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Introduction to LC material Consumer Behaviour

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Presentation on theme: "Introduction to LC material Consumer Behaviour"— Presentation transcript:

1 Introduction to LC material Consumer Behaviour
TY Marketing Introduction to LC material Consumer Behaviour

2 Introduction What is Marketing?
Marketing starts before the product or service has been developed, by trying to find out what the customer wants, then getting it to the market. What is Market Segmentation? Dividing consumers into different categories. How do Pepsi advertise to men? And to women? What is a Niche Market? A specific gap in the market for a new product or service.

3 Product Positioning Creating an image for a product in the mind of the consumers in the target market. Marketing Mix: Product, Price, Promotion, Place

4 Product: Guinness DESIGN: Harp – Irish. “the black stuff” QUALITY – two part pour, quality team BRANDING – Merchandise, Irish, PACKAGING – Can, Pint, Bottle PRODUCT LIFE CYCLE – Arthur’s Day!!!

5 Price Psychological Pricing €9.99
Premium Pricing – associated with quality Price Skimming – pharmaceuticals Penetration Pricing – new entrant, e.g. Airtricity, meteor

6 Promotion Refers to all the efforts (excluding price) made by the seller to communicate and influence the target market to buy a product. Advertising – Informative, Reminder Persuasive Generic Advertising What is the point of this ad? Sales Promotion Direct Selling Public Relations

7 Place Channels of Distribution – How does the product get from the producer to the consumer? Where Can Consumers buy the product or service?

8 Bulmers http://www.youtube.com/watch?v=ERsSxtjKkHw&feature=related


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