Consumer Preference The products the consumer want (prefer) have changed over the last 20 years. The products the consumer want (prefer) have changed over.

Slides:



Advertisements
Similar presentations
The 4 P’s of Marketing consumer The Marketing Mix.
Advertisements

Meat and the consumer meatandeducation.com 2011.
Channels of Distribution
Agricultural Changes 1700s farms were based on the medieval strip system 18th century the population started to increase Britain needed more food.
90196Describe producers, production, and resources and their use Achievement Criteria Achievement Achievement with Merit Achievement with Excellence Describe.
China agriculture: customer or competitor? Allan Rae.
What is a Stock Exchange? Is traditionally a place where stocks (shares), bonds, and other financial instruments and derivatives (of the stocks) are traded.
Supermarket Psychology, Food Labelling & Shopping ‘Go 4 It!’ Week 5.
Objectives Be able to define product and know the major classifications of products and services. Understand the decisions companies make regarding their.
Sourcing Locally Selling Nationally Mark Gilchrist Game for everything Cooking game Game processing Cooking demonstrations Private catering work.
Why Focus on Stores? Stores are used as the main channel of communication by tobacco companies to reach new and current customers.
Live Lighter Love Longer. It is the mission of our company to provide all dogs with the healthiest and best tasting food. We believe that our meal can.
Health and Fitness Advertising
18/08/2015 Agricultural Economics – Exchange Rates AS90651 Explain how market forces affect supply and demand of primary products (4 external credits)
Orange boom- Product. By BOOM BOOM JUICES. Customer wants.  The customer will want a healthy juice drink that is available at gym and in pound shops.
By Group 8 송현석 박신영 김윤주 박도영 이정수. : The Effects of Globalization on the Food System ConsolidationOffoodconglomeratesVerticalChainIntegrationDiversifiedUsageOfCereals.
EQ: WHAT ECONOMIC PROBLEMS THREATENED THE BOOM OF THE 1920S? The Economy of the 1920s.
Consumer Demand and Marketing. NEW ZEALAND 85% of our agricultural output is exported About 63% of our revenue comes from agriculture Effective marketing.
©2003 Prentice Hall, IncMarketing: Real People, Real Choices 3rd edition Chapter 10 Managing the Product.
Marketing. Today…  What is a market?  What is marketing?  Role of Marketing  Marketing Objectives  Marketing Activities.
Agriculture as a system. Types of industry There are four main types of industry and these can be classified as: 1.PRIMARY INDUSTRY – this is the extraction.
Selling the Product Supply and Demand Advances in manufacturing resulted in large supplies of goods for sale. Markets had to be expanded to draw in consumers.
Chain of Productions and Channels of Distribution
By: Mr Hashem Alaidaros MIS 211
Mccain Marketing Mix.
What is your weekly choc count? Aim: This is to give some idea about how much chocolate features in most people’s daily lives. Each person estimates how.
Market Forces AS AS /10/2015. Contents AssessmentMarket Force Prices Market trends Market manipulations Consumer preference Quality requirements.
Section B – Tasks Task 1 - In general terms describe the purpose of market research. What is market research? What is the purpose of market research?
CHAPTER 9 Managing the Product M A R K E T I N G Real People, Real Choices.
Factors that Contribute to the Selection of Products/Services in Small Business.
Marketing Information Management Marketing Research.
Free Enterprise 3 rd grade. Free enterprise The freedom to start a business and sell, for profit, any product or service allowed by law.
3.1 - MARKETING Lesson 1 – Marketing and Market Research.
What is a Product Life Cycle?  The marketing theory that a product moves through different stages of life, from birth to death.  Every decision impacts.
By Cindy Ravalo $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400.
CHAPTER SIX ROLE OF MARKETING Topic 2 Marketing. 
How is Local Food Good for Our Economy?. The system by which goods and services are produced, sold, and bought that helps us determine how to use limited.
FISH PROCESSING AND PRESERVATION 3(2-1). Fish processing The processing of fish and other seafoods delivered by fisheries, which are the supplier of the.
Agricultural Revolution Enclosure Movement- Landowners fenced off their property creating bigger farms that were more efficient. These landowners were.
BOOM!!!! Part two Buying and selling shares. Aims of the lesson By the end of this lesson you will Understand what shares are and how they are traded.
Consumer Management Shopping for a Healthy Diet. Food Guide Pyramid  Try to choose a variety of foods from the food guide pyramid.
The Marketing Mix- McCain Evan Loeb Period 2, N. Schewczyk.
Health and Fitness Advertising Module B: Lesson 4 Grade 12 Active, Healthy Lifestyles.
The Marketing Plan ProductPromotionPlacePrice. Product What products will you sell? 1.Research the competition to determine what products customers want.
PRODUCT PLACE PRICE PROMOTION EACH MARKETING PLAN OF ACTION INCLUDES THESE 4 PS Marketing is the 4 Ps.
Gaby Salazar Period 3 Presentation Date: 5/22/12.
Marketing identify, anticipate & satisfy consumer wants and needs - profitably Overall Aim of Marketing:
 A market in which stocks are down  Those who buy and sell stocks.
MARKETINGMARKETING. What is marketing? Finish the sentence: Marketing is...
Economics of the 1920s. 1. HOW DID THE CAR INDUSTRY AFFECT AMERICAN ATTITUDES AND/OR VALUES? 2. EXPLAIN HOW ADVERTISING BECAME MORE OF A PSYCHOLOGICAL.
PRODUCTS & BRANDS. PRODUCTS vs BRANDS PRODUCT –anything capable of satisfying a want and need BRAND – a product that is distinguished from those of competitors.
The Food Chain Enterprise Challenge A business enterprise day focusing on the Dairy Industry.
Topic 1.5 Unit 24.  This topic considers the economic factors that affect the business.  How does the interaction of supply and demand affect the price.
Effective marketing Candidates should be able to: Define marketing (i.e. explain the purpose) Define niche and mass marketing Analyse the benefits and.
Influences on eating patterns. Influence: ‘ The capacity to have an effect on the character, development, or behaviour of someone or something, or the.
Qualitative & Quantitative
What needs to be done to expand the organic market?
Introduction to Evaluation
Yu The challenge What we did The results Yu Fruit
Chain of production and channels of distribution
IB Business Management
ToR Consumer trends and preferences
Chain of Productions and Channels of Distribution
What did we even learn last class?
Chain of Productions and Channels of Distribution
TECHNOLOGY PUSH / MARKET PULL MARKETING OR SELLING MARKET TYPES
Each marketing plan of action includes these 4 ps
Chilled Food Association
Chilled Food Association
The 4 “P”s of Marketing Product, Price, Place, and Promotion
Presentation transcript:

