45. Mushroom marketing management , A Series of Presentation By Mr Allah Dad Khan Master Trainer in Mushroom Technology Former DG Agriculture Extension KPK , Visiting Professor the University of Agriculture Peshawar
A Series of Presentation By Mr Allah Dad Khan Master Trainer in Mushroom Technology Former DG Agriculture Extension KPK , Visiting Professor the University of Agriculture Peshawar
1. A target market is a specific group of potential customers who have similar needs, wants, and abilities to purchase a product.
2. Target marketing focuses marketing decisions on a very narrow target market. Understanding the target market makes marketing decisions easier.
3. When introducing a new product, businesses should always determine who the customers are that will purchase the product. Assuming everyone will buy can lead to wrong decisions and business failure.
The document discusses the 4Ps of marketing - product, price, place, and promotion. It explains that these make up the marketing mix, which must be optimized to successfully market a product. The 4Ps include deciding on a product, setting the right price, distributing it in the right place or market, and promoting it effectively. With market research, a company can plan the right promotion strategy for the optimal product at the right price, distributed in the right location.
Len HelpsNY aims to redefine local search by satisfying both stores and consumers. Its strategy incorporates public relations and online marketing. It lists only 250 stores without sponsored ads, allowing each store to stand out. It presents stores as community pillars to increase sales and loyalty. All information is displayed clearly on one user-friendly page. It also raises funds for charities in cancer, heart disease, diabetes, military families, and the environment. Introductory pricing offers $50 off listings before February 2010, with 30% of the purchase price donated. Stores get branding, training, newsletters, and direct mail access.
This document discusses strategies for marketing a new product called "Healthy Rice" and establishing partnerships with grocery retailers. It recommends:
1. Developing an achievable marketing plan to convince retailers to sell the product.
2. Creating brand awareness through publicity methods like social media posts before launching in retail outlets. This establishes negotiating leverage.
3. Partnering through either upfront cash payments or clever marketing that benefits both parties, such as tagging the retailer's name in promotions.
The key is developing win-win partnerships through low-cost promotion and incentives that generate revenue for both the product brand and grocery retailers.
It is easy to fall victim to discounting. The amazing short term benefits are very attractive, but it destroys the long term sustainability of your store. Here are the dangers of discounting and how to avoid them.
MARKETING MANAGEMENT MEANING AND SIGNIFICANCE OF PROMOTIONotionNagarjuna Reddy
This document defines and provides examples of promotion and its various elements. Promotion refers to raising customer awareness of a product or brand, generating sales, and creating brand loyalty. It is one element of the marketing mix. The document discusses different promotional techniques including advertising, sales promotions, personal selling, direct marketing, and publicity. Examples are provided for each technique to illustrate common promotional strategies used by companies like Nike, Lays, and Dominos. The significance of promotion is that promotional items like printed t-shirts and bags help create brand awareness and visibility in a cost-effective manner.
Sales promotion is a marketing technique used to increase short-term sales or trial of a product or service. It involves the use of incentives and rewards to stimulate consumer demand. Some common sales promotion techniques include price discounts, coupons, contests, premiums, and sampling. The goals of sales promotion are to increase immediate customer sales, gain support from the sales force and trade partners, and stimulate demand. Sales promotion is differentiated from advertising in that it aims to drive short-term action rather than build long-term brand image.
1. A target market is a specific group of potential customers who have similar needs, wants, and abilities to purchase a product.
2. Target marketing focuses marketing decisions on a very narrow target market. Understanding the target market makes marketing decisions easier.
3. When introducing a new product, businesses should always determine who the customers are that will purchase the product. Assuming everyone will buy can lead to wrong decisions and business failure.
The document discusses the 4Ps of marketing - product, price, place, and promotion. It explains that these make up the marketing mix, which must be optimized to successfully market a product. The 4Ps include deciding on a product, setting the right price, distributing it in the right place or market, and promoting it effectively. With market research, a company can plan the right promotion strategy for the optimal product at the right price, distributed in the right location.
Len HelpsNY aims to redefine local search by satisfying both stores and consumers. Its strategy incorporates public relations and online marketing. It lists only 250 stores without sponsored ads, allowing each store to stand out. It presents stores as community pillars to increase sales and loyalty. All information is displayed clearly on one user-friendly page. It also raises funds for charities in cancer, heart disease, diabetes, military families, and the environment. Introductory pricing offers $50 off listings before February 2010, with 30% of the purchase price donated. Stores get branding, training, newsletters, and direct mail access.
This document discusses strategies for marketing a new product called "Healthy Rice" and establishing partnerships with grocery retailers. It recommends:
1. Developing an achievable marketing plan to convince retailers to sell the product.
2. Creating brand awareness through publicity methods like social media posts before launching in retail outlets. This establishes negotiating leverage.
3. Partnering through either upfront cash payments or clever marketing that benefits both parties, such as tagging the retailer's name in promotions.
The key is developing win-win partnerships through low-cost promotion and incentives that generate revenue for both the product brand and grocery retailers.
It is easy to fall victim to discounting. The amazing short term benefits are very attractive, but it destroys the long term sustainability of your store. Here are the dangers of discounting and how to avoid them.
MARKETING MANAGEMENT MEANING AND SIGNIFICANCE OF PROMOTIONotionNagarjuna Reddy
This document defines and provides examples of promotion and its various elements. Promotion refers to raising customer awareness of a product or brand, generating sales, and creating brand loyalty. It is one element of the marketing mix. The document discusses different promotional techniques including advertising, sales promotions, personal selling, direct marketing, and publicity. Examples are provided for each technique to illustrate common promotional strategies used by companies like Nike, Lays, and Dominos. The significance of promotion is that promotional items like printed t-shirts and bags help create brand awareness and visibility in a cost-effective manner.
