Functions of marketing:
(i) Branding: - Branding is the process of giving a name, term, sign, symbol, design, or some combination of them, to the product.
- “They chose a 'logo' that incorporated elements of nature and used earthy colours to convey their organic commitment.”
OR
“They named the business ‘Earthy Store' which indicated the products' benefits and qualities and reflected the values of the business - sustainability and health.”
(ii) Packaging and Labelling:
- Packaging refers to the act of designing and producing the container or wrapper of a product.
- Labelling refers to designing and developing the label to be put on the package. It may vary from a simple tag to complex graphics.
- “They designed and developed eco-friendly biodegradable bags and reusable containers to courier their products to the customers”
OR
“They also designed and developed product stickers with detailed information about organic certification, nutritional benefits, date of manufacture, date of expiry, etc.”
(iii) Promotion:
- Promotion refers to informing the customers about the firm’s product, its features, etc., and persuading them to purchase these products.
- “'Earthy Store' created a user-friendly website and established a strong media presence to inform potential customers about their products and persuading them to buy the same.”
What is the Planning Process?
‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
Identify the type of plan indicated by the above sign :
Match the Marketing Management philosophies given in Column I with their main focus given in Column II:
| Column I | Column II |
| 1. Production concept | (i) Customers’ needs |
| 2. Product concept | (ii) Quality, performance and features of product |
| 3. Marketing concept | (iii) Customers’ needs and societal well-being |
| 4. Societal marketing concept | (iv) Quantity of product |
Choose the correct option from the following: