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Slide 1

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Managing the business…read more

Slide 2

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Marketing plan
Marketing objectives: A target or goal the
business hopes to achieve through outcomes
of a marking plan. EG. INCREASE SALES,
BRAND IMAGE. To do this the business must
make sure that staff are aware of the outcomes
and to concentrate on communication.
Marketing strategy: Medium-Long term plan
for meeting marketing objectives. POISE-
Profitable, Offensive, Integrated, Strategic and
Effective. Includes market research.
Factors that may affect businesses: MARKET
*MECCF…read more

Slide 3

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Marketing Mix
Product- What is the product? Does it meet
customers needs?
Place- Where is the product made
available? Where is it produced?
Promotion- How are customers aware of
the product? (Above the line promotion:
adverts,radio. Below the line promotion:
direct mail)
Price- Does the price cater to customers
needs? (Price skimming: high price to start
off with, Price penetration- low price to
start)…read more

Slide 4

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Product life cycle: Theory that all products
follow the same pattern of sales over time.
DIG more slowly dear.
Development: business manufacturing
the product. Cost ^ Promotion
Introduction: product new to the
market. Sales Promotion ^
Growth: ^ Sales, Promotion ^
Maturity: Costs lower, products diversify,
competition ^
Saturation: ^ competition
Decline: costs , Price discount, promotion,
sales…read more

Slide 5

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Boston Matrix: Marketing model that assess all
products in the product portfolio in terms of
market share and market growth.
Star: Promotion is important
Cash cow: `Leader' product, advertising is
Problem child: Product relaunch may be…read more

Slide 6

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Social trends: factors that affect the
production of the product and the
Recyclable packaging: this includes re using
the packaging as much as possible (waste
materials). Attracts customers, good
reputation, supported by agencies. Expensive
and could affect the quality of the product.
- Food miles: The calculation of how much
travelling is involved making the product to
- Sourcing sustainable materials: buying
products that will not affect Long term
supplies of the product.
Environmental factors: i.e. Carbon footprint…read more

Slide 7

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Slide 8

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Slide 9

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Slide 10

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