“Product(ion )” Plan

“Product(ion)” Plan

Prepared By : Genoveva

(email : [email protected])

Classified of Product(ion)

• Tangible / Goods : is any physical product

that can be touched like a computer, a car, a pen

• Intagible / Services : is a non-physical

product like an insurance policy, tour

packages, car repair services.

Classified of Product(ion)

Consumer Product• Convinience productDaily product, exp. Soap,toothpaste, deterjent.

• Shopping productLess frequently purchased and the customer to compare the suitability, quality, price, and style of the product carefully. For example: furniture, clothing, car.

• Specially productUnique characteristics / brand identification in which a significant group of buyers is willing to do a special purchase effort. Exp. doctor and lawyer services. • Unsought productconsumers usually do not think to buy it. Exp. life insurance, funeral services.

Industrial Product

These are items consumed by businesses in their production or manufacturing processExp. Integrated circuit,Ball bearing

Product DiversificationThe product diversification strategy is different from product development in that it involves creating a new customer base, which by definition expands the market potential of the original product.

Example : Unilever Company→ Shampoo : Sunsilk, brisk, Pantene → Toothpaste : Pepsodent→ Deodorant : rexona→ Butter : Blue Band→ Deterjent : Rinso, Surf→ Soap : Lux, Dove

Product Life Cycle

EXAMPLES OF UNIQUE PRODUCTS

Post It :→ Small→ Flashy colors→ Very helpful

HEALTHY CHOICE RESTAURANT

The uniqueness of the restaurant :

◊ Low calorie foods served◊ Organic vegetables◊ Suitable for the diet◊ Safe sugar for diabetics

Joger (factories words)

Joger produce :• Unique products,

examp. Clock that run backwards* T-shirt with unique

words.