Consumer Preference The products the consumer want (prefer) have changed over the last 20 years. The products the consumer want (prefer) have changed over the last 20 years. Consumers now prefer healthy, easy to use, fresh produce. Eating out has become more common rather than the preserve of the wealthy. Consumers now prefer healthy, easy to use, fresh produce. Eating out has become more common rather than the preserve of the wealthy. Each year the number and range of products avaliable for consumers increases, e.g. a major supermarket chain in the USA is offered 250 new products each week. If any of these new products are to be sold in their supermarkets, slower moving products must be removed from their shelves. Each year the number and range of products avaliable for consumers increases, e.g. a major supermarket chain in the USA is offered 250 new products each week. If any of these new products are to be sold in their supermarkets, slower moving products must be removed from their shelves.

With so many new products on offer for consumers, primary producers must be aware of, and be able to sell what is wanted when it is wanted. With so many new products on offer for consumers, primary producers must be aware of, and be able to sell what is wanted when it is wanted. Because markets change so rapidly producers (farmers etc) can not assume that what is being sold successfully this year will be demanded next year. Because markets change so rapidly producers (farmers etc) can not assume that what is being sold successfully this year will be demanded next year. Manipulating consumer preference / demand is one way that marketeers can determine what produce will be bought. Manipulating consumer preference / demand is one way that marketeers can determine what produce will be bought.

Consumer perference for a product can be changed by: Consumer perference for a product can be changed by: Telling the consumers about the product (advertising) Telling the consumers about the product (advertising) Telling them how to use it (in-store promotions, cooking programmes) Telling them how to use it (in-store promotions, cooking programmes) Repackaging the basic product Repackaging the basic product Changing the basic product Changing the basic product Using the product in different ways (woollen oil booms) Using the product in different ways (woollen oil booms) Making a new product altogether by processing the basic product (value added products such as HashBorwns) Making a new product altogether by processing the basic product (value added products such as HashBorwns)

Technological changes have allowed products to altered to change Technological changes have allowed products to altered to change The apperance of the product (grading machines) The apperance of the product (grading machines) How the product is used (kiwifruit juice) How the product is used (kiwifruit juice) How the product is presented (chilled meat) How the product is presented (chilled meat) Altering products by breeding for specfic characteristics is another method that can be used to satisfy consumer demand. Altering products by breeding for specfic characteristics is another method that can be used to satisfy consumer demand. Farmers can breed for resistance by culling susceptible stock. This allows them to sell the animals as organic when chemicals are not required to combat parasites. Farmers can breed for resistance by culling susceptible stock. This allows them to sell the animals as organic when chemicals are not required to combat parasites.

Exercises  Potatoes are sold fresh or processed. Name at least 5 ways that potatoes are processed.  For the product the you are studying, identify at least 3 value added products.  Explain why these products are worth more money than the basic product.  Identify how your product is sold i.e. how is the product advertised?  Describe the overall trend in consumer preference for your product over the last 5 years, 10 years and 20 years? Explain why there is that trend.