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Meeting With The Supervisor Project File
Meeting With The Supervisor Project File
The supervisor gave me full of support. I am very glad to submit this project to you. This project
contains the overall promotional activities of close-up toothpaste as a brand. My project is an eye
opener for me. I had little knowledge on this issue before writing this project. I wish my
supervisor should forgive me and give me the scope of developing knowledge on this topic.
The points are given below:
1. Make the project relevant.
2. Make the research accessible.
3. Reinforce the project continuously.
4. Make research project an ongoing program.
5. Reward on service behaviors.
6. Align hiring practices.
7. Timing and length of meetings.
8. Submission of work.
9. Review new project and distribution.
10. Brands are owned by customers, not engineers.
11. Find relevant emotional associations for the brand.
12. Timings for response to Email.
13. Choosing specific metrics.
14. Establishing a successful brand equity management system.
15. Expectations of the supervisor.
My first meeting with Dr. Md. Shariful Alam who is my supervisor for project, major in
marketing was very good. I should know about the rules and regulations to do a project.
1. Sales force evaluation and control.
2. Setting performance standards.
3. Frame value perceptions.
4. Achieving customer satisfaction to creating customer loyalty.
5. Growth of private labels.
Activity2:
1. Personal selling: one of the most effective ways of customer relationship. Such
selling works best when a good working relationship has been built up over a
period of time.
This can also be expensive and time consuming, but is best for high value or
premium products.
Activity 3:
Quota sampling is used when the company is short of time or the budget of the
person who is researching on the topic is limited. Quota sampling can also be used
at times when detailed accuracy is not important. To create a quota sample,
knowledge about the population and the objective should be well understood so
that the researcher can choose the relevant stratification; next is to calculate quota
from each section of the population and at the end keep on adding samples until the
quota for each section is met.
Quota sampling has its own advantages. It is an easy process to carry out and
decipher information once the sampling is done. It also improves the representation
of any particular group within the population thereby ensuring that these groups
are not over-represented.
Activity 5:
Promotion is a type of communication between the buyer and the seller. The seller
tries to persuade the buyer to purchase their goods or services through promotions. It
helps in making the people aware of a product, service or a company. It also helps to
improve the public image of a company. This method of marketing may also create
interest in the minds of buyers and can also generate loyal customers.
It is one of the basic elements of the market mix, which includes the four
P’s: price, product, promotion, and place. It is also one of the elements in
the promotional mix or promotional mix or promotional plan. These
are personal selling, advertising, sales promotion, direct marketing
publicity and may also include event marketing, exhibitions, a Types of
Promotion
Advertising
Direct Marketing
Sales Promotion
Sales promotion uses both media and non-media marketing communications for a
pre-determined, limited time to increase consumer demand, stimulate market demand
or improve product availability.
Personal Selling
Public Relation
Activity 6:
Q1. Airtight containers and packets used for chips, biscuits, and jams etc., are the
example of
a. Product identification
b. Product promotion
c. Differentiation of a product
d. Product Protection
And trade shows.
Activity 7:
Functions of Marketing
Marketing is the process that comprises of all the activities involved from the concept
of the product all the way till it reaches the final consumer. So there are a lot of
activities in this process, which we call the functions of marketing. Let us take a look.
Activity 8:
One of the first steps the company needs to take is to identify the needs and wants of
the consumers in the market. To do so they must gather information and analyse this
information. Once you understand your customer thoroughly you can base your
product design on this information.
3] Product Development
As per your consumer research, we then develop the product that suits the
needs of the consumer. The design of the product is also an important factor in
many products. Like for example when buying a car, the design will play a
huge factor. There are other factors to be considered like cost, durability etc
6] Branding
One important decision the company has to make is whether they want the
product to have an individual identity in the market or they want it to be
recognized by the brand name.
Certain brands enjoy incredible goodwill in the market and it can benefit the
product. But you may also want the product to have a separate identity so it
can flourish on its own attributes.
8] Pricing
This may be one of the most important functions of marketing. The price of a
product will largely determine its success or failure. Factors like demand,
market conditions, competition prices etc will be considered to come up with
the correct pricing strategy.
One other thing the company must remember that prices of the products
should not be changed too frequently. This leads to confusion in the market.
9] Promotion
This is where you inform the customers of your product and persuade them to
buy it. There are four major promotion methods – advertising, personal selling,
sales promotion and publicity. The company must decide on its best promotion
mix, a combination involving all or some of these four methods.
