Products Niche luxury products Mass-market products More upmarket products: Productos más exclusivos Standard/Tailored/Customised products (estándar / a medida / personalizados) Imported brands in the market The presence of adequate storage and handling facilities The (ice-cream) industry is vulnerable to foreign exchange fluctuations. The product’s shelf life ranges from … to …depending on the conditions of its storage. (La vida útil del producto varía de ... a ... según las condiciones de su almacenamiento). Market assessment A head/ per head / per capita. Income per capita - an increase in per-capita income levels Growing affluence in the country: The state of having a great deal of money; wealth. Market growth rate: Tasa de crecimiento del mercado. Economic growth rate of 8%. Be estimated to be worth a total of $... Be forecast to (increase) Consumption is largely influenced by (quality, packaging, etc.). There is still a large market for Players Dominant / domestic (nacionales) / local / national / multinational / global brands Major brands Major players selling on (the Chinese) market Market leader The company has/holds a (36-per-cent) share of the country’s (ice-cream) market. Actions Positioning of brands in existing markets Budget available for new ventures (riesgos) A joint-venture (proyecto conjunto) partner for marketing, storage and distribution . A plan of action To build more production facilities To set a price To market a product (where) To break into a new market To expand operations in a foreign country To introduce a major drive (impulse) Increased spending power is driving the market. To allocate % of budget towards sth To double production capacity To launch a new product Competing To squeeze a market in a bid to (increase market share) In an effort to capitalise on (growing niche markets) To capture market share To overtake (another country) as the leading market for (consumer goods) Go about doing sth To advertise heavily Gain more market To position a product Be savvy to sth /doing sth Boost sales To provide quality products at competitive prices Expand product lines in a country Market penetration Presentations Get down to the finer details. To give sb more background. Unit 9: Advertising and Customers A medium (sing) / Media (plural) Print advertising To increase brand awareness To boost sales and increase market share To maintain customer loyalty A product launch A brand-building activity Promotional activities Banner ads Classified ads in the newspaper Point-of-sale displays Product endorsement (promoción de producto) To recall a particularly good commercial 1. Raise, raised: move sth up. 2. Rise, rose, risen: come or go up, get higher. (Prices) 3. Arise, arose, arisen: appear, begin (abstract. eg: a difficulty has arisen) 4. Arouse, aroused: awaken, cause to become active (suspicion, interest, attention). Valueless / Worthless // Priceless/ Invaluable Household Buying habits / Buying patterns Soar (remonatar, elevar) A cost-effective medium (rentable) Boost the effectiveness of advertising To reach a target audience Get sb’s attention The mood of the target audience To achieve maximum audience To promote a product A promotional activity Point of purchase Put together a proposal based on the size of the budget A glossy monthly magazine Buy slots within prime time (tragamonedas) A broad range of potential consumers TV viewers A product featured in a commercial A rising barrage of ads (una avalancha creciente de anuncios) Open market Retail sector Marketplace To pick and choose Consumer power Implications of consumers’ unprecedented strength for business Highly transparent prices Old business divisions crumble Provide credibility Hence (por lo tanto) The confidence level of the average consumer Advertisers Marketers Frequent flyers Cookies: tracers / Track users Be constantly bombarded with too much advertising and marketing Marketing consultants Claims made for products Unit 10: Advertising and the Internet Traditional media / Non-traditional media Internet advertising E-commerce – e-shopping Internet fraud Call in at (a travel agent’s) Browse through (the inventory of local dealers) Get a quote for a product Book tickets Click on a banner ad Pick up great bargains (offers) Shop around Filter out ads / Screen out Have products in stock / Have a product sent on Customise a purchase Haggle over / trade-in value To research/track your planned purchase Get taken for a (pretty big) ride Get the feel of sth at a showroom To be in the right frame of mind to (do sth) Brand advertising Redirect people to a website / Website address Spoof ads: fake To forecast sales Salesperson / Manage after-sales service To commercialise information To undercut A straightforward business A disparity between Advertising takes up % of the budget. Devote % of your advertising budget to sth. Kick off by (asking): Empieza preguntando algo. It came as a bit of a shock to (see…)
Marketing Management for Beginners: How to Create and Establish Your Brand With the Right Marketing Management, Build Sustainable Customer Relationships and Increase Sales Despite a Buyer’s Market