Download presentation
Presentation is loading. Please wait.
1
What is Product Planning?
Making decisions about the production and sale of a business’s products. Relate to: packaging, labeling warranties, guarantees, branding and product mix.
2
If it is well defined it will…
Create sales opportunities Design appropriate marketing plans Develop effective advertising campaigns Coordinate the product mix Add new products Delete old products
3
Product Mix All the different products a company makes or sells.
Retail Store Product Mix All the products sold in that store How is this determined?
4
Product Mix Product Line - a group of closely related items.
all cereals produced by Kelloggs all models produced by Pontiac desserts at McDonald’s
5
Product Mix Product Item - a specific model, brand or size of a product within a line Frosted Flakes Montana M&M McFlurry
6
Product Width and Depth
Width: the number of different product lines a a business manufactures or sells .
7
Product Width and Depth
Depth: the number of product items offered within each product line
8
WalMart vs. Office Depot
Who has greater depth? Who has greater width?
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.