THP 500 Lecture Notes - Lecture 6: Intangible Asset, Living Wage, Marketing Mix

51 views4 pages

Document Summary

Mirvish people recognize the brand, and will use their preconceived ideas about it to decide whether they will buy: less established brands are easily ignored because people will not know you. What is a brand: an identity, a construct you create in a consumer"s mind. Sleek: needs to be managed, you want consumers to think of you positively, however, there can be negative things that go against your brand. The marketing mix (7 ps: price, brand perception can have a huge impact on price. If you are a luxury brand, you can bump the price up (ie. tiffany ring is ,000) The marketing process: awareness, how you get people to pay attention to you, getting your brand out there, be memorable make them feel something! Advertising: evaluation, tracking how your awareness tactics are working on your target market. Adtracking software: purchase, how your target market can access your product to buy it, usage.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions