Project Work Business Studies Class-Xii-B Comm Roll No-15 SESSION:2021-2022 Submitted To:Deepika Mam Submitted By:Nimarpreet
Project Work Business Studies Class-Xii-B Comm Roll No-15 SESSION:2021-2022 Submitted To:Deepika Mam Submitted By:Nimarpreet
Project Work Business Studies Class-Xii-B Comm Roll No-15 SESSION:2021-2022 Submitted To:Deepika Mam Submitted By:Nimarpreet
BUSINESS STUDIES
CLASS- XII-B COMM
ROLL NO-15
SESSION:2021-2022
SUBMITTED TO:DEEPIKA MAM
SUBMITTED BY:NIMARPREET
PROJECT ON MARKETING
MANAGEMENT
PRODUCT SELECTED:
PERFUME
CERTIFICATE
EFFACER
NOTHING IS MORE MEMORABE THAN
A SMELL
Logo of a Product
SECONDARY PACKAGING
TRANSPORTATION PACKAGING
PRICING OF A PRODUCT
When a product is bought, some money is paid for
it. This money represents the sum of values that
consumers exchange for the benefit of having or
using the product and is referred to as the price of
the product.
Factors affecting the price:-
1. PRODUCT COST:- This includes cost of
producing, distributing and selling of the
product. It should also cover profit margin
2. UTILITY AND DEMAND:- The price of the
product is affected by the elasticity of demand of
the product. In elastic demand, the total revenue
increases due to increase in price and goes down
when the price reduced.
3. GOVT AND LEGAL REGULATIONS:-
Protect the interest of public against
unfair practices in price fixing.
4. PRICING OBJECTIVES:- Obtaining
market share leadership, surviving in
competitive market and attaining product
quality leadership. The price of the items
is different for the wholesalers and
customers.
Customers commonly buy the product in
number of units but wholesalers buys in
bulk.
STRATEGY
PRODUCT STRATEGY
We have the competitive advantage that is our quality. It is
recognized throughout the world and our product is a
convenient product which provides various ranges according to
the need of the customers.
PROMOTION STRATEGY
We can distinguish ourselves from the competitors on the
following criteria.
Effacer advertises its perfumes through wide range of media
like TV Ads, social networking sites, hoardings, magazines etc.
Promotional strategy is the direct way to connect and attract
the customers to buy the product.
POSITIONING STRATEGY
More for different: As we are offering the high
quality with different range of perfumes
according to different needs of people
BRAND STRATEGY
We will position our brand at its attributes
that is its innovative ingredients and good
quality with touch of nature and strong
beliefs and values as Armani perfumes, we
also have many loyal customers. The brand is
licensed and is an irrational brand
MAIN OBJECTIVE
Objective is to achieve revenue growth of 20% per year.
Increase earnings by 15% annually.
Increase dividends per share by 7% per year.
PROMOTION OF A PRODUCT
Promotion is the process of communication
with the potential buyers involving
information, persuasion and influence. It
includes all types of personal and impersonal
communication with customers.
• RADIO ADVERTISING
A catchy jingle and quick tagline can enhance radio
ad’s effectiveness. Matching a station you choose with
your target demographic is key to success. If you want
to reach adults aged 35 to 64, an adult contemporary
station is a good bet.
DOOR HANFERS AND FLYERS
Canvassing the neighborhood, placing the
flyers in mail boxes or hanging ads on door
knobs, is a good way to target a specific
area and to make sure your potential
customers have seen your information.
Even if most home owners will descant the
information, gaining a hand full of clients
may be enough for a positive return on the
marketing campaign investment.
HOARDINGS
Posters of the product can be placed on the hoardings
which can be seen by the people passing through the
roads.
ADVERTISEMENT
The promotion strategy who involves heavy TV
and magazine advertising. Their advertisement
shows how perfumes cam change the personality
of a person. Models and popular slogans are used
as well as to promote the products better.
WEBSITE
The customers can visit the website of the
product or brand. There are lot of facilities
available, for example customers can check the
products contents and feedback of other users.
DISTRIBUTION OF THE PRODUCT
Place element of marketing mix refers
to distribution of products make them
available to customers for purchase
and consumption. Distribution is very
important as if the products are not
distributed and are not made available
to the customers at the right place,
time and quantity they would not buy
the product
WAREHOUSING
Goods are produced in the
factories on a continuous basis
and they are not sold immediately
after production.
Location of warehousing for
storage of the goods depends on
the nature of the product
BIBLOGRAPHY
Book refered
NCERT BUSINESS STUDIES XII
RK SINGLA
WEBSITE
www.businessnewsdaily
www.freelancer
www.scribd
www.ncertabhyas
Teacher reference
Dr. Deepika Gupta