Sales promotion is a marketing technique used to increase short-term sales or trial of a product or service. It involves the use of incentives and rewards to stimulate consumer demand. Some common sales promotion techniques include price discounts, coupons, contests, premiums, and sampling. The goals of sales promotion are to increase immediate customer sales, gain support from the sales force and trade partners, and stimulate demand. Sales promotion is differentiated from advertising in that it aims to drive short-term action rather than build long-term brand image.
There are four main types of retail consumers: discount customers, who seek out sales and promotions; loyal customers, who are primarily driven by personalization and repeated contact; impulsive customers, who make emotionally-driven purchases; and need-based customers, who buy to fulfill a specific need. Effective marketing strategies target each group through personalized communication channels that highlight relevant deals, experiences, emotions, or solutions.
The document details the author's experience revamping sales of an underperforming cereal brand in Mexico. They developed a three-phase plan to understand the market, sales teams, and consumers. Insights showed competitors dominated supermarkets while the brand had potential in wholesale. The author helped sales teams understand barriers and traveled with them. Consumer research found the brand was seen as value but prices and quality did not match competitors. A strategy was created and the brand was re-launched with changes. Focus shifted to specific regions and in-store materials promoted the wholesale channel.
GAFEERS’S REACH provides an overview of consumer behavior trends, marketing strategies, and types of promotions in India. It discusses how consumers are better educated with low brand loyalty and are price conscious. It also outlines different types of consumer promotions like discounts and coupons, as well as trade promotions targeting retailers. The document contrasts advertising, which builds brand image over time, with sales promotions that create immediate actions and contribute more to short-term profitability. Finally, it introduces push and pull promotion strategies.
Guerrilla marketing is an unconventional marketing technique designed to achieve maximum results with minimal resources. It originated in the 1980s when a woman at a club covertly promoted a specific vodka brand to a patron. Guerrilla marketing relies on creativity, surprise, and word-of-mouth. While it can positively draw attention through low costs and diffusion, it also risks negative effects like consumer irritation if fear appeals are used. The message format and design should follow principles like AIDA to engage consumers' attention, interest, desire, and action. Guerrilla marketing can impact brand attitude, image, and purchase intention.
Promotional products have a unique ability to build relationships by engaging consumers through multiple senses and creating lasting impressions as the product is used over time. These tangible items can motivate purchases, display brands, and complement other advertising by extending memories of positive encounters with a brand. By recognizing individual passions and distributing products through various channels, promotional items build brands by touching lives and representing meaningful connections.
The document discusses the importance of keeping the audience in mind when planning experiential marketing events. It notes that forgetting about the audience can cause the event to flop and fail to achieve its goals. The key is to incorporate elements that will be interesting and relevant to the specific audience attending the event. This could include games or activities related to the theme of the event, such as incorporating baseball trivia for an audience at a baseball game. By focusing on the audience and what interests them, the marketing campaign can create engagement and familiarity with the brand. The audience will then help spread the word about the brand and campaign. The document emphasizes that the audience is crucial to the success of any marketing campaign.
The document provides an overview of marketing strategies for a new watermelon juice product. It discusses developing the product with a red and green color scheme. It outlines an expansion grid strategy to promote the new product in existing markets. Key marketing strategies include advertising, personal selling, sales promotions, and public relations. It also discusses competitor analysis of similar juice brands, identifying strengths and weaknesses. Customer perceived value and maintaining profitable relationships are addressed.
This document summarizes a marketing research presentation for Go Nuts Donuts. It provides background on the company's success opening in 2013. However, the main problem identified is that Go Nuts Donuts lacks advertising and most people are unaware of the company. The researchers conducted a questionnaire and found that respondents responded most positively to a proposed tarpaulin advertisement. They recommend the company develop effective advertisements like the tarpaulin to attract more customers.
Marketing and PR functions are explained in the document. Market research involves learning about target audiences to help design products and marketing strategies. Market analysis studies product attractiveness and dynamics compared to competitors. Marketing strategies consider both long and short term goals. Advertising is important for promoting brand awareness and visibility. Brand promotion uses various methods like ads, banners, posters, and TV commercials tailored to different times of year. PR involves managing messaging to portray the most positive brand image. Positive publicity and events can boost public perception while damage control aims to minimize harm from negative situations. Lobbying targets influential decision makers like government to facilitate favorable policies.
This document provides information about Brij mobiles and computer mart, a store established in 2013 that sells mobile phones and laptops. The owner is Rameshwar Choudhary and the store carries popular brands like iPhone, Samsung, Sony, HTC, Nokia, Vivo, and Oppo. The store is committed to customer satisfaction, openness, honesty and professionalism. It aims to maintain a competitive edge through good customer service, e-commerce, advertising, and customer communication/grievance handling. The store sells 25-30 phones daily for a monthly turnover of about 475,000 rupees and owner profit of 3-4%. Strategies to manage demand and supply include forecasting, cross
The Montana Radio Company aims to (1) increase revenue, (2) increase new customers through referrals, (3) create market awareness, and (4) expand market share. Their strategies include capitalizing on customer referrals by encouraging past customers to refer others, concentrating advertising efforts in specific media "theaters" to achieve sufficient frequency, and accounting for the time lag between advertising and sales impacts. Their goal is to move customers through an awareness-understanding-trust cycle ultimately leading to action.
