- •Corporate objectives need to be smart. Why do they need to be smart and what it means is explained bellow.
- •Realistic objectives
- •Understanding and keeping ahead of competition
- •It wasn’t a completely new product though.
- •The need to be innovative and enterprising when identifying opportunities in the market place
- •Communicating effectively with consumers to satisfy their expectations
- •Dealing with internal and external constraints that may hamper marketing activities
- •Marketing Mix
- •Product
- •Promotion
- •Increasing sales and profits
- •Disadvantages:
- •It’s cheaper to advertise on the radio
- •It is expensive, but costs less than advertising on tv.
- •Disadvantages:
- •Disadvantages:
- •Disadvantages:
- •Disadvantages:
- •Below-the-line promotion
- •One level channel
- •Two level channel
- •Three level channel
- •It is more profitable to sell direct to the customer though, because it allows businesses to save the costs of supplying their products to the retailers or wholesalers.
- •Business Organisation. (Functional areas of the business, roles, responsibilities of the departments and marketing objectives.)
- •Corporate objectives
- •Marketing objectives of Apple
- •Marketing Mix
- •IPod (musical digital player)
- •Segmentation
- •Branding
- •Product features and attributes
- •Apple Sells Record Number of Macs for q4 2007
- •Is currently successfully diversifying into digital players’ market.
- •Weaknesses
- •Opportunities
- •Threats
- •Respondents
- •Apple Questionnaire
- •Economic
- •Technological
- •Focus Group
- •How Focus Group should be organised.
- •Advert No.1
- •Advert No.2
- •Advert No.3
- •Advert No.4
Promotion
Promotion is also a part of the marketing mix and is basically shows how different businesses make their customers aware of their products and persuade them to buy their products by advertising them in media. Businesses also have promotional objectives, which include:
Making the customers aware, that their products exist
Create or change the brand and product image or make them popular
Increasing sales and profits
Becoming more competitive in promotion than competitors (bigger promotion campaigns more advertising in media and etc.)
The key in Promotion is to grab consumers’ attention and make them interested in your product. In order to this, businesses use above-the-line and below-the-line methods of promotion.
Above-the-line promotion involves advertising products to the public by using various media, examples of which are given bellow:
Using Television
Advantages:
Allows targeting particular groups of people by advertising products in particular programs. For example, car producers might advertise their cars in the TV programs about the cars
People can see the logo- which makes the product, company or brand recognizable
Attracting customers’ attention by the use of colours, funny pictures, videos and etc.-grabs people’s attention
Businesses can demonstrate products in use and show how useful, necessary or desirable the products are.
There can be millions of people watching the advert. Therefore, an advert can reach a vast audience.
If the businesses continuously advertise their products few times a day during a certain period of time, then the message, which businesses are trying to send to the customers might be reinforced. People eventually become aware of the product, because they see an advert every day, which makes them more likely to go, buy and try the product and see whether they like it or not.
Businesses can also use celebrities in their TV adverts, in order to grab people’s attention.
Some advertisements of addictive or desirable products, like food can make you want to buy it. For example, Marks & Spencer and ASDA advertise food on the TV in the very delicious way in order to make their audience hungry. When brewing companies advertise drinks, like beers or even products like Coca Cola, they are trying to make their audience feel thirsty.
Even though the initial costs of TV advertising are relatively expensive, it can pay the businesses back, if it turns out to be very effective. Also, after the businesses have advertised their products and made people aware of their products, they don’t necessarily need to advertise as often as they used to, so they can decrease the costs of advertising.
Disadvantages:
Businesses can only advertise the products on local or national channels like SKY, but not BBC
Expensive initial costs of advertising. E.g. only relatively big companies with big budgets can afford to advertise their products on TV.
The live cycle of the message depends, how often the business advertises it on a TV.
Some consumers don’t watch commercials, because e.g. they want to have a break, see what other programs are on the TV, or they just don’t want to watch it.
For businesses which produce high-tech products, it is more difficult to explain technical information about the functions of the product. Only a limited amount of information can be shown. Businesses pay for the time on TV which costs a lot of money. Also, if they tell too much of technical information, the consumers might not be able to remember it and it will lead to high costs, as it takes longer to explain them on TV.
Businesses need to be very careful when advertising on TV. Some people can remember the advert or the catch phrase used in the advert, but cannot remember the name of the brand or product.
Using Radio
Advantages: