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Lesson Objectives All students will understand

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Presentation on theme: "Lesson Objectives All students will understand"— Presentation transcript:

1 Lesson Objectives All students will understand
The importance of non-price strategies for businesses Most students will understand The different methods of non-price competition Some students will understand Devise appropriate strategies in different contexts

2 Starter Discussion points pg 35

3 Non - Price strategies Product differentiation
Making the product stand out from the rivals Can lead to better brand loyalty Could make product less price elastic

4 Non - Price strategies Promotion Advertising Sales Offers Digital
E.g. BOGOF Digital Sponsorship Direct sales Targeted, usually to existing customers or those likely to be interested Public Relations Packaging

5 Effect of successful marketing
Is it just more sales?

6 Figure 8.1 pg36

7 Non - Price strategies Distribution methods
Can you think of examples? What are pros and cons of each?

8 Choosing appropriate approaches
Increasingly marketing decisions are guided by a mass of “big data” High volume, high velocity and high variety information that combines with cost-effective, innovative information processing for better insight and decision making Examples pg 39

9 Plenary Exam style questions pg 39


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