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4P Product Slide
4P Product Slide
Product in 4Ps of
MARKETING
Nguyen Le Nha Tu
Tran Luong Bao Tran
Pham Ngoc Phuong Linh
Truong Bao Ngoc
Ly Thanh Nguyen
Bui Hoang Giang
Le Van Tu
Bui Anh Duy
Table of Content
01 02 03 04
Classifications Quality of Core Component Product and
of products and Product of Product Culture
services
05 06 07 08
Level of product Consumer New product Product life cycle
and service product and development strategy
branding strategy strategy
01
CLASSIFICA
-TIONS OF
PRODUCTS
AND
SERVICES
CLASSIFICATIONS OF
PRODUCT AND SERVICE
- Home Service Restaurants: These restaurants offer home delivery and takeaway.
- Restaurant Based Delivery: These restaurants are full service restaurants combined with a
delivery and takeaway service.
MAINTAINING QUALITY
Market-perceived quality issues: different taste
because of its formulation, success in competitive global
market, and the decision to standardize or adapt a
product is crucial in delivering quality.
QUALITY
Quality is associated with customer satisfaction
03
CORE
COMPONENT
OF PRODUCT
PRODUCT
COMPONENT
MODEL
08/ 13
THE CORE COMPONENT
-Physical product—the platform that houses the necessary
technology—as well as all its design and functional
characteristics.
CORE COMPONENTS
Ex: Japanese kids ate Nestlé's cereal as snacks rather than for
breakfast so they modified its cereals to match Japanese taste more
closely in order to expand the product's market.
12/ 13
THE PACKAGING COMPONENT
Style features, packaging, labeling, trademarks, brand name,
quality, price, and all other components of a product's package
The relevance of each of the aspects in the eyes of the consumer is
determined by the need that the product is supposed to meet, just
like the core component.
85% FAIL
Poor marketing research;
Lack of understanding of
customer needs;
No market to develop.
Randall L.Schultz (2001, February). The Role of Ego in Product Failure. University of Iowa
http://www.theproduct.com/faculty/papers/ego.pdf
THE NEW PRODUCT DEVELOPMENT PROCESS
Growth
Period of rapid market
acceptance and increasing
profits
Maturity
Acceptance from
potential customers,
profits level off or
decline. Decline
The period when sales
fall off and profits drop,
as a new invention
PIZZA HUT CASE STUDY:
TUSCANI PASTA
Decline stage:
Development stage:
- Revenue decreasing
- Profit growing
- Keep famous products in line
- Find more attraction
- Searching the demands
- Perfect time for new features
Tuscani
Pasta
C. D.
PRODUCT
HOMOLOGATION DEVELOPMENT
Q. 2: Trade Mark, Brand name are which
component of product?
A. B.
CORE PACKAGING
COMPONENT COMPONENT
C. D.
SUPPORT NONE OF
SERVICE THE ABOVE
COMPONENT
Q. 3: A product is the sum of the physical
and psychological satisfactions it provides
the user
A. B.
TRUE FALSE
Q. 4: . . . . . . . . . contains the basic values, and
brings to satisfy a certain need of the
customer.
A. B.
CORE CORE CUSTOMER
COMPETENCIES VALUE
C. D.
ACTUAL AUGMENTED
PRODUCT PRODUCT
Q. 5: Sales is highest in Growth Stage of
product life cycle?
A. B.
TRUE FALSE