This report discusses the 4Ps of marketing for Dove and Sure brands, including target market, product/brand, price, place (distribution), and promotion. It also covers Levitt's and Aaker's models for product/brand and pricing tactics.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Principles of Marketing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 TASK...............................................................................................................................................3 Target Market..............................................................................................................................3 Product /Brand............................................................................................................................4 Price.............................................................................................................................................5 Place (Distribution).....................................................................................................................6 Promotion....................................................................................................................................6 CONCLUSION...............................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Marketing management is the manner of framing management, communication, process of dealing, providing standards, customers, society and so on. Marketing principles are generally involves principles, it involves four several factors which are exist in the management that need to get in respect to effectively sell their goods and facilities. It is also termed as 4 P's of marketing(Bondarenko, and et.al., 2021). The organisation consider in this report is Dove, that is self care brand and it is owned by British multinational business Unilever. Another brand is Sure that is UK based deodorant company. The following report covers the discussion of target market, 4 P's of marketing that are Product, price, place and promotion. TASK Target Market The target market will involves the manner of both brands by applying STP marketing that are as follows - STP Marketing It is termed as the segmentation, targeting and positioning. It is the procedure of measuring certain strategical marketing. It covers the global procedure that are separating audience, target each particular consumer as per to their requirements, desires and at last positioning of the business will managed in respect to satisfy their expectation. Such strategies are as follows - Segmentation–It defined as the manner of dividing consumer into respective teams of audience by applying such exercises. It is divided into four types of segmentation that are as follows -Demographic segmentation -Itcovers the market sections in terms of various factors such as gender, age, size, race, salary, nationality(Chicherova,and et.al., 2021). It is frequently applied in term of the facilities and goods that are buy from customers in which they manage the demographical factors. Geographicsegmentation–Thiscomponentwilltargettomaintainthediverse customers that are chosen on geographical boundaries in terms of their consumers who have their desires, selection and needs that varies as per to the geographical field of marketplace that can support in understanding where to deal with their goods.
Behavioural segmentation –It separates out the customer in their manner of decision making procedure and behaviour such as activities and purchasing aspects. It supports the individuals to hold an effective methods due to they concentrates on what customer desire to buy. psychological segmentation –It termed to psychological aspects of the consumer behaviour by dividing market as per to the ethics, traits, interest and orientation of thoughts. The dove utilise psychological segmentation in respect to develop behaviour in females that force them to concentrates on beauty in terms of their body fragrance(Galchynska, and et.al., 2021). On the other hand, Sure utilise behavioural segmentation in an effective and efficient manner. Targeting-Thiscomponentsinvolveskeyfundamentalmarketsintosmallsectionto concentrates on particular teams of individuals. As in relation to both of the business, Sure basicallytargettheircustomerthroughonlinemedium.Moreover,Doveconcentrateson customers who desire to have eco - friendly goods. Positioning –It defined the manner in which the managerial goods present in comparison to their challenger's goods in the field of marketplace and as well as it will also have an impact on mindset of customer. In relation to the Dove, the brand has set up their goodwill by which customer knows their positioning through divertissement and promotion. On the other hand, Sure brand position itself by concentrating on their USP that will majorly biodegradable goods that are not dangerous for the customers. Product /Brand It will define to the varied term of the facilities or products that provide the management to their customers that are as follows - Levitt’s model Levitt's model of framework will based on orientation of idea of providing the gods to their customer to increase their satisfaction level(Kareem, and Breesam, 2021). It deals with four levels of goods that are as follows -Basic- The first section is Basic that include those products that have several term of the aspects that can meet their core term of advantages.