ENTREP Mod3 LESSON4_W9
ENTREP Mod3 LESSON4_W9
ENTREP Mod3 LESSON4_W9
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Entrepreneurship
MODULE 3: Marketing Mix
QUARTER 1 - TLE_ICTAN11/12EM-Ia-1
The Marketing Mix. “Marketing Mix Definition - 4Ps & 7Ps of the Marketing Mix”. July 08, 2020.
https://marketingmix.co.uk/
Introduction
WORDS YOU WILL
Often, a product or brand may need to create
an identity within the market. For the most ENCOUNTER
part, this applies to a new company, a new Brand
brand or a new product. But often it may also Packaging
be needed in times of rebranding or building up a failing
Positioning
product. The aim then is to select those promotional
activities that help inform the customer about the Promotion
company and the product. Competitors
Latitude
Longitude
Learning Targets
At the end of this module the learners should,
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Discussion
Promotion
As part of the marketing mix, promotion includes all activities that involve
communicating with the customer about the product and its benefits and features.
Once a company has worked on the product and price elements, it is time to start a
conversation with the consumer about the product. This includes raising awareness
through different mediums to increase sales, as well as to create and foster brand
loyalty.
- Through promotion, the company aims to attract the customer’s attention and
give them enough information about the product to foster enough interest to
motivate them to purchase.
The team tasked with these activities will begin by understanding the
dynamics of the target audience and deciding which modes of promotion are likely
to help meet targets. Once the channel is decided, information from other elements
of the mix is incorporated to ensure that the message sent corresponds to the
actual product features, benefits and user experience
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
1. Packaging
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Packaging
Getting the packaging right is very important. Packaging performs several
tasks:
2. Positioning
In the context of marketing plan, positioning has three overlapping
objectives.
1. Positioning has an enterprise perspective – the enterprise scans the market
environment and decides to position itself with products that specifically address
the needs of a chosen target market.
2. Positioning has a competitive perspective – The enterprise has to
differentiate and distinguish itself from its competitors
3. Positioning takes the customers’ perspective – the way the customers
perceive the enterprise and its products or services in their minds.
Enterprises can establish their positioning either by starting with their own
product creations or with their customers’ outcome expectations.
The competitive landscape of the enterprise, relative to its market, can be
clearly mapped out by laying out both the latitudinal and longitudinal market
dimensions.
Latitude lays out what is important to the different customer segments from
their differing points of view. Certain customers may claim that what is important to
them are quality features of durability and functionality. Others may be looking for
style, design, and aesthetic appeal. There would be customers who do not have the
purchasing power to afford any of the above quality definitions. They would buy
lower-priced products with lesser quality.
Longitude in the marketing map represents the product features and
attributes of competitors in the marketplace. Most competitors would be offering
product features, which the major customer segments want to buy.
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Choose an industry or market you want to study (e.g., soft drinks, apparel cloths,
footwear, eatery.
1. Segment the market according to what customer are looking for. (A simple
market segmentation may be according to the quality being sought and the price
that the customer is willing to pay.)
2. Find out what the different competitors are offering in the marketplace. (To what
market segments are the different products of the competitors catering to? Some
competitors may have products that are catering to the different segments of the
market)
3. Finally draw the Positioning Map of the competitors in the industry or market
based on your analyses. (Use any of the demographic market segments, follow the
pattern below, make your own. Then explain your work.)
LONGITUDE
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
10-15
1. Price reductions
2. Special offers
3. Gifts
4. Free samples
5. Competitors
6. After sales
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
My Design Name;
What materials I will use and why? What equipment I will use and why?
My evaluation;
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Assessment
A. Direction: Read carefully each statement and identify if the
statement tells Promotion, Packaging, and Positioning. Write
Pro for Promotion, Pack for Packaging and Pos for Positioning. Write your
answer on the space provided
___________2. It takes the customers’ perspective – the way the customers perceive
the enterprise and its products or services in their minds.
___________5. It can be clearly mapped out by laying out both the latitudinal and
longitudinal market dimensions.
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
Reflection
Self-Check
Reflect
Department of Education
Region III - - Central Luzon
Schools Division OF CITY OF
MEYCAUAYAN MEYCAUAYAN
NATIONAL HIGH SCHOOL
Camalig, city of meycauayan, Bulacan
I plan to _____________________________________________________________________ .
Reference:
“The marketing mix: product and packaging”. The marketing mix: product and packaging. (January 01, 1970).
https://buscreative.blogspot.com/2016/12/the-marketing-mix-product-and-packaging.html. July 15, 2020
Book: