1.13 - Enterprise And Marketing In The Development Of Products Flashcards
(18 cards)
How can a designer understand their customers / target market ?
- market research
How would market research help a design identify the target market ?
- helps to find out crucial background information such as age , gender , disposable income , residential location
- helps the designer to understand why the customers are motivated to buy certain products , such d social and emotional needs , family needs , budget pressures
An example of people having brand preferences ?
- particularly for domestic items such as washing detergent - people will tend to trust or mistrust brads for reasons beyond a designers control
How may residential location impact the products bought ?
- customers who live in contemporary small apartments may require space - saving furniture , multi - functional items.
How can labelling be used by designers ?
- promote the brand or attract customers attentions
- inform consumers about important information ( nutritional / use by / Boi and ce marks - shows that basic safety standards are met )
How do manufactures used their packaging design as an integral part of brand identity ?
- apple ( minimalist and clever packaging was revolutionary at the time )
- Coca Cola ( has a distinctive bottle shape - changed slightly over the years
What is meant by corporate identity ?
- the branding used to present the image of a company to the public
How may manufacturers protect their brand identity?
- registered trademarks
- this prevents rival companies copying their logo / colour schemes and specific letter font styles
What is meant by global marketing ?
- the process of promoting a final product or service worldwide
How may marketing strategies differ from country to country ?
- cultural differences
- religious and cultural beliefs in different region
Example of products making changes to suit the different regions ?
Fast food chains have different menus that are suitable for use in different counties
- mc Donald’s focuses on marketing foods that are popular in a particular country and promote different foods in other countries
How is advertising and promotion used in the product introduction ?
- wide range of media to advertise their products , to create interest and demand
- during a product launch they may have celebrities to promote a product ( celebrity endorsement )
How is advertising and promotion used during the product growth stage ?
- magazine departments use magazine and articles and online platforms to promote features of their products and advantages
How is marketing and promotion used in the product decline stage of a product ?
- stratifies for product growth and a new product ( growth ) may be used at the same time
- emails / texts promotions for existing customers for the new products
How has useing social media transformed how products are advertised?
- low cost
- potential consumers across the world can be reached relatively easily and with low cost
- targeted marking - data collected from cookies ( pop ups will be linked to items they had been browsing)
What are examples of direct costs ?
- direct labour
- direct material costs
- direct factory overheads
What are indirect costs ?
- administration
- security
- maintenance of equipment
- electricity and power
What is meant by indirect costs ?
- costs that go towards factors that are not associated with making a particular product , but are involved with running a business as a whole