Session 14 - the design mix Flashcards
What are the 4 Ps of the marketing mix
Product, price, place, promotion
What 3 elements does the product design mix emphasise
Cost, aesthetics, function
What does the function element of the product design mix mean
The way the product works. Does it do what it needs to do? Is the product reliable?
What does the aesthetics element of the product design mix mean
How the product appeals to the customer in terms of how it looks, feels etc. Based on the subjective judgement of customer. A popular way to differentiate a product
What does the cost (economic manufacture) element of the product design mix mean
Does the design allow the product to be made and sold profitably? How much value is added during the production process?
Why is it important that some products Emphasise Function in the Design Mix
More predictable and stable demand, Longer product life cycles, Lower promotional costs, Build reputation for quality based on reliability, Economic manufacture through economies of scale
Why is it important that some products Emphasise Aesthetics in the Design Mix?
High added value, Demand fuelled by customer aspiration, Potentially shorter product life cycle, Attracts imitation = need for design protection
What is sustainability
Making a product without affecting the long-term supplies of the raw materials