product
product
product
1. From letters A to D, Choose one (1) product you want to buy. Start your statement by saying
I want to buy… Or I’m looking for… Or I need…
2. Describe the benefit you can get that can satisfy you when buying the product that you chose?
4. What are set of features that you as customer expect when you buy the product you are choosing?
5. What product variations, extra features, or services that help differentiate the product that you chose?
What organizations market?
Discussion Question
• Consider Starbucks
• What goods and services do they offer?
• How do they differentiate through experience?
• What is their core, actual and augmented product offering?
Product Classification
1. According to use: Consumer and
Industrial Goods
2. According to Differentiation:
Undifferentiated and Differentiated
Goods
3. According to durability: Consumable,
Semi-Durable, and Durable Goods
Durability refers to the length of time a consumer can derive benefit from the product or
good purchased.
• Consumable is a product whose benefit can only be used by a consumer for a short
period of time, sometimes only a few minutes. Consumables a such as food, drinks
• Semi-durables provide benefits to the consumer for a longer period of time, usually
spanning several months. Semi-durables are manufactured for long-term use by
consumer. Examples of semi-durables are clothes, shoes, belts, jackets, etc.
• Durables are products that are manufactured to last a long time. They are capable of
providing consumers with years of beneficial use. Durables are usually expensive, and
many, therefore, require an augmented product to market them effectively. Examples
of durable goods are automobiles, houses, home appliances, customer electronics,
furniture, sports equipment, and toys.
4. According to Type: Convenience,
Shopping, Specialty, and Unsought
Goods
4. According to Type: Convenience,
Shopping, Specialty, and Unsought
Goods
Other Market Offerings
• Organizations: Profit (businesses)
and nonprofit (schools, religions,
Hospitals etc.).
• Includes corporate image advertising.
Other Market Offerings
• Persons: Politicians, entertainers,
sports figures, doctors, and lawyers.
Other Market Offerings
• Places: Create,
maintain, or change
attitudes or behavior
toward particular
places
(e.g., tourism).
Other Market Offerings
• Ideas (social marketing): Public
health campaigns, environmental
campaigns, family planning, or
human rights.
ACTIVITY: Create your own product
using the Five (5) Product Levels by
Kotler Product Level Question
Product or services you can create and offer to
your customers
Core benefit of the product State the fundamental benefit that you can offer
to satisfy them
Generic product State the basic version of the product the features
necessary for it to function
Expected product State the product set of features that the
customers expect when they buy the product
Augmented product State product variations, extra features or services
that help differentiate the product from its
competitors or what made your product unique.
Individual Product Decisions
• Product attributes
• Branding
• Packaging
• Labeling
• Product support services
Product & Service
Attributes
• Product quality
• Performance quality
• Conformance quality
• Features
• Value to consumer
• Cost to company
• Style and design
• Influences experience
Branding
• Creating, maintaining,
protecting, and enhancing
products and services.
1. Coca-Cola $70.5
2. Microsoft $65.1
3. IBM $51.8
4. GE $42.3
5. Intel $31.1
6. Nokia $29.4
7. Disney $28.0
8. McDonald’s $24.7
9. Marlboro $22.2
10. Mercedes $21.4
Branding
• Advantages to buyers:
• Product identification
• Product quality
• Advantages to sellers:
• Basis for product’s quality story
• Provides legal protection
• Helps to segment markets
HULA MO PRODUKTO KO
Directions: Guess the brand name of
the following products through
pictures or remarkable lines. The first
group to answer correctly will gain a
point.
Group Activity
LET’S
PLAY!
STARBUCKS
NIKE
YAMAHA
NESTLE
INSTAGRAM
PLAY BOY
CHANEL
TIK TOK
BDO
WE FIND WAYS
SM MALLS
HARI NG PADALA
CHOOKS-TO-GO
OBJECTIVES:
Define branding.
Enumerate and briefly explain the importance of
branding.
Evaluate the branding conveyed by a famous brand
commercial
BRANDING
What is BRANDING?
https://www.indeed.com/recruitment/c/info/definition-of-branding-in-marketing
•
9 Reasons why BRANDING is important
LET’S WATCH!
QUESTION:
You will be divided into 2 groups. Answer this question
and present your output to the class. What branding
does Ritemed try to convey in that commercial?
Rubrics:
Content – 50%
Presentation – 25%
Cooperation – 25%
-----------------------------------------
Total: 100%
QUESTIONS:
What is branding?
What are the reasons why branding
is important?
Packaging
• Designing and producing the container or wrapper for a product.
Labeling
As consumers become
increasingly concerned
about cholesterol, the FDA
(Food and Drug
Administration) has
responded by requiring
food manufacturers to list
trans fat (i.e., trans fatty
acids) on the Nutrition Facts
portion of product labels,
effective 1/1/06.
Product Support Services
• Assess the value of current services and obtain ideas for new services.
• Assess the cost of providing the services.
• Put together a package of services that delights the customers and
yields profits for the company.
Product Line Decisions
• Product line length:
• The number of items in a product line.
• Adjust line length by:
• Stretching
• Downward
• Upward
• Filling
Product Mix Decisions
• Product mix:
• all of the product lines and items that a particular seller offers for
sale.
• Product mix dimensions include:
• Length: the number of items in a line.
• Width: the number of different product lines the company carries.
• Depth: the number of versions offered of each product in the line.
• Consistency: how closely related various lines are.
Major Brand Strategy
Decisions
• Brands are assets that must be carefully developed and managed via:
• Brand positioning
• Brand name selections
• Brand sponsorship
• Brand development
Brand Positioning
• Can position brands
at any of three
levels:
• Product attributes
• Product benefits
• Beliefs and values
Brand Name Selection
• Desirable qualities for a brand name include:
1.It should suggest product’s benefits and qualities. (Bonus card, Burger King…)
2.It should be easy to pronounce, recognize, and remember. (Dell, Acer, Sony …)
3.It should be distinctive.
4.It should be extendable. (Turkcell)
5.It should translate easily into foreign languages. (Nike, Sony)
6.It should be capable of registration and legal protection.
Brand Development
• Line extension:
• introduction of additional items in a given product category under the same
brand name (e.g., new flavors, forms, colors, ingredients, or package sizes)
(i.e. Doritos Alaturka)
• Brand extension:
• using a successful brand name to launch a new or modified product in a new
category. (Duru – soap and conditioner)
Marketing in Action
External marketing:
Traditional marketing via the 4 “P’s”
Internal marketing:
Effective training and motivation of customer contact employees
Interactive marketing:
Delivering interactions during the service encounter that are
satisfying to the buyer
The Service Triangle
What is Experience?