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Published byGertrude Sherman Modified over 8 years ago
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Everybody Wants to Work in Marketing! March 23, 2007
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4 P’s of Marketing Product Price Place Promotion
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Product Cereal –Made from: Corn Sugar –LOTS of sugar Other stuff I can’t pronounce It kind of tastes like marshmallows
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Product Name –Something unique –Something people will remember –Three choices Crunchy Corns Marshmallow Mellows Husker Deluxe
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Price Competition prices –Cheerios –Kix –Lucky Charms Average Price of competition –$3.50 per box –Average minus 10% $3.15
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Place Grocery stores –Super Saver –Sun Mart Convenience shops –Gas stations Other stores –Target –ShopKo
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Promotion Advertising Coupons Web site –With fun stuff Packaging What characters do you recognize?
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Design a cereal box Box must have: –Name Crunchy Corns Marshmallow Mellows Husker Deluxe –Sketch of product –“Enlarged to show texture” –“Good source of dietary fiber” –Kosher symbol
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