Integrated Marketing Communication (IMC) takes a comprehensive approach to evaluating various communication tools, including advertising, sales promotion, branding, and public relations. IMC recognizes that these channels can complement each other. For example, advertising may create awareness while sales promotions spur purchases. Branding aims to maintain equity for high-involvement products. Public relations develops a favorable company image. Coordinating these tools through IMC can maximize their combined impact on consumers.
1) Shopper marketing involves understanding shopper behavior and applying marketing efforts through different retail channels to influence purchasing. It aims to benefit brands, retailers, and shoppers.
2) The document discusses key concepts in shopper marketing including defining shopper marketing, the parties involved, shopper insights, and trends in the industry.
3) It also provides a case study of how Lancome Vietnam used shopper marketing tactics like in-store demonstrations and promotions to successfully re-launch its Advanced Genifique Serum and beat competitors.
GlaxoSmithKline spent $150 million on marketing efforts for their new weight loss drug Alli in the first year alone, using various media channels. The marketing aimed to educate consumers about using Alli and making lifestyle changes. Several advertising agencies were used to create commercials, print ads, and targeted campaigns. The tone of early marketing presented Alli as a partner to help with weight loss, not a total solution. Marketing efforts included a website, TV commercials, and testimonials from Alli users focusing on lifestyle improvements rather than just pounds lost. Events were held to promote Alli education and trials.
This document provides information about marketing and public relations functions. For marketing, it discusses market research, market analysis, marketing strategy using examples of Primark and McDonald's strategies. It also discusses the importance of advertising and gives examples. For PR, it discusses managing messages, positive publicity using examples of Children in Need and Comic Relief events. It also discusses spin, damage limitation using the Tesco horse meat example, benefits of events using the Red Bull X Games as an example, and lobbying and who it influences.
This document provides guidance for conducting interviews as part of market research. It recommends making appointments for interviews, communicating the expected length, and sticking to the scheduled time. When providing choices in questions, limit options to 3-4. Keep checklists short for the same reason of being easier to remember. As a thank you, provide a small gift at the end such as coupons, stickers, or produce samples for professional buyers.
The 4 P's of marketing are the key factors that are involved in marketing a product or service:
1. Product - The goods or services being offered for sale and how they fulfill consumer needs.
2. Price - The cost to consumers and how it is linked to the product's value and competitors' prices.
3. Place - The location where the product is sold and ensuring it is in front of likely consumers.
4. Promotion - Advertising, public relations, and strategies to make consumers aware of the product and reasons to buy it at a certain price.
The 4 P's framework helps companies identify important factors like customer wants, how the product meets needs, competitor differentiation, and
This document provides an overview of key marketing concepts including the marketing mix, also known as the four P's of marketing. It defines marketing as placing the right product in the right place, at the right price and at the right time. The four P's are described as product, place, price, and promotion. For each P, details are given about how it is defined and considered from an entrepreneurial perspective in developing a marketing strategy. The document concludes with instructing readers to divide into groups and apply the four P's to create marketing strategies for sample products.
This document provides an overview of marketing concepts and strategies. It discusses the importance of marketing for any business to generate sales and profits. It defines marketing as a transaction for profit and explains the difference between transactional marketing, which focuses on one-time sales, and relationship marketing, which aims to cultivate loyal, repeat customers through good customer service and word-of-mouth advertising. The document also outlines the key elements of developing a marketing plan, including understanding customer needs through market research, analyzing competitors, defining the marketing mix of product, price, place and promotion, and setting a budget and timeline for marketing strategies.
Peanut Labs is an award-winning market research company that provides access to a global sample of over 15 million diverse online panelists. It builds relationships with publishers and partners to engage panelists. Peanut Labs helps clients gain insights into brand awareness, product usage, competitive brands, pricing preferences, and more through online surveys. The white paper discusses 12 ways companies can leverage market research, including tracking brand sentiment, testing new products, and measuring customer satisfaction.
There are four main types of retail consumers: discount customers, who seek out sales and promotions; loyal customers, who are primarily driven by personalization and repeated contact; impulsive customers, who make emotionally-driven purchases; and need-based customers, who buy to fulfill a specific need. Effective marketing strategies target each group through personalized communication channels that highlight relevant deals, experiences, emotions, or solutions.
The document details the author's experience revamping sales of an underperforming cereal brand in Mexico. They developed a three-phase plan to understand the market, sales teams, and consumers. Insights showed competitors dominated supermarkets while the brand had potential in wholesale. The author helped sales teams understand barriers and traveled with them. Consumer research found the brand was seen as value but prices and quality did not match competitors. A strategy was created and the brand was re-launched with changes. Focus shifted to specific regions and in-store materials promoted the wholesale channel.
GAFEERS’S REACH provides an overview of consumer behavior trends, marketing strategies, and types of promotions in India. It discusses how consumers are better educated with low brand loyalty and are price conscious. It also outlines different types of consumer promotions like discounts and coupons, as well as trade promotions targeting retailers. The document contrasts advertising, which builds brand image over time, with sales promotions that create immediate actions and contribute more to short-term profitability. Finally, it introduces push and pull promotion strategies.
Guerrilla marketing is an unconventional marketing technique designed to achieve maximum results with minimal resources. It originated in the 1980s when a woman at a club covertly promoted a specific vodka brand to a patron. Guerrilla marketing relies on creativity, surprise, and word-of-mouth. While it can positively draw attention through low costs and diffusion, it also risks negative effects like consumer irritation if fear appeals are used. The message format and design should follow principles like AIDA to engage consumers' attention, interest, desire, and action. Guerrilla marketing can impact brand attitude, image, and purchase intention.
