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Product  decisions Nguyen Thuong Huyen Le lien Huong Nguyen Thu Lan Nguyen Van Quyen Principles of Marketing
Outline ,[object Object],[object Object],[object Object]
I. Product Overview ,[object Object],[object Object]
1. Definition ,[object Object],Goods Services Events & Experiences Persons Places & Properties Organizations Information Ideas
2. Classifications Product Consumer products (Bought by final consumers for personal consumption.) Industrial products (Bought by individuals & organizations  for further processing or for use  in conducting a business.)
II. Individual product decisions Prod.  attributes Branding Packaging Labeling Support services
Case: The Electrolux Group
Electrolux Group Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Electrolux History Timeline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Consumer brands Professional brands - Electrolux Professional - Dito-electrolux - Molteni - Zanussi Professional
Step 1: Product Attributes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
LCD Display Front door Label
Step 2: Branding To brand or not to brand Brand name selection Brand sponsor Brand strategy Brand repositioning
Brand name selection ,[object Object]
Brand sponsor Brand sponsor Manufacturer’s  brand Private brand Licensed brand Co-branding
Manufacturer’s  brand
Brand strategy Line  extension Brand  extension Multibrands New brands
Line extension ,[object Object]
[object Object]
Brand extension ,[object Object]
Tumble dryer Electrolux T4300S  Stacked Tumble Dryer
Vacuum cleaner Electrolux Z8220
Air cleaner Electrolux Z8020
Step 3: Packaging ,[object Object],To perform sale tasks To stay competitive To offer product protection
Step 4: Labeling To identify To describe To promote To grade √ √ X X
Logo & Brand name
Step 5: Product support service ,[object Object],[object Object],[object Object],[object Object]
III. Product line decisions ,[object Object],[object Object],[object Object]
1. Product line length ,[object Object],Present Prod. New Prod . Low  High Quality High Low Price
[object Object],[object Object]
 
1.2. Stretching upward New Prod. Present Prod . Low  High Quality High Low Price
[object Object],[object Object],[object Object]
 
1.3. Stretching both ways Present Prod. Low  High Quality High Low Price New Prod . New Prod.
[object Object],[object Object],[object Object]
[object Object]
  NOKIA E90
1.4. Line filling ,[object Object],[object Object]
Unza Shower Foam Enchanteur 1980s Eversoft 1980s Gervenne 1993 Romano 2000   Source: www.unza.com Romano Eversoft Enchanteur Gervenne
2. Product line modernization ,[object Object],[object Object],[object Object]
Future NEO 2005 Future NEO 2007
3. Pruning ,[object Object],[object Object],[object Object]
Mio 2004
Classico 2006
Conclusion
Q & A

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