By Marketing Knowledge
Designed particularly with revision in brain, the CIM Revision playing cards offer concise, but basic details to aid scholars in passing the CIM assessments as simply as attainable. a transparent, rigorously established format aids the educational procedure and guarantees the foremost issues are coated in a succinct and obtainable demeanour. The compact, spiral certain layout permits the playing cards to be carried round simply, the content material accordingly continuously being to be had, making them worthwhile assets regardless of the place you are.
Features corresponding to diagrams and bulleted lists are used all through to make sure the foremost issues are displayed as truly and concisely as attainable. every one part starts with an inventory of studying results and ends with tricks and guidance, thereby making sure the content material is damaged down into doable suggestions and will be simply addressed and memorised.
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Extra info for CIM Revision Cards: Marketing in Practice 04 05 (Cim Revision Cards)
In the mid-twentieth century, computers cost hundreds of thousands of pounds; improvements in manufacture and design now give the availability of more powerful computers for a few hundred pounds. Penetration pricing: A strategy of low prices to buy market share from competitors. Contd. MARKETING IN PRACTICE 59 THE MARKETING MIX: PRICE 60 å Profit contribution: The sales revenue of a unit less the variable cost of production of the unit. This ignores fixed costs, including depreciation, and is used in the calculation of the break-even point.
MARKETING IN PRACTICE 45 INTEGRATED MARKETING MIX: PRODUCT 46 Product Life Cycle Stages n Introduction: This is when a new product is launched and the goal at this stage is to create awareness and communicate the product’s benefits to the consumers n Growth: This is where most products enter the market and there is less product distinctiveness n Maturity: This is where most products are situated. 2). The axes of the matrix are market growth per year as a percentage and relative market share for the product under consideration.
Many sites help customers make choices by organizing information and prioritizing it, based on the individuals’ preferences. In some cases the product itself can be customized. Hints and Tips n The key to successful marketing is to identify the segments and the benefits demanded by the target. This primary information then allows the positioning strategy to be formulated and then the communications plan. Without this stage the communications plan will lack a firm foundation. n Relevant benefits needs to be communicated, which requires an intimate understanding of both the product/ service and the target customers.