Product Mix and Product Life Cycle of Volkswagen Cars
Verified
Added on 2023/06/04
|7
|908
|283
AI Summary
This article discusses the product mix, life cycle, levels, price and promotion of Volkswagen cars. It covers the stages of product life cycle and pricing strategies. The article also highlights the features of Volkswagen cars and their target market.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Marketing and Management
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Marketing and management Product Mix VOLKSWAGEN Product nameVolkswagen Tiguan Product TypeSUV car FeaturesMulti- function steering wheel Touch screen Automatic climate change Alloy wheels Driver airbag Air conditioner Product nameVolkswagen Polo Product TypeHatchback car FeaturesMulti- function steering wheel Touch screen Automatic climate change Alloy wheels Driver airbag Air conditioner Power steering Power window front Fog lights rear and front VOLKSWAGEN Product nameVolkswagen Passat Product TypeSedan car FeaturesWheel base Front trend 9 air bag Electronic differential lock ABS LED lightning Electric sunroof Powered tail gate Product nameVolkswagen Vento Product TypeSedan car FeaturesFront and rear power windows driver and passenger airbags central locking both log lamps Product nameVolkswagen Ameo Product typeSedan car FeaturesAnti-lock braking system Power window rear Power steering Passenger airbag Air conditioner
Marketing and management Product class All 4 products are cars. Product life cycle (Source: Macschmidth, 1994)
Marketing and management The introduction stage is related with the launch of New Gen Polo. In product has the goal to achieve acceptance in the market. On this stage the company emphasizes on promotion so that demand of the products can be enhanced in the market. It has been seen that sales volume is expected to be low and also the distribution channel is limited. By this product the company is not able to earn profit. Growth stage is related with launching of the product in the market. Volkswagen Ameo is on the growth stage. The main objectives are related to expanding the demand of the product in the market on this stage it has been seen that sales enhances as there are customers who have trust on the company. Volkswagen focuses on promotion and distribution. This is the stage through which company can easily earn profits (Edeling and Himme, 2018). Maturity stage is related with many competitors in the market. Vento is one of the products of the company that can be considered on this stage. The main aim of the company is to enhance the overall life of the product by meeting the expectation level of the customers. In this it has been seen that sales of the product has been enhanced and also the support is from the customers. The company can easily earn profits by selling this car in the market. Vento is also one of the popular cars of the company and the demand has been enhanced in the market by the promotional strategies considered by the company (John, 2016). Decline stage is related with the final stage. In this the overall profits of the company drop due to high competition in the market. There can be beetle which can be on the decline stage. This product is less in demand as the cost of product is high in the market. Product levels Core benefit With the AMEO MODEL the company can easily satisfy the need of the customers and there are many features in less cost as compared to other cars. Basic product The products of Volkswagen offers good services to the clients and also the customer and also the features of the cars are unique.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Marketing and management Expected product By considering the interior of the car the customers are willing to get unique style in design. Augmented product In terms of Volkswagen it is important to focus on the warranty and after sale services offered to the customers. Potential product Volkswagen should focus on changing the designs of the cars and should also introduce the cars in less cost (Jindal,Sarangee, Echambadi & Lee, 2016). Price Pricing The company targets the middle to upper class group and the main objective behind it is to grab the large market share. Promotional pricing The company also takes into consideration the special event pricing and also offer discounts to the customers so that the demand can be enhanced. Place The company has many outlets on the international platform. The outlets of the company are situated in Germany, India and Australia. Promotion It has been seen that company focuses on the newspapers, magazines and television for promoting the product in the market. Also, on special occasion the company offers special discounts to the customers.
Marketing and management References Edeling, A., & Himme, A. (2018). When Does Market Share Matter? New Empirical Generalizations from a Meta-Analysis of the Market Share–Performance Relationship. Journal of Marketing, 82(3), 1-24. Jindal, R. P., Sarangee, K. R., Echambadi, R., & Lee, S. (2016). Designed to succeed: Dimensions of product design and their impact on market share. Journal of Marketing, 80(4), 72-89. John, K. K. (2016). The Volkswagen Lifestyle: Hitler, Hippies, and a Hint of Viral Marketing. Americana: The Journal of American Popular Culture, 1900 to Present; Hollywood, 15(2), pp.82.
Marketing and management Macschmidth., 1994.Product life cycle.Retrieved from: https://macschmidtblog.wordpress.com/2014/12/17/product-life-cycle/.