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literature reviews of sales promotion strategies
review of literature about sales promotion
effects of sales promotion on consumer purchase decision
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Proposal for a Sales Promotion Campaign
For this coursework, I will produce a proposal for a sales promotion
campaign for a product or a range of products of a business that I
will choose.
The proposal will include
* Background to the product and market situation as well as an
explanation of the sales promotion strategy that I will decide
that is most appropriate to promote my product.
* Objectives for the promotion.
* An explanation of the type pf promotion that I will choose for the
product.
* An explanation of other types of promotion that I could use.
* Finally, examples of different communication materials that you
could use to publicise and explain the sales promotion
effectively.
Background
By using different types of sales promotions and communicating
methods, I feel that this product would be appropriate to carry out my
sales promotion case study on because it is an existing product which
is doing really well within the market and I believe it has the
potential to do even better in the existing market.
Product life cycle
==================
This is an important concept for the marketing of a product or service
in any company. It is part of the strategic planning process for the
product or service that is being offered. In this case, using a food
item, the lifecycle will tend to be longer than for a new
technological item. Like any product in the market or anything in the
world, ‘Nothing lasts forever’. In the long term, Walkers Doritos will
decline and exit the market. There are five main phases that a product
goes through.
They are:
· Development: each new product idea has to be researched, designed
and tested, this may take a few weeks to months. All of this requires
funding, so it is important to calculate the extent of such costs when
... look out for high profile contacts and good image building activities especially due to the on going outsourcing concern. As community theatre boards include executive level staff these consulting companies could get high visibility and a sophisticated image by pairing up with something as ?cultured? as theatre. These companies can be requested by the boards of community theaters to sponsor the building and maintenance of the theatre websites in exchange for good PR and contacts.
Promotion services can be used for increasing sales, raising awareness or concerns about certain issues, altering public opinion or developing a brand image. For Smucker, the most immediate objective will be to alter public opinion and improve its brand image. The objectives must be specific and can easily be evaluated and measured. These will include 1) clarifying the position of the company on the issue of GMO 2) interacting with the target audience to change their perceptions of the company. 3) opening up to criticisms and rectifying the situation through change of company policy on the issue 4) addressing consumers concerns on the activities of the company and aim at increasing visitor loyalty to the
Having a well established customer line the company needs to promote the Only Natural Pet Food with signage and discounts before and after the product launch. Also, this marketing strategy allow the company to set up kiosk the company can offer free samples on select days, option to fill out questionnaire for further discounts on new product
Direct-to-consumer (DTC) advertising refers to one of the marketing strategies in a pharmaceutical industry. As pharmaceutical products directly affect people's lives and health, many industrialized countries ban DTC advertisements; the United States and New Zealand are the only industrialized countries that allow DTC advertising of prescription medicines. However, there is a controversy over whether DTC advertising, as one of the most effective forms of mass communication, should be more regulated than it is now. This debate is ongoing. This research argument, however, contends that people need stronger regulations against many DTC advertisements in the pharmaceutical industry because they are usually manipulative and misleading to people.
Individually, each of the sections are factors that contribute to influencing a consumer to purchase a product and collectively they are called the Four P’s of Marketing. Some product features and benefits that we have would be our consumer friendly packaging. All of our packaged meats, including sausages are sealed in vacuum sealed plastics, which not only prevents meats from spoiling but it also preserves freshness and in addition to this, many of our sausages are pre-seasoned meaning that it reduces the amount of work needed by the consumer. The price of our product is very fair as well, as a vast majority of our livestock is supplied through our own agribusiness side. This not only makes it cheaper for us to make the product due to lower labor and supply costs, but it also makes the product more cheaper and affordable for the consumer. Our promotion is currently done mainly through online advertisements or on the TV as these are the types of promotion that reach the most consumers, and we currently market our products to retailers and wholesalers with transportation mainly done through land travel in domestic
Firstly, one of the most important focuses would be given to the target customer as we will need to know more about their taste and preferences. What it is they need and or want. Particular topics covering this area will be, the need for ‘Market segmentation’, identifying a competitive position in the market about to enter in the market and studying consumer behaviour, will all be discussed.
Marketing is not just about selling and advertising products and services. In general, marketing is associated with identifying the particular wants and needs of a target market of customers, and then working to satisfy those customers better than the competition. This involves doing market research on customers, analyzing their needs, and then making strategic decisions about product design, pricing, promotion and distribution or place (Bethel, 2007). Understanding ways to identify the target market is crucial in developing market strategy. This paper is intended to define target marketing and examine a market analysis of Stacy's Pita Chip Company.
Significantly, for pharmaceutical companies to continue to increase its profits in the United States of America, the role of direct-to-consumer and direct-to-physician advertisements lays the groundwork for pharmaceutical companies to succeed in a free-market society. However and often ignored by most pharmaceutical companies, its advertisements are heavily consumed with bias and deceiving information about its medical medications and medical treatments towards both consumers and physicians alike. In Amanda L. Connors’ article titled, Big Bad Pharma: An Ethical Analysis of Physician- Directed and Consumer-Directed Marketing Tactics, explains how pharmaceutical companies forget their moral objective of providing safe and effective medical medications
The following plan is intended to provide a basic marketing communications plan for a fictitious company. The company in question operates in China and produces soft drinks, particularly adult soft drinks. The information in the plan has been sourced from various textbooks and online research including the National Bureau of Statistics China.
The main objective of this report is to develop and provide a sales and marketing plan for which the company will help to generate more profit and acquire more customers to patronize the product. This report will cover the period of 2016 to 2017 which will serve as guidelines that needs to follow of the employees, managers and management team to reach the desired goals and target for the company.
This article studies the relationship between advertising and sales promotions and their impact on brand equity. A main priority for most companies is to establish and achieve a strong and powerful brand name. A company can build a strong brand name by creating the market for their customers want. By creating a strong brand name, a company will become more established. Brand equity is important to the producer, retailer and consumer. The consumer knowledge of the brand says how the producer will produce and market the product. The consumer knowledge of the brand name also determines the quantity the retailer will sale. Brand equity can have a positive or negative effect. A positive effect would be for everyone to recognize the name and purchase the product. The negative effect would be to have the product recalled. Brand equity is important because it can offer many advantages for a company. Brand equity can create a high demand for your product, reduce marketing cost and the company’s brand name will have high credibility.
Promotion. Finally comes promotion - informing the customer on the qualities and advantages of the product so that the potential buyer learns about the product, prefers it to those of the competitors, and has an opportunity to buy it at some place.
etc. I am first going to draw up a research plan as; it is going to
via promotional stalls and kiosks to create brand awareness and allow customers to first hand taste
Marketing and Branding is essential to survival. The possibility of food specials will need to be explored, as well as discounts for students, the elderly, and veterans. The ability...