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Recommended: Defining marketing
Generally marketing is defined by ‘Marketing is a business term referring to the promotion of products, advertising, pricing, distribution channels, and branding. The term developed from the original meaning which referred literally to going to market, as in shopping, or going to a market to sell goods or services.’ This is a definition everyone can easily found on Wikipedia, but is it sufficient?
According to Kotler ‘Marketing is more than any other business function, deals with customers. Creating customer value and satisfaction are at the very heart of modern marketing thinking and practice.’
This essay will provide an analysis of the marketing news story which appeared in 2008, about Cheestrings, a Kerry Foods’ cheese snack for children which has a revamped look appropriately designed for target market. What is this marketing news story about? What are the company’s marketing strategies? What is their positioning and wider implication in the market? And what relation can we make with Kotler’s edition?
Because they always want the best for their children, ‘Cheestrings aims at parents.’
And nowadays, every child in this consumption society wants his daily snack, but, it has to be not too strong taste (if it is a cheese), not too acid or sweet yoghurt …
So, it is hard to make children consumers of milk. However dairy products are essentials for a good natural growth. Therefore parents are looking for some nutritional food which is healthy for them. This is an opportunity for Kerry Foods business. The solution: combine nutrition and imagination.
This is the reason why, by renewing the packaging of his product, ‘Kerry Foods attempts to make the product seem less artificial’ with a ‘softer purple logo’ and a ‘different character illustration’ on each individual wrapper, creating the idea as ‘each Cheestring containing a glass of milk.’
Moreover, Cheestrings has a various range of tastes: ‘Original Cheddar, Twister, White Cheddar and Light variants.’
‘Today, marketing must be understood not in the old sense of making a sale – ‘telling and selling’ – but in the new sense of satisfying customers’ needs.’ (Kotler)
‘A marketing strategy should be centred on the key concept that customer satisfaction is the main goal.’(Wikipedia definition)
A new packaging design is a good marketing strategy: ‘fun facts’ draw children attention while non artificial but healthy looking catch parents favors. It is not only a barrier protection which keeps the content clean, fresh and safe for the shelf life of perishable items; although ‘permeation is a critical factor in design.
We have to know the methods that the marketers use to attract us, and also the factors that make us very confident when buying a specific food product .The article by kim severson “Be It Ever So Homespun, There’s Nothing Like Spin,” Discusses the food packaging issues which I believe are strong ways in misleading people. At the begging of this article, Severson writes about her experience with food and our confusing attraction to the products by their packaging. The part when Severson writes “Something made me uneasy when I dropped a box of organic koala crisp cereal in my shopping cart.” When we think about it, why was it
Today’s society is full of products that have numerous varieties. But, little do customers know about the time before when there was one type of each product. In Malcolm Gladwell’s “Ketchup Conundrum” article, he offers many different situations providing an explanation on how some products came to be, and how some name brands made their way into the business world. Consumers are lucky today that there is almost any variety of product to fit their wants or needs.
A characteristic of the marketing concept is customer orientation. Business activities are mostly engaged to produce a satisfied customer. They are there to Stress on the desires and wishes of a customer this keeps businesses on track with their target market. The best marketing decisions are completed on the foundation of making a massive impact in the market and towards customers. The consumers/people
Marketing is the process of searching for options for accumulating profits by identifying the demands of the people and satisfying their needs with appropriate products. In today’s globalized business world, marketing can play a vital role in establishing trade blocks all over the globe with competitive and cutting edge market, research, policies, strategies and activities.
Missing Figures. Marketing I Assignment: Purple cow dairy Purple cow dairy needs to increase its market share within the dairy product market itself. It needs to create a new marketing campaign to advertise its current products and display its new line of omega 3 dairy products. Purple cow dairy needs to reach out to its current consumer base and new consumers as well and demonstrate why its product line is better then the competition, display its benefits to healthy conscious consumers. Purple cow dairy must be cautious when putting a price on the new product line. While it will be more expensive then its current product line, they must be careful to price the product as it must be large enough to draw in a good profit, but not too high to scare away price cautious consumers. If the new product line is to be successful, Purple cow dairy must overcome the minds of consumers who often buy grain based foods such as bread in order to get their need of omega 3 fatty acids, consumers only 4% of the time buy dairy based products to get this desired fatty acid. Because of a low traditional sale of dairy based products with omega 3 acids, purple cow must become a market leader to promote omega 3’s within dairy products to increase the market of dairy products with omega 3’s. Strengths: Omegas 3’s have a huge health benefit in the areas of learning ability, mental development, immune systems and vision. They are also linked to treatment in cardiovascular disease and improvement in cognitive functioning. This would be beneficial for any product that contains omega 3’s due to a consumer who is more health conscious now a days. Purple cow has a desir...
“Marketing is a vital part of any organization’s success in fulfilling its mission and reaching those whom it exists to serve.”
V. The Launch In the afternoon of November 17, 2017, outside the Careers Centre on Market Street, the marketing team for Smoothie Ladz launched our creation. Through the use of banner, the puppies, and direct marketing on Ghita, Declan, and mine’s behalf, Smoothie Ladz sold out their entire stock of smoothies and banana bread snacks and to a handful of delivery’s to friends. The use of Ghita’s dogs incited quite a few purchases through associative marketing, for most passerby's at least looked, if not stopped and asked to play with the puppies which we had wrapped in our coats and then decided to buy one of our products (Stone & Desmond, 2007). However, because it was so cold outside, Ghita decided it was safer to bring them home, so Declan and I turned our focus to direct marketing by selling consumers on price and cause over the product (Burns, 2014).
The major objective of any company is to make profits. Marketing is responsible for identifying a company’s customers anticipating their needs and wants, satisfying theses needs while keeping the its major goal which maximizing profits
The text states that marketing is both an art and a science where constant tension exists between the formulated and creative sides. At its essence, marketing is about "identifying and meeting human and social needs". It encompasses both a set of actions which seek to identify customers' needs as well as a social process of establishing a relationship with the customer to buy their products; this relationship is vital to the long term success for a company and a critical part of the marketing equation (Kotler & Keller, 2006).
Petty Ross D. Editor's Introduction: The What and Why of Marketing; American Business Journal, Vol. 36, 1999
Customer satisfaction is a key ingredient to the success of any business.It is the most important factor that creates repeated customers. Some people know it but do not realize its importance. If a customer of yours is satisfied with one of your products or services, chances are this customer will purchase more of your products or services, which will increase your revenue. Therefore, in order to have your new or existing customers buy more from you, you will have to follow techniques that work. Customer satisfaction takes a very important place in Marketing. As much as you think that your marketing strategies should help you generate sales, think about how the same marketing strategies could help you achieve Customer satisfaction. There are a lot of elements involved with Customer satisfaction.
As shown in Figure 1 there are many different definitions for Marketing. The key is that they all share a common theme, marketing is: “Meeting the needs and wants and providing benefits for customers.”
The shifting of the consumer’s taste of simple products to high quality branded products is not sudden. It grew out in the middle of the 20th century and the companies selling various products needed a new way to differentiate their products from the others giving it a unique identity.
McGinnis, J. Michael., Jennifer Appleton. Gootman, and Vivica I. Kraak. Food Marketing to Children and Youth: Threat or Opportunity? Washington, D.C.: National Academies, 2006. Print.
the business activity of presenting products or services to potential customers in such a way as to make them eager to buy. Marketing includes such matters as the pricing and packaging of the product and the creation of demand by advertising and sales campaigns.4