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Products & Services for Consumers
Chapter 12
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Quality Market-perceived Quality Performance Quality Homologation
Green Marketing Packaging concerns
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Products What is a “Product”? Physical Psychological
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Products Innovative Products & Adaptation Diffusion of Innovation
Degree of newness Innovation Product diffusion Diffusion of Innovation Three variables
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Analyzing Product Components for Adaptation
Product Component Model Core component- Physical product Product platform Design features Functional features
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Analyzing Product Components for Adaptation
Packaging component Trademark Brand name Legal Price Quality Package Styling
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Analyzing Product Components for Adaptation
Support services component Repair & maintenance Installation Instructions Other services Deliveries Warranty Spare parts Legal
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Marketing Services 4 characteristics Opportunities Intangible
Inseparable Heterogeneity (Inconsistency) Perishable (Inventory) Opportunities Tourism
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Marketing Services Barriers to Entering Global Markets for Services
Protectionism Restrictions on data flows Protection of intellectual property Cultural barriers and adaptation
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Brands in International MKT
Global brands McDonald’s, Coca-Cola Brand image Problems National brands
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Brands in International MKT
Country-of-Origin Effect Which is “best”? Private Brands Advantages
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