marketing Discussion How could a competitor best differentiate itself from Toyota?