11.2 Promotional Mix Presentation 6

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Small BusinessModule 11

Transcript of 11.2 Promotional Mix Presentation 6

Page 1: 11.2 Promotional Mix Presentation 6

Factors Affecting the Promotional Mix

1. Type of product1. Type of product•Convenience goods

•Shopping goods

•Specialty goods

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Factors Affecting the Promotional Mix

2. Product nature2. Product nature

•Expensive vs. inexpensive

•Self-service products

•Technical in nature

•Require installation

•Require demonstration

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Factors Affecting the Promotional Mix

3. Stage in product life cycle3. Stage in product life cycle•Introduction--Promotion informs customers

•Growth--Promotion becomes competitive

•Maturity--Promotion focuses on differences in competing products

•Decline--Promotion is sparse, mostly used to sell items before they become obsolete

•Abandonment--Promotion does not take place

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Factors Affecting the Promotional Mix

4. Type of customer4. Type of customer

5. Number of customers5. Number of customers

6. Geographic location of customers6. Geographic location of customers

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Factors Affecting the Promotional Mix7. 7. Distribution systemDistribution system•Direct channels

•Indirect channels

8. 8. Company history--successes and Company history--successes and failuresfailures

9.9. Available fundsAvailable funds

10.10. Size of sales forceSize of sales force

11.11. CompetitionCompetition