Promotional products have a unique ability to build relationships by engaging consumers through multiple senses and creating lasting impressions as the product is used over time. These tangible items can motivate purchases, display brands, and complement other advertising by extending memories of positive encounters with a brand. By recognizing individual passions and distributing products through various channels, promotional items build brands by touching lives and representing meaningful connections.
The document discusses the importance of keeping the audience in mind when planning experiential marketing events. It notes that forgetting about the audience can cause the event to flop and fail to achieve its goals. The key is to incorporate elements that will be interesting and relevant to the specific audience attending the event. This could include games or activities related to the theme of the event, such as incorporating baseball trivia for an audience at a baseball game. By focusing on the audience and what interests them, the marketing campaign can create engagement and familiarity with the brand. The audience will then help spread the word about the brand and campaign. The document emphasizes that the audience is crucial to the success of any marketing campaign.
The document provides an overview of marketing strategies for a new watermelon juice product. It discusses developing the product with a red and green color scheme. It outlines an expansion grid strategy to promote the new product in existing markets. Key marketing strategies include advertising, personal selling, sales promotions, and public relations. It also discusses competitor analysis of similar juice brands, identifying strengths and weaknesses. Customer perceived value and maintaining profitable relationships are addressed.
This document summarizes a marketing research presentation for Go Nuts Donuts. It provides background on the company's success opening in 2013. However, the main problem identified is that Go Nuts Donuts lacks advertising and most people are unaware of the company. The researchers conducted a questionnaire and found that respondents responded most positively to a proposed tarpaulin advertisement. They recommend the company develop effective advertisements like the tarpaulin to attract more customers.
Marketing and PR functions are explained in the document. Market research involves learning about target audiences to help design products and marketing strategies. Market analysis studies product attractiveness and dynamics compared to competitors. Marketing strategies consider both long and short term goals. Advertising is important for promoting brand awareness and visibility. Brand promotion uses various methods like ads, banners, posters, and TV commercials tailored to different times of year. PR involves managing messaging to portray the most positive brand image. Positive publicity and events can boost public perception while damage control aims to minimize harm from negative situations. Lobbying targets influential decision makers like government to facilitate favorable policies.
This document provides information about Brij mobiles and computer mart, a store established in 2013 that sells mobile phones and laptops. The owner is Rameshwar Choudhary and the store carries popular brands like iPhone, Samsung, Sony, HTC, Nokia, Vivo, and Oppo. The store is committed to customer satisfaction, openness, honesty and professionalism. It aims to maintain a competitive edge through good customer service, e-commerce, advertising, and customer communication/grievance handling. The store sells 25-30 phones daily for a monthly turnover of about 475,000 rupees and owner profit of 3-4%. Strategies to manage demand and supply include forecasting, cross
The Montana Radio Company aims to (1) increase revenue, (2) increase new customers through referrals, (3) create market awareness, and (4) expand market share. Their strategies include capitalizing on customer referrals by encouraging past customers to refer others, concentrating advertising efforts in specific media "theaters" to achieve sufficient frequency, and accounting for the time lag between advertising and sales impacts. Their goal is to move customers through an awareness-understanding-trust cycle ultimately leading to action.
Integrated Marketing Communication (IMC) takes a comprehensive approach to evaluating various communication tools, including advertising, sales promotion, branding, and public relations. IMC recognizes that these channels can complement each other. For example, advertising may create awareness while sales promotions spur purchases. Branding aims to maintain equity for high-involvement products. Public relations develops a favorable company image. Coordinating these tools through IMC can maximize their combined impact on consumers.
1) Shopper marketing involves understanding shopper behavior and applying marketing efforts through different retail channels to influence purchasing. It aims to benefit brands, retailers, and shoppers.
2) The document discusses key concepts in shopper marketing including defining shopper marketing, the parties involved, shopper insights, and trends in the industry.
3) It also provides a case study of how Lancome Vietnam used shopper marketing tactics like in-store demonstrations and promotions to successfully re-launch its Advanced Genifique Serum and beat competitors.
GlaxoSmithKline spent $150 million on marketing efforts for their new weight loss drug Alli in the first year alone, using various media channels. The marketing aimed to educate consumers about using Alli and making lifestyle changes. Several advertising agencies were used to create commercials, print ads, and targeted campaigns. The tone of early marketing presented Alli as a partner to help with weight loss, not a total solution. Marketing efforts included a website, TV commercials, and testimonials from Alli users focusing on lifestyle improvements rather than just pounds lost. Events were held to promote Alli education and trials.
This document provides information about marketing and public relations functions. For marketing, it discusses market research, market analysis, marketing strategy using examples of Primark and McDonald's strategies. It also discusses the importance of advertising and gives examples. For PR, it discusses managing messages, positive publicity using examples of Children in Need and Comic Relief events. It also discusses spin, damage limitation using the Tesco horse meat example, benefits of events using the Red Bull X Games as an example, and lobbying and who it influences.
Similar to 45. Mushroom marketing management , A Series of Presentation By Mr Allah Dad Khan Master Trainer in Mushroom Technology Former DG Agriculture Extension KPK , Visiting Professor the University of Agriculture Peshawar
This document provides guidance for conducting interviews as part of market research. It recommends making appointments for interviews, communicating the expected length, and sticking to the scheduled time. When providing choices in questions, limit options to 3-4. Keep checklists short for the same reason of being easier to remember. As a thank you, provide a small gift at the end such as coupons, stickers, or produce samples for professional buyers.
