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Chapter 12 Products, Pricing and Distribution
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PRODUCTS
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Types of Goods Convenience Consumer Goods= are items that are small, easy to distribute, have a low price, and are purchased frequently. Shopping Goods= tend to have a higher price in relation to convenience goods. Consumers use a selection process when purchasing. Specialty Goods = are products that have a unique brand or characteristic. Examples Starbucks, Nike
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Convenience Goods
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Shopping Goods
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Specialty Goods
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Durable Goods
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Industrial Goods
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Product Development Generating Ideas Evaluating Ideas
Developing the Product Introducing the final product to the marketpplace
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Quantitative vs Qualitative
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PRICING
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Skimming Pricing vs Penetration Pricing
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DISCOUNTS OFF SEASON DISCOUNTS CASH PAYMENT DISCOUNTS
QUANTITY BASED DISCOUNTS TRADE DISCOUNTS SHIPPING DISCOUNTS
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DISTRIBUTION
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CHANNELS OF DISTRIBUTION
THE PATH A PRODUCT TAKES FROM THE PRODUCER TO THE CONSUMER
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SHIPPING METHODS
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VIDEO LINKS Amazon Distribution Center
Zara Retail Distribution Pricing Tricks
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