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Lecture on Retailing and Promotion Mix www.AssignmentPoint.com
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CONTENTS RETAILING MEANING DEFINTION FEATURES FUNTIONS TYPES
PROMOTION MIX TOOLS FACTORS
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RETAILING
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MEANING WHAT IS RETAILER ?
NOT POSSIBLE FOR A MANUFACTURER TO SELL HIS GOODS DIRECLTY NEED FOR NETWORK OF DISTRIBUYION MOST IMPORTANT LINK SURIVAL IN THE MARKET WARMTH OF HUMAN HEART SAFE BUSINESS
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DEFINTION “ Retailing includes all activities directly related to the sale of goods or services to the ultimate consumer for personal, non – business use.” - W.J. STANTON
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FEATURES LOCAL IN CHARACTER SERVICES AND CONVENIENCES
PERSONAL SELLING PLAYS AN IMPORTANT ROLE CLOSE CONTACTS ACT AS A LINK
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FUNCTIONS PROVIDE GOODS PROVIDE CREDIT FACILITY GUIDE CUSTOMERS
PROVIDE WIDE CHOICE CONSUMERS DEMAND ASSUME RISK OF LOSS MARKET INFORMATION
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TYPES OF RETAILING POPULARITY OF NON – STORE RETAILERS
(A) AUTOMATIC VENDING MACHINES (B) DIRECT SELLING (C) ON – LINE SHOPPING
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CONTI…. 2. SHOPPING MALLS 3. EXCLUSIVE JOINTS
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CONTI…. 4. SUPERMARKETs 5. HYPERMARKETS
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CONTI…. 6. SECONDS STORE 7. FRANCHISING
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CONTI…. 8. PLUS SIZE STORES 9. SPECIALITY STORES
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CONTI…. 10. SELF – SERVICE STORES
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PROMOTION MIX
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MEANING Promotion is one of the elements of marketing mix. It is used to inform, persuade and remind people about the firm and its product. Promotion is a strong technique to influence the feelings, beliefs and behavior of the consumers. Promotion is necessary for the competition.
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DEFINITION “ PROMOTION MIX IS THE COMBINATION OF PROMOTION TOOLS USED BY A COMPANY TO COMMUNICATE WITH ITS AUDIENCES.”
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TOOLS OF PROMOTION MIX Advertising Personal selling Sales promotion
Publicity Public Relations
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FACTORS INFLUENCING PROMOTION MIX
Types of customers Nature of the market Nature of the product Market position of the firm Product life cycle Availability of capital Availability of sales force System of distribution
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