The 4 P's of marketing are the key factors that are involved in marketing a product or service:
1. Product - The goods or services being offered for sale and how they fulfill consumer needs.
2. Price - The cost to consumers and how it is linked to the product's value and competitors' prices.
3. Place - The location where the product is sold and ensuring it is in front of likely consumers.
4. Promotion - Advertising, public relations, and strategies to make consumers aware of the product and reasons to buy it at a certain price.
The 4 P's framework helps companies identify important factors like customer wants, how the product meets needs, competitor differentiation, and
This document provides an overview of key marketing concepts including the marketing mix, also known as the four P's of marketing. It defines marketing as placing the right product in the right place, at the right price and at the right time. The four P's are described as product, place, price, and promotion. For each P, details are given about how it is defined and considered from an entrepreneurial perspective in developing a marketing strategy. The document concludes with instructing readers to divide into groups and apply the four P's to create marketing strategies for sample products.
This document provides an overview of marketing concepts and strategies. It discusses the importance of marketing for any business to generate sales and profits. It defines marketing as a transaction for profit and explains the difference between transactional marketing, which focuses on one-time sales, and relationship marketing, which aims to cultivate loyal, repeat customers through good customer service and word-of-mouth advertising. The document also outlines the key elements of developing a marketing plan, including understanding customer needs through market research, analyzing competitors, defining the marketing mix of product, price, place and promotion, and setting a budget and timeline for marketing strategies.
Peanut Labs is an award-winning market research company that provides access to a global sample of over 15 million diverse online panelists. It builds relationships with publishers and partners to engage panelists. Peanut Labs helps clients gain insights into brand awareness, product usage, competitive brands, pricing preferences, and more through online surveys. The white paper discusses 12 ways companies can leverage market research, including tracking brand sentiment, testing new products, and measuring customer satisfaction.
The document provides guidance for starting a small-scale food processing business and marketing the products. It discusses the key aspects of marketing - the 4 P's of product, place, price, and promotion. For the product, it covers determining the recipe, converting it for commercial production, packaging, and labeling. For place, it discusses distribution channels like wholesalers, retailers, and direct sales. It then addresses setting an appropriate price based on costs and competition. Finally, it outlines promotion strategies like advertising, publicity, and food shows. The goal is to help new food businesses understand the full marketing process.
The document discusses various methods for understanding customers, including observation, interviews, and focus group discussions. Observation involves directly watching customer behavior in natural environments to understand needs. Interviews provide insights into pain points, needs, and ideas for improvement. Focus groups are discussions with 6-10 customers moderated by a trainer to uncover attitudes through open-ended questions and interaction between participants. Understanding customers is key to making effective marketing decisions.
The document discusses the 4 P's of marketing - product, price, place, and promotion. It provides details on each P:
Product refers to the good, service, or idea a company offers. Choosing the right product is important for success.
Price is what customers pay and companies must find a balance that is acceptable to customers.
Place is how the product reaches customers, such as online, stores, or direct sales. Distribution channels must allow customers to access the product.
Promotion involves advertising and creating awareness of the product through methods both traditional and modern. Timing of promotions is also key.
This document provides an overview of marketing as both a philosophy and set of techniques. As a philosophy, marketing puts customers at the center of an organization's considerations and values understanding and responding to customer needs. As techniques, activities like market research and advertising are used to learn about customers and communicate product benefits. While techniques have been adopted, many organizations still need to fully develop a customer focus, which is core to the marketing philosophy. The document discusses how marketing differs in centrally planned versus market-based economies and provides definitions of marketing from leading professional bodies.
The document discusses the 7 P's of marketing, which are the elements that comprise a company's marketing mix. Originally there were 4 P's - product, place, price, and promotion. Now there are 7 P's with the addition of people, packaging, and positioning. Each P is described in 1-2 paragraphs, with product focusing on goods and services, place on distribution channels, price on pricing strategies, promotion on promotional activities, people on staff and audiences, packaging on product presentation, and positioning on differentiating a product from competitors.
The document defines marketing and provides key details about its functions and importance. It discusses:
1) Marketing refers to activities companies undertake to promote the buying and selling of products/services, including advertising, selling, and delivery.
2) The 7 key functions of marketing are distribution, financing, market research, pricing, product management, promotion, and matching products to customers.
3) Marketing is important as it increases sales, builds and maintains reputation, keeps companies competitive, and creates referrals.
1) The document discusses the "Seven P Formula" for evaluating marketing activities which includes the 7 Ps: product, price, promotion, place, packaging, positioning, and people.
2) For each P, the document provides examples of questions to consider and ways to continually reevaluate and improve upon each element of the marketing mix.
3) The key is to regularly reassess each P using an outside perspective to ensure the marketing strategy still fits the current market realities and is achieving maximum results.
The document discusses the "Seven P Formula" which outlines the key elements (Ps) of an extended marketing mix: Product, Price, Promotion, Place, Packaging, Positioning, and People. It emphasizes developing the habit of regularly reviewing each P to ensure your marketing strategy still fits the current market realities and can be improved. Small changes to any P may significantly increase sales and customer responses. The final sentence notes that effective marketing execution relies on the specific people responsible for each element.
Feed marketing involves creating value for customers and managing relationships to benefit the feed company. Marketing techniques used include advertising, promotions, branding, packaging, and public relations. The objectives are to retain customers, improve brand image, understand customer wants, increase awareness, and attract attention. Marketing employs a mix of product, price, placement, and promotion strategies tailored to customer needs at each research stage.
