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MM Assignment

The document discusses the distinctions between products and brands, emphasizing the importance of brand identity and consumer perception. It outlines various types of goods, including consumer and industrial goods, and highlights factors affecting purchasing decisions. Additionally, it addresses the unique characteristics of services compared to tangible goods, such as perishability and variability in quality.

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Shubham Pardeshi
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0% found this document useful (0 votes)
17 views12 pages

MM Assignment

The document discusses the distinctions between products and brands, emphasizing the importance of brand identity and consumer perception. It outlines various types of goods, including consumer and industrial goods, and highlights factors affecting purchasing decisions. Additionally, it addresses the unique characteristics of services compared to tangible goods, such as perishability and variability in quality.

Uploaded by

Shubham Pardeshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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I COUySe Seema B d ie Batch 8- 2023-25 | Division %-_B Roll No. = 231305 { i Subject 2-201 - Marketing Manag erent. 4 Fal Write hort Product Vs. Bra nal 2 Brand Product ano oaganadn deen lof others in the } YO = Li nique name dsignAlysal —or langle obol fern or feature |iteen that iS manufacture hat hes _one| ot produced or created +b $ mee} a Specific eee g ___ ‘services Frova FROSe 1) oi & = eo —______— 2 Tdentify an ept. Me lion of the c in the _rnarket place. a isi =a alae ke ak a ) a i key | | Brand nam _| bYand ad be keting | cae nent tagline , bra aaa ney area aE ripe eR a InpotlendDettrenines_usboee} KC loyalty trust and decisions: eee ati ; capital. Goods »- Too)S * machiner ; a ee cel Production nmoanoeo. nnn. 4 ConVvenjen proclucts ConVenience Speciality producks +> Unieue items With — Specific qualities. e & a C Core products *- The fundamental benefits 4 20 tee oS Viceas he | A ctual products *- The tangible features — 4 aspects L Agmented products +~ Additional features or services beyond — the basic. cae. Classification of new) New product. A on et oa) Completely new produ O w ers offen have a high degree of © Data 2 = 2. New Product fines = ee ExtenSions of _exiS ting 4+ line = offer Variqtions or additions +o : existing Oredutt Categorie & 3) Additions tn — iSti = a * en | a o_o — ieehiee a. Me at Satis fying eValVing Cusbmer © nee ds. = = cased — pnts 2 € e : Products that are_ Fepas tioned Beeelarge) Bla NeW) rociek Ch eeecrrners ee we OF fen involve changes in raat Keting or paca kag ing = ny Ne Cost Reductions = eS Porites ide similar benefits _ but at a Jower cost ss Aimed at Cost = ConScious ConSumers. PUG PESTER eee eee 6) Procluct improvements #- ns Enhancement jp oe hy WES In__terros of uality Ter perormo - | nce Typical involve jn fermented! i et | e Jd) | Brand Sauity i \ Pr 5 a = ¥ ia = equity refers fi fhe inten ide os Ey perception thet a brand cakes | a : | Key Componentt of brand veguity | Pe ae , # rt teen auereness = ce F The ex fen} do Which consume ks recognize Gnodln Teco 2 ohoirand: my AP AP GY EY BY RY BY RY RP RD ED TY Vb i ‘ a se “i * fee és « B 2)|. Brand Associations *= ts + | The menta) “Pantiections Co nsumers © make betdeen the _ br « « —____| Specific __adiributes, Value Of images. _—"s « = Perceived Quality @- « 2 % The _ Consumer: percepHons of _the . overall quality or. €xrellente Org | the brands. oducts or Services. “ x Brand Loyalty % — : j ; € ee ee Usiness cexsocrated “oth a . Poise itatar brand. : Srand personality *~ : * . | The —tunigne ad aH i aa or — trait | trarts — assocrated with the _ brand/. . , | Tt i$ essent ja) Asset Safer 00S) Sse cm influencing Consumer essentia| etre inde Choices rida Aon Canes lang term Success. = 4 ‘ ‘ ‘ PheeeeP icsmiAr nebicelm eas | Services. posess distinct character- istics 2» -thed differentiate thers from Fangible goods these : characteristics often a cleschibed= as We int Sop Ge 8 Services lack physica] forme | re Cannot or not hele]. Customer's experience _@nd__ evaluate Services _fased on “the _ bene Fit. 2) nse far abi iy the receives” Productio and Consumption of Services often acur Simutanceush, | CUS tomers _ are often tnvolvecl in the | Services _dleliver, __ Process Inconsistency (variability) Seryjces are prone to Variation in quality duet to their _clependence oO” i Forman ce = Qnd___tnferaction. “ i Bee Wy) Inventory C perishabi lity) Services Cannot: be Stored for future __Uuse they. are perisable. Dermand ind. Supply must — be balanced >in real “time

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