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THE PRODUCT LIFE CYCLE
Slide 11-11
• Product Life Cycle
Primary Demand
• Introduction Stage
Selective Demand
Skimming Pricing
Penetration Pricing
THE PRODUCT LIFE CYCLE
Slide 11-16
• Growth Stage
Repeat Purchasers
• Maturity Stage
Deletion
Harvesting
• Decline Stage
THE PRODUCT LIFE CYCLE
Slide 11-19
Length of the Product Life Cycle
• Some Dimensions of theProduct Life Cycle
Shape of the Product Life Cycle
• Generalized Life Cycle
• High-Learning Product
• Fashion Product
• Low-Learning Product
• Fad
THE PRODUCT LIFE CYCLE
Slide 11-24
The Life Cycle and Consumers
• Some Dimensions of theProduct Life Cycle
• Diffusion of Innovation
MANAGING THEPRODUCT LIFE CYCLE
Slide 11-28
• Modifying the Product
Product Modification
Finding New Users
• Modifying the Market
Market Modification
Increasing Use
Creating New Use Situations
MANAGING THEPRODUCT LIFE CYCLE
Slide 11-30
• Repositioning the Product
Reacting to a Competitor’s Position
Catching a Rising Trend
Reaching a New Market
Changing the Value Offered
• Trading Up
• Trading Down
• Downsizing
BRANDING ANDBRAND MANAGEMENT
Slide 11-35
• Branding
Brand Personality
Brand Equity
Creating Brand Equity
• Brand Name
• Brand Personality and Brand Equity
Valuing Brand Equity
BRANDING ANDBRAND MANAGEMENT
Slide 11-39
Manufacturer Branding
• Picking a Good Brand Name
• Branding Strategies
• Multiproduct (Blanket/Family) Branding
• Line Extension • Brand Extension
• Subbranding
Multibranding
BRANDING ANDBRAND MANAGEMENT
Slide 11-45
Private Branding
• Branding Strategies
• Private Labeling
• Reseller Branding
Mixed Branding
CREATING CUSTOMER VALUE THROUGH PACKAGING
AND LABELING
Slide 11-46
• Packaging
• Communication Benefits
• Functional Benefits
• Perceptual Benefits
Label
GENERAL PRICING APPROACHES
Slide 12-18
• Demand-Oriented Approaches
Skimming Pricing
Penetration Pricing
Prestige Pricing
Odd-Even Pricing
GENERAL PRICING APPROACHES
Slide 12-23
• Demand-Oriented Approaches
Target Pricing
Bundle Pricing
Yield Management Pricing
GENERAL PRICING APPROACHES
Slide 12-27
• Cost-Oriented Approaches
Standard Markup Pricing
Cost-Plus Pricing
• Profit-Oriented Approaches
Target Profit Pricing
Target Return-on-Sales Pricing
Target Return-on-Investment Pricing
GENERAL PRICING APPROACHES
Slide 12-29
• Competition-Oriented Approaches
Customary Pricing
Above-, At-, or Below-Market Pricing
Loss-Leader Pricing
ESTIMATING DEMANDAND REVENUE
Slide 12-30
• Fundamentals of Estimating Demand
Demand Curve
• Consumer Tastes
• Price & Availability of Similar Products
• Consumer Income
ESTIMATING DEMANDAND REVENUE
Slide 12-32
• Fundamentals of Estimating Demand
Movement Along vs.Shift of a Demand Curve
• Elastic Demand
Price Elasticity of Demand
• Inelastic Demand
DETERMINING COST, VOLUME, AND PROFIT RELATIONSHIPS
Slide 12-43
• Break-Even Analysis
Break-Even Point (BEP)
Applications of Break-Even Analysis
Calculating a Break-Even Point
• Break-Even Chart