This document discusses the marketing mix, which consists of the 4 P's: product, price, place, and promotion. It provides details on each P. Product refers to the goods and services being offered, including their features and benefits. Price involves setting the right amount while considering factors like demand, costs, and competitors. Place means making the product available to customers through distribution channels. Promotion involves communication strategies like advertising, personal selling, and sales promotions to raise customer awareness. The 4P's work together in a company's marketing plan to satisfy customers and achieve business goals.
1. Getting customers requires generating leads through teasers, building a customer database, and contacting leads daily with a goal of leads per week/month. Meeting customers yourself is important to understand their problems and needs.
2. Retaining customers involves keeping in contact through newsletters and social media, showing continued interest, addressing cancellations, offering additional services, maintaining brand image, and rewarding loyalty.
3. Pricing a product requires calculating costs of development, production, marketing, and profit to reflect customer value and competition while covering expenses.
Veblen goods are commodities for which demand increases as price increases, unlike typical goods where demand decreases with higher prices. For Veblen goods, higher prices signal higher status, making the goods more desirable. Luxury goods like designer handbags and expensive wines are often considered Veblen goods because raising their prices can increase demand by making them appear more exclusive. Marketing focuses on understanding customer needs while selling focuses on the needs of the seller and promoting existing products. Distribution channels refer to the methods companies use to get products to consumers, and include both direct channels like online sales as well as indirect channels that go through wholesalers and retailers.
1. A target market is a specific group of potential customers who have common needs, wants, and the ability and willingness to purchase a product.
2. Target marketing focuses marketing decisions on a very narrow target market. Understanding the target market makes marketing decisions easier.
3. The first questions to ask when introducing a new product are who the customers are and who will buy the product. Assuming "everyone" will buy the product can lead to business failure.
Marketing involves creating, offering, and exchanging products and services to satisfy needs and wants through mutually beneficial transactions. The marketing mix consists of the four Ps - product, place, price, and promotion. Promotion includes advertising, personal selling, sales promotion, public relations, and direct marketing to inform and persuade target markets. Negotiation skills are important for sales, and effective negotiators understand value rather than just price.
The document discusses several core concepts in marketing management including needs, wants and demands of consumers, marketing offers to satisfy consumer wants, the importance of customer value and satisfaction, and the difference between consumers and customers. It also defines marketing as a process of creating and exchanging value with others to satisfy human needs and wants. The goal of marketing is to attract new customers by promising superior value and retaining existing customers through satisfaction.
Similar to 45. Mushroom marketing management , A Series of Presentation By Mr Allah Dad Khan Master Trainer in Mushroom Technology Former DG Agriculture Extension KPK , Visiting Professor the University of Agriculture Peshawar (20)
49. Energy Sources ( Production of biodiesel from jatropha) A Series of Prese...Mr.Allah Dad Khan
Jatropha is a plant that can be used to produce biodiesel. Mr. Allah Dad Khan, an agriculture consultant and adviser from Khyber Pakhtunkhwa, Pakistan, gave a presentation on jatropha production for biodiesel. The presentation discussed using jatropha to produce an alternative fuel source.
47. Energy Sources ( Jatropha oil as bio -diesel ) A Series of Presentation t...Mr.Allah Dad Khan
Jatropha oil has potential as a biodiesel source. Mr. Allah Dad Khan, an agriculture consultant and adviser in KPK Pakistan, gave a presentation on jatropha oil as bio diesel. The presentation discussed jatropha oil's viability as an alternative energy source for fuel.
36. Energy sources (Nuclear energy ) A Series of Presentation to Class By Mr...Mr.Allah Dad Khan
Nuclear energy is a promising source of clean energy that can help address energy demands and climate change issues. However, it also carries risks from radioactive waste and potential safety issues from accidents that must be carefully managed. Overall, if developed responsibly with strong safety protocols, nuclear power could make an important zero-carbon contribution to the global energy mix.
32. Energy Sources ( Energy sources the fuel) A Series of Presentation to ...Mr.Allah Dad Khan
The document discusses various sources of energy, dividing them into conventional and non-conventional sources. Conventional sources include fossil fuels like coal, petroleum and natural gas. These are used in thermal power plants to produce electricity. Hydro power plants use the kinetic energy of flowing water for electricity. Non-conventional sources include solar, wind, biomass, tidal, geothermal and nuclear energy. These provide alternatives to fossil fuels and many are renewable but also have challenges like cost, land use or waste disposal.
17. Energy sources ( Tidal energy waves facts) A Series of Presentation to ...Mr.Allah Dad Khan
Tidal energy has the potential to be a renewable source of energy. Mr. Allah Dad Khan, an agriculture consultant and adviser in KPK Pakistan, gave a presentation about tidal energy and waves. The presentation provided facts about harnessing the power of tides and waves for energy production.
15. Energy sources ( Fourteen main advantages and disadvantages of tidal en...Mr.Allah Dad Khan
Tidal energy is a renewable source of energy that harnesses the power of tides. It has several advantages, including being renewable as tides are driven by the gravitational pull of the moon and sun, being a green energy source that doesn't emit greenhouse gases, and having a predictable output. However, tidal energy also has disadvantages such as potentially impacting the environment, only being available when tides are surging for around 10 hours per day so requiring effective energy storage, and being an expensive new technology that is not yet cost-effective.
