Chapter 5 Flashcards
Anything that can be offered to the market
Product
Consumer goods that are used over an extended period of time
Durable goods
Consumer goods that are quickly consumed
Nondurable goods
The most basic level of a product
Core product
Kotler says that the product manager has to
turn the core product into a tangible product
Tangible product
Finally, the product planners may offer additional services
Augmented product
3 levels of product
Core product
Tangible product
Augmented product
full stomach, quenched thirst, comfortable bed, warm and subdued environment
Physiological satisfaction
good value for money, rapid service, convenient location, and credit facilities
Economic satisfaction
enjoyable company, attentive service, and sound advice on food and wines
Social satisfaction
enhancement of self-esteem status, and security.
Psychological satisfaction
is a group of products that are fairly closely related
Product line
•The set of all product lines offered for sale by the company is called
Product mix
is a name, term, sign, symbol, design, or combination of these
brand
4 satisfaction
Physiological satisfaction
Economic satisfaction
Social satisfaction
Psychological satisfaction