On the surface it seems a product is simply a marketing offering, whether tangible or intangible, that someone wants to purchase and consume. In which case one might believe product decisions are focused exclusively on designing and building the consumable elements of goods, services or ideas. However, the total product offering and the decisions facing the marketer can be broken down into three key parts namely core benefits, actual product and augmented product. Critically analyse how these key parts influence your purchasing decision with examples.
On the surface it seems a product is simply a marketing offering, whether tangible or intangible, that someone wants to purchase and consume. In which case one might believe product decisions are focused exclusively on designing and building the consumable elements of goods, services or ideas. However, the total product offering and the decisions facing the marketer can be broken down into three key parts namely core benefits, actual product and augmented product. Critically analyse how these key parts influence your purchasing decision with examples.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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On the surface it seems a product is simply a marketing offering, whether
tangible or intangible, that someone wants to purchase and consume. In which
case one might believe product decisions are focused exclusively on designing
and building the consumable elements of goods, services or ideas. However, the
total product offering and the decisions facing the marketer can be broken
down into three key parts namely core benefits, actual product and augmented
product. Critically analyse how these key parts influence your purchasing decision with examples.
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