Dimensions of Marketing Strategy

Test Marketing
A trial minilaunch of a product in limited areas that represent the potential market
Commercialization
The full introduction of a complete marketing strategy and the lunch of the product for commercial success.
Consumer Products
Products intended for households or family use
Business Products
Products that are used directly or indirectly in the operation or manufacturing processes of businesses.
Product Line
A group of closely related products that are treated as a unit because of similar marketing strategy, production, or end-use considerations
Product Mix
All the products offered by an organization.
Branding
The Process of naming and identifying products.
Trademark
A brand that is registered with the U.S. Patent and trademark office and is thus legally protected from use by any other firm.
Manufacturer Brands
Brands initiated and owned by the manufacture to identify products from the point of production to the point of purchase.
Private Distributor Brands
Brands, which may cost less that manufacturer brands, that are owned and controlled by a wholesaler or retailer.
Generic Products
Products with no brand name that often come in simple packages and carry only their generic name.
Packaging
The external container that holds and describes the product.
Labeling
The presentation of important information on a package.
Quality
The degree to which a good, service, or idea meets the demands and requirements of customers.
Price Skimming
Charging the highest possible price that byers who want the product will pay.
Penetration price
A low price designed to help a product enter the market and gain market share rapidly.
Psychological Pricing
encouraging purchases based on emotional rather that rational responses to the price.
Discounts
Temporary price reductions often employed to boost sales.
Marketing channel
A group of organizations that moves products from their producer to customers; also called a channel of distribution
Retailers
Intermediaries who by products from manufacturers (or other intermediaries) and sell them to consumer for home and household use rather that for resale or for use in producing other products
Wholesalers
Intermediaries who buy from producers or from other wholesalers and sell to retailers.
Intensive Distribution
a form of market coverage whereby a product is made available in as many outlets as possible
Selective Distribution
a form of market coverage whereby only a small number of all available outlets are used to expose products
Exclusive Distribution
The awarding by a manufacturer to an intermediary of the sole right to sell a product in a defined geographic territory
Physical Distribution
All the activities necessary to move products from prouder to customers; inventory control, transportation, warehousing, and material handling
Transportation
the shipment to products to buyers.
Warehousing
The design and operation of facilities to receive, store and ship products.
Material Handling
The physical handling and movement of products in warehousing and transportation
Integrated Marketing Communications
coordinating the promotion mix elements and synchronizing promotion as a unified effort
Advertising
A paid form of nonperson communication transmitted through a mass medium, such s television, magazine advertisements, and online ands.
Advertising campaign
Designing a series of advertisements and placing them in various media to reach a particular target market
Personal Selling
Direct, two0-way communication with byers and potential buyers.
Publicity
Nonpersonal communication transmitted through the mass media but not paid for directly by the firm
Sale Promotion
Direct inducements offering added value or some other incentive for buyer to enter into an exchange
Push Strategy
An attempt to motivate intermediaries to push the product down to their customers
Pull Strategy
The use of promotion to create consumer demand for product so that consumers exert pressure on marketing channel members to make it available
Promotional positioning
The use of promotion to create an maintain an image of a product in buyer’ minds