Product, Services, and Branding Strategy
Product?
anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need.
also include services, events, persons, places, organizations, ideas, or mixes of these.
Services
form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.
Levels of Products
Core customer value
Actual product
Augmented product
Types of Products
Consumer products
Industrial products
products and services bought by final consumers for personal consumption
purchased for further processing or for use in conducting a business
Convenience products
consumer products and services that customers usually buy frequently, immediately, and with a minimum of comparison and buying effort
Shopping products
less frequently purchased consumer products and services that customers compare carefully on suitability, quality, price, and style
Specialty products
consumer products and services with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort.
Unsought products
The product experience
buying more than physical product
also buying the experience of using it
Industrial product
Raw Material/parts
include raw materials and manufactured
materials and parts
Capital items
products that aid buyer's production or operations,
including installations and accessory equipment
Brand strategy
Positioning
Sponsorship
Name Selection
Development
Attributes
Benefits and Values
Belief
Selection
Protection
Manufacturer brand
Private Brand
Licensing
Co Branding
Line Extensions
Brand Extensions
Multibranding
New Brands
Service Marketing
Service Marketing Strategies
Service Characteristics
Intangibility
Inseparability
Variability
The service profit chain
Managing service quality
Managing service differentiations
Managing service productivity
Products and service
decisions
Product mix
Depth
Consistency
Width
Individual products(products attributes)
Branding
Packaging
Labelling
Products service support
Product line
Stretching
Filling