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For products and/or services to reach to potential or targeted customers, companies and businesses need to market them once they have been manufactured. The term 'Sales' is defined in a number of ways but it mainly refers to a social process through which people and groups obtain what they need and desire through creation and exchange of products and values with others (Gummeson, 2002). In other words, it is everything a company or business does to place their products and/or services in the hands of potential customers. For companies to effectively market their products or services they need to establish a successful mix of the right product which is sold at the right price in the right place using the most suitable promotion (Brassington & Pettit). 'Sales' is important in determining the appearance of a product or service as per the requirements of the market and the function of the product or service where they must address the needs of customers as identified through market research (Kotler, et al., 2000).
'Sales' mix is perhaps the most widely used term in as far as 'Sales' of products and services is concerned. For a company to establish the right 'Sales' mix they need to meet a couple of conditions for instance the fact that their goods must be in the right place at the right time and that the target group is aware of the existence and availability of the product through promotion and advertisements since successful promotion helps a company to spread costs over a larger output (Johnson & Scholes, 2002).
'Sales' mix refers to different tools used by a business or company to effectively promote its business in the marketplace (Doyle, 1994). It is responsible for the manner in which a business uses product, distribution, promotion and price to market and sell its product or service. 'Sales' mix is often referred to as the Four P's due to the four main elements that it is concerned with, namely Product, Promotion, Place and Price (Palmer, 2001). The product is that which the customer obtains and the place is the manner in which the product is distributed to the potential customer or target group (Hoyle, 2002). On the other hand, while promotion deals with the manner in which the customer is found and convinced to buy the product or service, the price is how much the customer pays for the product or service. The reason why it is referred to as a mix is due to the fact that each ingredient or element influences each other (Kotler, et al., 2000).
Case 1: Explain how sales strategies are developed in line with corporate objectives
The main objective or purpose of 'Sales' mix is to satisfy the needs and desire of the customers in the most effective and economical way. Shower Cream is a product produced by 'MTA'. 'MTA' London-based Company desiring to advertise or rather promote their Shower Cream (Hoyle, 2002). This particular company has incorporated 'Sales' Mix in trying to get their service to potential clients. Everyone, young and old, is currently aware of the most popular social network, Facebook. It is a social site where the younger generation spends most of their free time and Shower Cream is aware of this fact and has therefore taken full advantage (Johnson & Scholes, 2002). One of the elements of 'Sales' mix is product or service that a company has to offer to its potential clients, These products or services need to meet customer requirements whatever they may be and are expected to do what they say they can do and what they are expected to do (Brassington & Pettit, 2003).
As aforementioned, majority of potential customers for Shower Cream are the younger generation and a few older people who may be interested in Beauty. . Price and Product/Service are perhaps one of the most crucial elements of 'Sales' Mix that a company needs to consider and pay close attention to unlike the other two, Promotion and Place.
Under the Place element, 'MTA' has not taken into consideration the fact that there may be those who would be willing to buy their product but are too far away, such as in other countries and have no means of getting it (Kotler, et al., 2000). It has been observed that one-fifth of the cost of product is spent getting it to customers. Even though the product has reached its target group through the sales strategies, they will not get as many sales of the product as would have been the outcome if facilities such as distribution to those in other nations would be considered (Johnson & Scholes, 2002). Promotion is the process of communicating with customers and involves packaging that is presenting the product in a desirable and most appropriate manner, advertising which...
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CELCAT, though, is just one of dozens of vendors competing in the class scheduling software industry as well as many open sources options that are free of charge, and the thousands of colleges and universities that have undertaken the selection process have done so largely without the benefit of a set of best practices that can be used for this purpose. As a result, it is reasonable to suggest that
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Soldierly Perception of Masculinity in Imperial Germany 1880-1914 According to the researchers, from last two centuries shifts have been experienced in Germany's war system. New forms of masculinity arose in 1945, when Germany was totally surrendered and so did the regime of Nazi's. The regime of Nazi's was a heroic one and after World War II new forms of masculinity arose in Germans. War system is a vital determiner of masculinity;
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