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Principles of marketing: Lecture 20

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MGT301
Principles of Marketing
Lecture­20


Summary
of  
Lecture­19


Marketing Mix
4 Ps



Levels of Products


Augmented
Augmented
Product
Product
Installation
Packaging
Brand
Name
Delivery
& Credit

Quality
Level



Core
Core
Benefit
Benefit
or
or
Service
Service

Features

Design

Warranty
Actual
Actual
Product
Product

Core
Core
Product
Product

AfterSale
Service


Product Classifications



Today’s Topics

Product 


Augmented Product
Augmented Product
Installation
Packaging
Brand
Name
Delivery
& Credit

Quality
Level

Core
Core
Benefit or
Benefit or
Service
Service

Features

Design


Warranty
Actual Product
Actual Product

Core Product
Core Product

After­
Sale
Service


Individual Product Decisions


Product Attributes
Branding
Labeling

Packaging
Product Support Services


Product Attributes

Developing a Product or Service Involves Defining the Benefits 
that it Will Offer


Quality

Quality

Features
Features

Design
Design


Product Attribute 
Decisions


Product
Product Quality
Quality

Ability
Ability of
of aa Product
Product to
to Perform
Perform Its
Its
Functions;
Functions; Includes
Includes Level
Level &
&
Consistency

Consistency

Product
Product Features
Features

Help
Help to
to Differentiate
Differentiate the
the Product
Product from
from
Those
Those of
of the
the Competition
Competition

Product
Product Style
Style
&
& Design
Design

Process
Process of
of Designing
Designing aa Product’s

Product’s Style
Style
&& Function
Function


Product
Product
Quality
Quality


Ability of a Product to Perform Its 
Functions; Includes Level & Consistency


Product
Product
Features
Features


Help to Differentiate the Product from 
Those of the Competition


Product
Product
Design
Design



Process of Designing a Product’s Style & 
Design


Branding


Brand

A name, term, sign, symbol, or design, or a combination of these, 
intended to identify the goods or services of one seller or group 
of sellers and to differentiate them from those competitors


What is a Brand?

It’s who you are...and what you stand for.


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