Skybuffer AI: Advanced Conversational and Generative AI Solution on SAP Busin...Tatiana Kojar
Skybuffer AI, built on the robust SAP Business Technology Platform (SAP BTP), is the latest and most advanced version of our AI development, reaffirming our commitment to delivering top-tier AI solutions. Skybuffer AI harnesses all the innovative capabilities of the SAP BTP in the AI domain, from Conversational AI to cutting-edge Generative AI and Retrieval-Augmented Generation (RAG). It also helps SAP customers safeguard their investments into SAP Conversational AI and ensure a seamless, one-click transition to SAP Business AI.
With Skybuffer AI, various AI models can be integrated into a single communication channel such as Microsoft Teams. This integration empowers business users with insights drawn from SAP backend systems, enterprise documents, and the expansive knowledge of Generative AI. And the best part of it is that it is all managed through our intuitive no-code Action Server interface, requiring no extensive coding knowledge and making the advanced AI accessible to more users.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
A Comprehensive Guide to DeFi Development Services in 2024Intelisync
DeFi represents a paradigm shift in the financial industry. Instead of relying on traditional, centralized institutions like banks, DeFi leverages blockchain technology to create a decentralized network of financial services. This means that financial transactions can occur directly between parties, without intermediaries, using smart contracts on platforms like Ethereum.
In 2024, we are witnessing an explosion of new DeFi projects and protocols, each pushing the boundaries of what’s possible in finance.
In summary, DeFi in 2024 is not just a trend; it’s a revolution that democratizes finance, enhances security and transparency, and fosters continuous innovation. As we proceed through this presentation, we'll explore the various components and services of DeFi in detail, shedding light on how they are transforming the financial landscape.
At Intelisync, we specialize in providing comprehensive DeFi development services tailored to meet the unique needs of our clients. From smart contract development to dApp creation and security audits, we ensure that your DeFi project is built with innovation, security, and scalability in mind. Trust Intelisync to guide you through the intricate landscape of decentralized finance and unlock the full potential of blockchain technology.
Ready to take your DeFi project to the next level? Partner with Intelisync for expert DeFi development services today!
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/temporal-event-neural-networks-a-more-efficient-alternative-to-the-transformer-a-presentation-from-brainchip/
Chris Jones, Director of Product Management at BrainChip , presents the “Temporal Event Neural Networks: A More Efficient Alternative to the Transformer” tutorial at the May 2024 Embedded Vision Summit.
The expansion of AI services necessitates enhanced computational capabilities on edge devices. Temporal Event Neural Networks (TENNs), developed by BrainChip, represent a novel and highly efficient state-space network. TENNs demonstrate exceptional proficiency in handling multi-dimensional streaming data, facilitating advancements in object detection, action recognition, speech enhancement and language model/sequence generation. Through the utilization of polynomial-based continuous convolutions, TENNs streamline models, expedite training processes and significantly diminish memory requirements, achieving notable reductions of up to 50x in parameters and 5,000x in energy consumption compared to prevailing methodologies like transformers.
Integration with BrainChip’s Akida neuromorphic hardware IP further enhances TENNs’ capabilities, enabling the realization of highly capable, portable and passively cooled edge devices. This presentation delves into the technical innovations underlying TENNs, presents real-world benchmarks, and elucidates how this cutting-edge approach is positioned to revolutionize edge AI across diverse applications.
This presentation provides valuable insights into effective cost-saving techniques on AWS. Learn how to optimize your AWS resources by rightsizing, increasing elasticity, picking the right storage class, and choosing the best pricing model. Additionally, discover essential governance mechanisms to ensure continuous cost efficiency. Whether you are new to AWS or an experienced user, this presentation provides clear and practical tips to help you reduce your cloud costs and get the most out of your budget.
Introduction of Cybersecurity with OSS at Code Europe 2024Hiroshi SHIBATA
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
Taking AI to the Next Level in Manufacturing.pdfssuserfac0301
Read Taking AI to the Next Level in Manufacturing to gain insights on AI adoption in the manufacturing industry, such as:
1. How quickly AI is being implemented in manufacturing.
2. Which barriers stand in the way of AI adoption.
3. How data quality and governance form the backbone of AI.
4. Organizational processes and structures that may inhibit effective AI adoption.
6. Ideas and approaches to help build your organization's AI strategy.
In the realm of cybersecurity, offensive security practices act as a critical shield. By simulating real-world attacks in a controlled environment, these techniques expose vulnerabilities before malicious actors can exploit them. This proactive approach allows manufacturers to identify and fix weaknesses, significantly enhancing system security.
This presentation delves into the development of a system designed to mimic Galileo's Open Service signal using software-defined radio (SDR) technology. We'll begin with a foundational overview of both Global Navigation Satellite Systems (GNSS) and the intricacies of digital signal processing.
The presentation culminates in a live demonstration. We'll showcase the manipulation of Galileo's Open Service pilot signal, simulating an attack on various software and hardware systems. This practical demonstration serves to highlight the potential consequences of unaddressed vulnerabilities, emphasizing the importance of offensive security practices in safeguarding critical infrastructure.
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Trusted Execution Environment for Decentralized Process MiningLucaBarbaro3
Presentation of the paper "Trusted Execution Environment for Decentralized Process Mining" given during the CAiSE 2024 Conference in Cyprus on June 7, 2024.
Salesforce Integration for Bonterra Impact Management (fka Social Solutions A...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on integration of Salesforce with Bonterra Impact Management.
Interested in deploying an integration with Salesforce for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
TrustArc Webinar - 2024 Global Privacy SurveyTrustArc
How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
See how organizational priorities and strategic approaches to data security and privacy are evolving around the globe.
