This presentation discusses the principles of marketing and focuses on the introduction of Dove Toothpaste. It covers the target market, key trends, and a comparison with other brands.
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Principles of Marketing
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Table of Content •Introduction •Background analysis •Existing brand values •Explanation of new product •Target market •Key trends and PESTEL issues •Comparison with other brand •Brand extension •Conclusion •References
Introduction For every company it is essential to conduct marketing because through it they able to attract more and more customers toward the offering. Marketing will include promotional as well as advertising activities which help in attractingaudiencesatpotentialmarket marketplace.
Background of Dove Dove is an American personal care brand which is owned by Unilever. It is introduced in 1955. Respective company is offering their productsandservicesattheworldwide market. Products offer by Dove are body wash, beauty bar, lotions, moisturizers, hair care, facial care and many more.
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Explanation of new product InrespectofDovetheyadoptproduct development strategy from the Ansoff matrix accordingtowhichtheyareplanningto develop Dove Toothpaste for their potential customers around the world.
Target market of Dove Target market of the Dove for their new products i.e.Toothpasteisallagegrouppeople becausetheyareplanningtolaunch toothpaste for both kids as well as elder. Moreover, toothpaste of respective company will be affordable by all middle, upper middle and upper income group people.
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Key trends and PESTEL issues While Dove will launch new toothpaste they facedseveralissuesrelatedtosocial, environmental,economicaland technological. Moreover they also need to followkeytrendsrelatedtomarketor customers demand.
Comparison with other brand Dove is planning to launch toothpaste for both kids and elder people in the affordable price but as comparison to Aquafresh Brand Toothpastes they are little expensive which is not affordable by all income group people.
Distinct from competing products The Dove toothpaste is based on need and requirement ofcustomersaccordingtowhichitinclude appropriatequantityofcalcium,aluminum hydroxide, silica and hydroxyapatite, Fluoride. This willmakerespectiveproductsdistinguishfrom competitive company because they are not much appropriate and standard based as comparison to Dove.
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Conclusion By analyzing above mentioned point it can be summarized that for every company it is essential to conduct marketing activities as that will help them in attracting more and more customers towards the products and services in effective manner. In addition to this, it will also help in increasing market value as well as goodwill at the potential marketplace in successful manner.