Marketing services versus products

Assignment Help Marketing Management
Reference no: EM13525296

Marketing Services Versus Products

When most people think of marketing, they often conjure the image of marketing a product. According to the CIA's World Factbook, however, a surprising 60% of the world's gross domestic product (GDP) is comprised of services, with the remaining percentage comprised of manufacturing and agriculture (www.cia.gov). Thus, it is imperative that marketing professionals understand the marketing of services as well as products. Do organizations market services differently than they market products? For your discussion, you will take a closer look at the challenges presented by marketing services.

Perhaps the best-known categories of services are financial services and health care services. If, for example, you decide to have surgery, it is very difficult to assess the quality, success, and even the pricing of the procedure. By contrast, you can find out precisely the cost of the post-surgical pain medication, the potential side effects of the pain medication, and instructions on how to use the pain medication. This is a simple example of differences between services and products.

For this Discussion, review the Readings regarding characteristics of products and services that might influence their marketing.
Present the following:
Referring to the text, identify three similarities among the marketing of services and products, and suggest why you think these similarities exist.
Identify two differences between the marketing of products and services.
Compare how easy or difficult it is to customize products and services.
For a particular service you use, explain how it is standardized for all purchasers or customized for you and why this standardization (or customization) is important.

Reference no: EM13525296

Questions Cloud

Purple cows are a highly effective basis for a new product : Purple cows are a highly effective basis for a new product upon which to base a new venture. It is possible for all new product ideas to be purple cows. Do they need to be? If not why not; if yes, how would you take a nonpurple cow and turn it ..
Depict the structure of tristearin : Draw the structure of tristearin, a fat in which all the fatty acid units are stearic acid. Circle and identify all functional groups.
Find the speed of the stone just before impact : a stone is projected at a cliff of height h with an initial speed of 44.0 m/s directed at an angle ?0 = 51.0° above the horizontal. find the speed of the stone just before impact
Determine the dividends per share and the total dividends : Perform the same computations, with the assumption that the preferred stock was noncumulative. If an amount is zero, enter "0". Round per share amounts to two decimal places
Marketing services versus products : Marketing Services Versus Products
How fast could it go and in what direction would it travel : A paper airplane is given a push so that it could fly 7m/s 35° North of East, How fast could it go and in what direction would it travel
What is the amount of contribution margin : What is the amount of contribution margin that will be obtained per machine hour on each product and which product would you recommend that the company work on next week ' the orders for product F, product G or product H? Show your computation
Signature sensory retail experience : Q1. Conduct a semiotic analysis of Victoria Secret, and describe how the basic brand meaning  is supported by its signature sensory retail experience?
State a complete mechanism for the reaction to show electron : Draw a complete mechanism for the reaction that occurs in this solvolysis experiment showing all the intermediates and using curvy arrows to show electron movement

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd