Marketing

Table of Contents

1. Topic pack - Marketing - introduction
2. 4.1 The role of marketing - notes
3. 4.1 The role of marketing - questions
4. 4.2 Marketing Planning - notes
5. 4.2 Marketing planning - questions
6. 4.3 Product introduction - notes
   1. Product
   2. Classification of products
   3. The total product and Marketing Myopia
   4. New product design and development
   5. New Product Development: Invention and Innovation
   6. Product development: the good, the bad and the ugly
   7. New product development
   8. New product development - case study
   9. Product life cycle
   10. Product life cycle - interactive diagram
   11. Product life cycle - case study (1)
   12. Product life cycle - case study (2)
   13. Product life cycle - case studies (3)
   14. Product life cycle - extension strategies
   15. The product life cycle & cash flow
   16. The product life cycle and product diffusion
   17. Product adoption - case study
   18. Product portfolio analysis
   19. The Boston Consulting Group (BCG) matrix
   20. Using the BCG matrix
   21. Branding
   22. The importance and role of branding
   23. Branding - activities
   24. Brand development
   25. Brand loyalty
   26. Types of branding
   27. Global Brands
   28. Marketing blunders
   29. Brand-as-person
7. 4.3 Product - questions
8. 4.3 Product - simulations and activities
9. 4.4 Price - notes
10. 4.4 Price - questions
11. 4.4 Price - simulations and activities
12. 4.4 Promotion - notes
13. 4.5 Promotion - questions
14. 4.6 Place (distribution) - notes
15. 4.7 International marketing - notes
16. 4.7 International marketing - questions
17. 4.8 E-commerce - notes
18. 4.8 E-commerce - questions
19. Printable version

4.3 Product introduction - notes

In the previous sections we examined the role, definition and nature of marketing, marketing planning, the marketing mix, marketing objectives, positioning and market research. In this section we will look at the classification of products, new product development, the product life cycle, product portfolios and branding.

By the end of this section you should be able to:

• Classify products by line range and mix
• Describe the importance of innovation in an era of rapid technological change and discuss the problems and financing research and development
• Analyse the relationship between the product life cycle and the marketing mix, and determine appropriate extension strategies
• Analyse the relationship between the product life cycle, investment, profit and cash flow
• Apply the BCG matrix to a given situation
• Discuss the importance and role of branding

• Use the BCG matrix to help in developing future strategic direction
• Distinguish between different types of branding
• Analyse the role of branding in a global market