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Expected- The second section is Expected goods that deals with fundamental aspects and characteristics of the consumers.Augmented –It is the third division that basically extend the consumer expectation in an effective manner.Potential– The potential goods will include primary aspects that might provide several products. Dove deodorant comes in the concept of expected goods as it deals with varied behavioural that consumer generally expects(Rahmawati,and et.al., 2021). As on the other hand, Sure comes in the collection of an increased goods that extends the expectation of consumer as it is created from biodegradable resourced that are chemical free and less harmful. Aaker’s brand personality frameworkinvolves five attributes of the brand personality that involves competence, sincere, excitement, sophistication and ruggedness. In context to the Dove deodorant, it have an effective section of the brand personality that will influence the female audience that will concentrates on upper class individuals that basically have an impact on high term of consumer base. Price It will relates to the number of customer who pay in return ofconsumption of facilities and goods that are provided by a particular management. It is an important factors in marketing mic as it is the basic cause for the managaerial's profitability and productivity of the business. As there are various components that are termed as before deciding the price of the certain goods or facilities in terms of their competitor's price, discount, sales and so on. As in relation to the both brand their pricing tactics are as follows - Pricing tactics of dove brand is dealing with pricing. This division involves several section like determining of price as per to their contender's price. Various business sell the similar term of products after taking the thoughts that their challengers have already worked on their costing tactics(Saleh, Bintari, and Ali,2021). It supports in staying in competitors as the price of business provides similar goods in an effective term. On the other side, Sure will concentrates on superior rating. This sort of cost involves varied manner to accomplish superior positioning of their challengers to their sections with the purpose of setting up high term of cost then them. The management of Sure's have diverse term of goods that are eco – friendly by
which they can use this costing to present that their deodorants or another goods involves unique aspects that provide firm of a competitive boundaries. Place (Distribution) It relates to the decisions that the business creates in respect to store and sale their goods. Both brands are determining that how can they offers their goods to the marketplace and where should hold and sell the goods(Sarjana,and et.al., 2021). The fundamental aim of managerial business is to always keep their goods in the manner that the consumer can purchase those goods. In various section, it define the manner of holding a marketplace in a particular shops or outlets and it also relates to the placing of goods that can be easily demonstrated. In relation to both brand, Dove is global market product, by which management can sell their goods by their official web page as in their stores, outlets and so on. Sure is a deluxe brand that will concentrates on their superior customers and they place their goods in respective field of market in the United Kingdom. As other nations also sell their goods from their official web pages. Promotion It involves several sort of factors like marketing, promotional tactics, public dealing and many more. The fundamental aim of promotion of goods is to transfer the goods or facilities through which customer should pay a fixed number of price. As there are two sort of the promotion marketing that are as follows - Tradition Marketing -It define the major term of marketing for suitable consumers with the purpose of offline section by mailing, broadcasting, billboards, telemarketing and so on. It plays an essential role in following local customers and promotion term with consumer at personal division. Digital Marketing -It is also termed as online marketing, it is the procedure of advertising or spreading of awareness about particular management or business in terms of their goods by using various social or digital media platforms(Suganda, Oktavia, and Fridayanti, 2021). It involves search engine, social media, content marketing, email marketing, pay per click etc. The management of Dove utilise online and as well as offline medium of marketing where they have marketing tactics that will concentrates on young individuals. They initiated several campaign that concentrates on female products. As on the other hand, Sure will concentrates on
promoting on digital medium of their biodegradable goods on diverseentrance such as social media, digital media and so on. CONCLUSION From the above mentioned report it has been concluded that, the brands have their orientated targeted customer with diverse term of advantages for their longer term of development and advancement. It involves several mediums or platforms by which they can advertise their goods that offers productivity and profitability to their business of management in an effective and efficient manner. Both the brand utilise competitive and superior pricing tactics in respect to produce higher term of sales.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and Journals Bondarenko, O., and et.al., 2021. Improving Approaches to the Formation of Enterprise's Marketing Budgets. Chicherova,E.Y.,andet.al.,2021.MARKETINGLOGISTICSASAFACTOROF STRATEGICDEVELOPMENTOFBUSINESSSTRUCTURES.Academyof Strategic Management Journal,20(4), pp.1-10. Galchynska, J., and et.al., 2021. Perspectives of Ukrainian bioenergy development: estimation by means of cluster analysis and marketing approach.Economic Annals-XXI,187. Kareem, S.S. and Breesam, M.A., 2021. Electronic Marketing and its Impact on Customer Satisfaction Exploratory Study of the Opinions of a Sample of Private Banks, Baghdad, Iraq.PalArch's Journal of Archaeology of Egypt/Egyptology,18(08), pp.3628-3643. Rahmawati, Y.D., and et.al., 2021 Marketing Strategy of Geopark Ciletuh Palabuhanratu Tourist Attraction.Jurnal Geografi Gea,21(1), pp.26-37. Saleh, J.M., Bintari, W.C. and Ali, M., 2021. Pengaruh Experiental Marketing Dan Brand Image Terhadap Kepuasan Konsumen Pada Eiger Store Sorong.Jurnal Ekonomi Efektif,4(1), pp.8-15. Sarjana, I.M., and et.al., 2021. Establishing the Positioning of Agritourism Product Towards the CollaborativeMarketingofCBASubakJatiluwihBali.JournalofTourismand Hospitality Management,9(4), pp.221-237. Suganda, U.K., Oktavia, P. and Fridayanti, V.D., 2021. The Effect of Experiential Marketing and ServiceQualityonCustomerLoyaltyinCirebonCity.ReviewofInternational Geographical Education Online,11(6), pp.772-777.