- Costs and Expenses
- Supply and Demand
- Consumer Perceptions
- Competition
What are basic brand elements?
- Brand Position
- Brand Promise
- Brand Personality
- Brand Story
- Brand Associations
What is the difference between brand and branding
Your brand is how others perceive your business. It’s the emotional connection that you make with your audience.
Branding is the set of actions you take to build your brand. It’s a process that you go through to influence how others perceive your brand.
What is the customer value
Customer value is best defined as how much a product or service is worth to a customer.
It’s a measure of all the costs and benefits associated with a product or service.
Examples include price, quality, and what the product or service can do for that particular person.
What do you mean by promotion
In terms of a career, promotion refers to advancing an employee’s rank or position in a hierarchical structure.
In marketing, promotion refers to increasing intention on a product through advertising or a discounted price.
What is value proposition
A value proposition is a simple statement that clearly communicates the product or service benefit you promise to deliver to your customers.
It’s ultimately what makes your product attractive to your ideal customer.
What is level of product
A particular product has 5 levels (core benefit, generic product, expected level, augmented product, potential product).
When a buyer buys a product, he buys a package, not only the tangible product.
Why are there 7Ps and not 4Ps
Characteristics of 4Ps and 7Ps As mentioned above, the 4Ps include Place, Price, Product and Promotion.
The 7Ps model, on the other hand, is a combination of the 4Ps with 3 additional segments, which refer to People, Process and Physical evidence.
People are presenting how our business works inside.
Which is type of brand
Brands are considered to be among a company’s most important and valuable assets. Companies can protect their brands by registering trademarks.
Types of brands include corporate, personal, product, and service brands.
What is local market
Local Market means a geographic region within the state where a product is available for purchase by a retailer from two or fewer industry members.
What are the 4 P’s of Coca Cola
It analyses the 4Ps (Product, Price, Place, and Promotion) of Coca-cola company and explains its business & marketing strategies.
The Coca-Cola Company is an American multinational corporation. It is best known around the world for its flagship product, Coca-Cola.
The Coca-Cola Company has a wide product range.
What is 5C life
“Five Cs of Singapore”namely, cash, car, credit card, condominium and country club membershipis a phrase used in Singapore to refer to materialism.
Why is 4Ps important
The 4Ps of marketing is a model for enhancing the components of your “marketing mix” – the way in which you take a new product or service to market.
It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand.
What is a situational analysis
What is situational analysis? Situational analysis is the process of collecting information to analyse the internal and external affairs of a business.
It enables you to use information you gather to evaluate the current state of your business, projected growth, strength and weakness and access to your competitors.
Who is the founder of 4Ps
De Lima, the principal author and sponsor of the 4Ps law in the Senate, filed Proposed Senate Resolution (SR) No. 894 also seeking to suspend the graduation of existing household beneficiaries from the program amid the current global health crisis.
How do you calculate price?
- Cost price = Raw Materials + Direct Labor + Allocated Manufacturing Overhead
- Selling price = Cost price x 1.25 SP = 50 x 1.25
- Gross Profit = Total Revenue – Cost of Goods Sold Gross Profit Margin = Gross Profit / Revenue
Sources
https://www.modernpostcard.com/knowledge/articles/successful-branding-five-key-elements-and-one-mantra
https://www.helpscout.com/blog/new-4ps-of-marketing/
https://uk.indeed.com/career-advice/career-development/situational-analysis
https://katanamrp.com/blog/how-to-calculate-selling-price/
https://inhousemarketing.co.nz/the-marketing-mix-5-ps-helping-you-choose-the-right-strategies/