10] Distribution
Here the company must ensure the correct distribution channel for its product.
It will depend on a variety of factors such as the concentration of the market,
shelf life of the product, company’s capital requirements etc. Inventory
management is another important factor the company must look into.
11] Transportation
The physical movement of the goods from its place of production to its place
of consumption is transportation. It is a very important function of marketing.
Activity 9: The company must analyze the geographical boundaries of its
market. This will help them choose the correct modes of transportation.
12] Warehousing
As we have seen there is always a lag time between the production and the
consumption of most goods. Sometimes the products are seasonal or the
supply is irregular or there are production difficulties. But companies like to
maintain a smooth flow of goods. So storage and warehousing of goods are
necessary.
Activity 10:
Activity 12:
The word publicity is derived from the French word ”publicité”. It is the movement
of information to the general public from the media. The subjects of publicity include
people (for example, politicians and performing artists), goods and services,
organizations, and works of art or entertainment.
Activity 13:
Importance of Labelling:
Labeling is another very important factor in a product. It should show the correct
information about the product. This is all the more important in products such as
pharmaceuticals. Labeling should also contain information relating to whether the
product has harmful chemicals, especially if it is a product that is meant for children.
Activity 14:
Marketing can simply be described as a sum total of all process and activities
involved in the efforts to create and sell goods and services to the customers. Every
activity from designing the product, pricing, packaging, selling, promotion etc are an
element of marketing.
In every market, while launching a product there are both controllable and
uncontrollable factors. The uncontrollable factors, over which the company has
absolutely no say, are the government policies, money in the market, economic
conditions etc. But then there are controllable factors like the design of the product,
its price point etc. These controllable factors are what we call marketing tools.
And marketing mix is a unique set of these marketing tools the company must shape
to be ideal for the market conditions. The four main elements of the marketing mix
are Place, Product, Price, and Promotion.
In the Firm/Company
Activity 15: Marketing is actually the key to achieving the main objective of the
firm. This can be to earn profits or to achieve some other aim. Even non-profitable
organizations (like say for example Red Cross) require the modern tools and
ideologies of marketing to achieve their goals. Marketing will not only help them
spread awareness but can also significantly help with raising funds and
securing donations.
In a firm marketing helps them realize consumer needs. Market research will allow
the firm to recognize the needs of the consumers to be met, and even help design the
perfect goods/services to meet this needs. Right from the design process, to the
distribution channel, promotions etc up to the after-sales service are a part of
marketing.
If the marketing philosophy is executed perfectly, the firm will meet all the needs of
a potential consumer. And a happy customer is a return customer. Marketing is the
key to the success, growth and long-term future of any firm.
Activity 16:
Marketing will also help overcome the obstacles to entering a new market. It keeps
the demand and supply of goods in check by ensuring smooth production and
distribution of goods. So the production and consumption balance out and the price
remains stable in the long run.
Consumer Products
Products are broadly classified into two categories – consumer products and
industrial products. Consumer products are products that the ultimate consumer
purchases himself for direct use. The consumer purchases these consumer products to
satisfy his personal needs and desires. Some examples of consumer products are
toothpaste, eatables, textiles, computers etc and various such products.
Now there are many types of consumer products as well. Let us take at the
classification of consumer goods based on the shopping effort involved:
Convenience Products: These are consumer goods that are very convenient
to purchase. They are bought frequently and with very little effort. Examples
include medicines, toiletries, newspapers etc. Such convenience products have
ongoing and continuous demand. Such goods are also bought in small
quantities and are also generally lowly priced.
Shopping Products: To shop for these consumer products, consumers
devote considerable time and effort. They compare prices and features and a lot
of thought is involved before making the decision to buy. Some such examples
are electronics, furniture, jewelry etc. These products generally fall in the
higher price range. Such products are pre-planned purchases.
Specialty Products: For specialty products, consumers make special efforts
to buy them. They are not your regular run of the mill consumer products. The
buyer is willing to go through a lot of effort to purchase such products. Take for
example any artwork, paintings, sculptures etc. The demand for such specialty
products is usually pretty limited and the prices are high.
Industrial Products
These are products which are used as input for manufacturing other products. Unlike
consumer goods, these are not for direct consumption. These are meant for business
and non-personal use. Some examples of industrial products are raw materials,
machines, tools etc.
Here the demand for industrial products is limited. Since they are not consumer
goods the demand for them is not vast. The three broad categories of
Industrial goods are as follows
Machine and Machine Parts: These goods are used entirely in the
manufacturing process. These include raw materials like cotton, lumber,
petroleum etc. They also include manufactured products like glass, rubber etc.
