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mark 6.docx

3 Pages

Course Code
MRKT 354
Greg Libitz

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Creating customer value through packaging and labelling marketers create value through packaging in three ways: 1. communication benefits. the information communicated on packages is one benefit. 2. functional benefits. packages play a functional role (convenience, storage, protection). 3. perceptual benefits. packages also help create impressions in the consumer's mind. chapter 10 the variations of products product line and product mix a product is a good, service, or idea consisting of a tangible and intangible attributes that satisfies consumers and is received in exchange for money or some other unit of value. a product line is a group of products that are closely related because they satisfy a class of need, are used together, are sold to same customer group, are distributed through the same type of outlets, and fall within a given price range. companies also consider each product item, specific product, and product mix (the number of product lines offered by a company). classifying products type of user is another product classification consisting of either consumer or industrial goods. consumer goods are products purchased by the ultimate consumer. business goods are products used in the production of other products for ultimate consumers. degree of tangibility is one way to classify products, that is, whether they are durable or non- durable goods. services are activities, satisfactions, or benefits offered for sale. services and new-product development: developing new services, like a new ariline or a new t.v. show is difficult to observe step by step but service innovation has a great impact on our lives. classifying consumer and business goods classification of consumer goods convenience, shopping, specialty, and unsought goods are four types of consumer goods. convenience goods are purchased frequently with minimum shopping effort, while consumers compare shopping goods on several attributes. specialty goods are items for which the consumer makes a special effort. unsought goods are those products which the consumer either does not know about or knows about but does not initially want. the classification of a consumer good can change as a function of individual needs, income, or desires. classification of business goods a major aspect of business goods is that sales are often derived from the sales of consumer goods (derived demand). production goods become part of the final product. support goods are purchased to assist in the production of the final product. installations are buildings and fixed equipment. accessory equipment includes tools and office equipment. supplies are items like stationery and brooms. services are intangible activities to assi
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