This webinar will review:
- The top 10 privacy insights from the fifth annual Global Privacy Benchmarks Survey
- The top challenges for privacy leaders, practitioners, and organizations in 2024
- Key themes to consider in developing and maintaining your privacy program
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
FREE A4 Cyber Security Awareness Posters-Social Engineering part 3Data Hops
Free A4 downloadable and printable Cyber Security, Social Engineering Safety and security Training Posters . Promote security awareness in the home or workplace. Lock them Out From training providers datahops.com
Digital Marketing Trends in 2024 | Guide for Staying AheadWask
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...Alex Pruden
Folding is a recent technique for building efficient recursive SNARKs. Several elegant folding protocols have been proposed, such as Nova, Supernova, Hypernova, Protostar, and others. However, all of them rely on an additively homomorphic commitment scheme based on discrete log, and are therefore not post-quantum secure. In this work we present LatticeFold, the first lattice-based folding protocol based on the Module SIS problem. This folding protocol naturally leads to an efficient recursive lattice-based SNARK and an efficient PCD scheme. LatticeFold supports folding low-degree relations, such as R1CS, as well as high-degree relations, such as CCS. The key challenge is to construct a secure folding protocol that works with the Ajtai commitment scheme. The difficulty, is ensuring that extracted witnesses are low norm through many rounds of folding. We present a novel technique using the sumcheck protocol to ensure that extracted witnesses are always low norm no matter how many rounds of folding are used. Our evaluation of the final proof system suggests that it is as performant as Hypernova, while providing post-quantum security.
Paper Link: https://eprint.iacr.org/2024/257
zkStudyClub - LatticeFold: A Lattice-based Folding Scheme and its Application...
45. Mushroom marketing management , A Series of Presentation By Mr Allah Dad Khan Master Trainer in Mushroom Technology Former DG Agriculture Extension KPK , Visiting Professor the University of Agriculture Peshawar
9. 1. Make the market drive your production. Talk to
potential buyers about volume and prices.
2. Explore various marketing options: brokers,
distributors, farmers’ markets, restaurants, grocery
stores, food service operations, and co-ops.
3. Consider reselling other growers’ mushrooms to
offer more variety and larger volume.
4. Talk to other producers and perhaps a consultant
about production systems.
5. Consider buying used equipment to reduce initial
capital investment.
6. Strike a balance between undercapitalizing and a
heavy debt load.
10. Market the fresh or dried product directly to
your customers (at farmers’ markets, to over
the Internet, through mail-order offerings)
Add value to the mushroom by creating
processed products (mushroom sauces, dried
entrée mixes, teas, extracts)
Wholesale as fresh produce (on contract or by
the batch)
11. If you can sell your mushrooms or mushroom
products directly to an end user, you will naturally
receive a better price than if you sell to a wholesaler.
Direct marketing of mushrooms at local farmers’
markets, to restaurants, or in supermarkets is
possible in many locations. When competing in local
markets, excellent service, top quality, and consistent
supply, rather than the lowest price, might win the
sale, particularly with gourmet chefs. Some chefs
specialize in locally grown foods and may be
interested for that reason. Others are willing to pay
for fresh, premium produce. In any case, establishing
a relationship with the buyer and reliably delivering a
quality product are essential for this type of
marketing
12. Selling fresh mushrooms to a wholesaler will
mean a lower price than if you market
directly. However, for growers who choose
not to involve themselves in direct sales,
there are established wholesale markets for
mushrooms. Wholesalers advertise in produce
industry periodicals like The Packer. Your
local librarian or an Internet search can help
you locate other such magazines.
13. Adding value to fresh mushrooms usually
means either developing a processed
product, such as a sauce, or drying surplus
mushrooms for sale in the off-season, when
prices are higher. A value-added product can
be sold either directly to the consumer or to
wholesalers
16. The marketing mix definition is simple. It is about putting the
right product or a combination thereof in the place, at the
right time, and at the right price. The difficult part is doing
this well, as you need to know every aspect of your business
plan.
17.
18.
19. To begin with, develop the habit of looking at your product as
though you were an outside marketing consultant brought in
to help your company decide whether or not it's in the right
business at this time. Ask critical questions such as, "Is your
current product or service, or mix of products and services,
appropriate and suitable for the market and the customers of
today?
20.
21. The second P in the formula is price. Develop the
habit of continually examining and reexamining
the prices of the products and services you sell to
make sure they're still appropriate to the realities
of the current market. Sometimes you need to
lower your prices.
22.
23. The third habit in marketing and sales is to think in
terms of promotion all the time. Promotion
includes all the ways you tell your customers about
your products or services and how you then market
and sell to them
24.
25. The fourth P in the marketing mix is the place
where your product or service is actually sold.
Develop the habit of reviewing and reflecting upon
the exact location where the customer meets the
salesperson. Sometimes a change in place can lead
to a rapid increase in sales
26.
27. Process Many customers no longer simply buy a
product or service - they invest in an entire
experience that starts from the moment they
discover your company and lasts through to
purchase and beyond.
28.
29. The next P is positioning. You should develop
the habit of thinking continually about how
you are positioned in the hearts and minds of
your customers. How do people think and
talk about you when you're not present? How
do people think and talk about your
company? What positioning do you have in
your market, in terms of the specific words
people use when they describe you and your
offerings to others?
30.
31. People Everyone who comes into contact with
your customers will make an impression.
Many customers cannot separate the product
or service from the staff member who
provides it, so your people will have a
profound effect — positive or negative — on
customer satisfaction