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Marketing Management: Click To Edit Master Subtitle Style
Marketing Management: Click To Edit Master Subtitle Style
Marketing Management: Click To Edit Master Subtitle Style
Lec-6
4/16/12
Promotion
Every activity undertaken to communicate with target and prospective customers using different media options.
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Positioning
Perception Belief
of consumers.
of customers.
Buying
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Elements of Positioning
1.Target Market Right market Right segment Special competencies Target mkt alternatives :a)Undifferentiated targeting Mass market strategy Unified market 4/16/12 Homogeneous needs
b)Concentrated Targeting Single segment Needs of target customers c)Multi-segment Targeting Two or more segments High sales , profits, market share , economies of scale. High exp also-production , promotion 4/16/12 , inventory , market
2. Differential Advantage Advantage over competitor. 3. Communicating the differential advantage to customers. Appropriate Offering Promotional activities
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differentiation differentiation
differentiation
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Voice
Customers
communication is more effective than mass communication but mass communication has to be strong to give the right message.
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