Capital items: These are goods/products used to manufacture finished
goods. They include installations (lifts, mainframe computers etc) and
equipment (hand tools, personal computers etc)
Business Services and Supplies: These are industrial goods and services
that facilitate the manufacturing process. They include services such as
painters, technicians, maintenance, and repairs. And products such as
lubricants, stationary etc.
1] Introduction
As the name suggests this is the stage of introduction of the product to the market. At
this stage, the demand for the product is only a proved demand and not effective
demand. This stage is categorized by the following features
The product’s sale is at its lowest and is increasing but very slowly
During the introduction, the promotion expense is very high. Extensive
promotions have to be undertaken to create awareness and demand for the
product.
The products are put in limited outlets. The distribution is also kept limited to
a few channels. The point is to try out the product before
expanding distribution.
2] Growth Stage
This is the second stage of the product lifecycle. Now the sales begin to take off and
the product becomes well known. Some other characteristics are
3] Maturity Stage
This is the stage where the market saturates and sales growth of the firm slow
down and finally stabilizes at a stage.
Competition in the market will intensify in this stage. All competitors will
want to maintain a production level to enjoy economies of scale
This stage may also see a price war in order to keep their market share.
Reducing prices may affect the profit margin of the company.
4] Decline Stage
This the terminal stage of the products, they are no longer relevant in the market. So
the end of this stage is the eventual demise of the product in the market.
Activity 17:
1. To Stimulate Demand
2. To Inform Consumers
3. To Persuade Consumers
5. To Face Competition
Thus, market promotion can help company realize various objectives. Company
can increase sales, improve its image, and maintain close and live contact with the
market by suitable promotional efforts. A company’s survival, growth, and
development are based on how effectively it communicates with the market.
Activity 18:
New products and new organizations are often unknown to a market, which means
initial promotional efforts must focus on establishing an identity. In this situation,
the marketer must focus promotion to: 1) ensure the message reaches customers,
and 2) tell the market who they are and what they have to offer.
The right promotion can drive customers to make a purchase. In the case of
products that a customer has not previously purchased or has not purchased in a
long time, the promotional efforts may be directed at getting the customer to try the
product. This is often seen with mobile apps, where software companies offer free
limited versions of their products. For products with an established customer-base,
promotion can encourage customers to increase their purchasing by providing a
reason to purchase products sooner or purchase in greater quantities than they
normally do. For example, a pre-holiday newspaper advertisement may remind
customers to stock up for the holiday by purchasing more than they typically
purchase during non-holiday periods.
Once a purchase is made, a marketer can use promotion to help build a strong
relationship that can lead to the purchaser becoming a loyal customer. For instance,
many retail stores now ask for a customer’s email address so that follow-up emails
containing additional product information or even an incentive to purchase other
products from the retailer can be sent in order to strengthen the customer-marketer
relationship.
Activity 19:
Content marketing was all the rage last year and will continue to be for the
foreseeable future. Adoption rates have skyrocketed among brands around the
world. Every minute of every day, 100,000 tweets are shared, 571 new websites
are created and over 347 blog posts get published.
What marketers are starting to figure out is that creating and publishing content
alone usually isn’t enough to cut through the noise. Without an existing and
established audience, published content in many industries will fall on deaf ears no
matter its quality or quantity. The audiences are out there, but they’re reading other
websites.
To give branded content the visibility it deserves and to expedite audience growth,
marketers should focus much more attention on the two types of content
distribution and promotion: earned and paid media. Below are 13 of the most
commonly used distribution and promotion channels online and what value they
potentially can bring to the table.
Activity 20:
1. News Coverage — Getting a brand talked about in the news is one of the main
tasks of the public relations industry. However, in this context there’s a twist. It’s
not just about pitching the media and getting coverage for a brand; it’s about
getting real news coverage for a brand’s content — highly valuable and tough to
do.
7. Comment Citation — This has long been synonymous with blog and forum
commenting spam and was an early SEO link-building tactic. Today, this is a
dangerous SEO tactic. However, people do leave legitimate citations in online
comments, and they can influence people to click. Some agencies and applications
still provide this as a service, and there’s no shortage of buyers. For this reason, it’s
on the list.
9. Native Facebook Feed — Just last year, Facebook rolled out the mobile version
of its sponsored stories and figured out what PR pros have known for years: