Prin of MKTG - Lecture Notes - 2
Prin of MKTG - Lecture Notes - 2
Loss prevention
TYPES OF RETAIL STORES ACCORDING TO LOCATION Isolated store String street Central business district (CBD) Secondary business district (SBD) Commercial center
LOCATION REQUIREMENTS PEDESTRIAN AND VEHICULAR TRAFFIC LOGICAL TRAFFIC FLOW PROXIMITY TO OTHER BUSINESSES LEVEL OF COMPETITION PARKING AVAILABILITY PEACE AND ORDER SITUATION FLOODING EXPANSION POSSIBILITIES TERMS OF OCCUPANCY
STORE LAYOUT
SPACE ALLOCATION
SUPERMA
BACK WALL
SHELVING AREA
-S R Y A L 3 , E D I
LENGTH FEET 80 60 60 40 40 40 40
Back wall Left side wall Right side wall Gondola 1 Gondola 2 Gondola 3 Gondola 4
N O , T E F 0 6
SUPERMAR
DAIRY PRODUCE
RETAIL DISPLAYS PURPOSE OF DISPLAYS To To To To communicate stores image induce consumers to enter the store direct consumer traffic within the store direct consumers attention to specific merchandise
A W D I S T F E L
THE CO
THE USE OF COLOR Monochromatic Analogous Complimentary Split complimentary Double split complimentary Triadic
THE USE OF SHAPES Horizontal lines suggest calmness and restfulness Vertical lines suggest rigidity and sturdiness Diagonal lines abruptly call viewer attention but is difficult to look at over long periods of time Curves suggest softness and innocence
DISPLAY MERCHANDISE Must Must Must Must be fresh and clean be adequately stocked in all possible variants be replaced on a regular basis not be seen during display merchandise replacement
DISPLAY FIXTURES Must be compatible with display theme Must not draw attention away from display merchandise Must be sturdy and clean at all times
PRODUCT INFORMATION Must carry all information that can enhance the marketability of the displayed item May or may not include the price Must be installed in a manner that can prevent switching
RETAIL MERCHANDISING
TERMS
CONSIGNMENT
LOSS PREVENTION INVENTORY SHRINKAGE The peso difference between book inventory and physical inventory, expressed as a percentage of period peso sales ANTI-THEFT/ARMED ROBBERY MEASURES Armed security personnel Unbreakable glass
C.O.D.
Protective merchandise cases Motion detectors/infrared sensors Panic buttons Low store cash balance TACC machines
ANTI-SHOPLIFTING MEASURES Bag inspection and deposit Uniformed security personnel Undercover security personnel One-way/concave mirrors Security cameras Sensor tags
EMPLOYEE ANTI-THEFT MEASURES Careful employee screening Security inspection Perimeter inspection Transaction checkers Security cameras Mystery shoppers
ADVERTISING AND PROMOTIONS COMPONENTS Advertising Sales promotion Publicity Public relations
THE COM M
WHY DO COMPANIES ADVERTISE? To To To To build awareness inform persuade remind PRODUCT ADVERTISING V.S. INSTITUTIONAL ADVERTISING TYPES OF MEDIA RADIO ADVANTAGES Reach Relatively inexpensive Target marketing possible
SENDER
ENCODING
NEWSPAPER ADVANTAGES Credible Pass-on readership Relatively inexpensive Target marketing possible
CIRCULATION V.S. READERSHIP MAGAZINE ADVANTAGES Good image quality Target marketing possible Pass-on readership Not subject to obsolescence
CINEMA
ADVANTAGES Audio, video and movement Larger than life Captive audience Relatively inexpensive
DISADVANTAGES Not cost efficient Limited to reminder advertising Short attention span
BILLBOARD ADVANTAGES Relatively inexpensive Larger than life Exposed to many potential consumers
DISADVANTAGES Short messages only Reminder advertising only May be damaged by the elements Legal restrictions
DISADVANTAGES Short messages only Reminder advertising only May be damaged by the elements
POINT-OF-PURCHASE ADVANTAGES
SALES PROMOTION PURPOSES Induce trial Encourage brand switching Reward patronage
PUBLICITY PUBLIC RELATIONS MARKETING INFORMATION SYSTEM A continuing and interacting structure of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute pertinent, timely, and accurate information for use by marketing decision-makers to improve their marketing planning, implementation, and control TYPES OF MARKETING INFORMATION SYSTEMS Internal reports system Marketing intelligence system Marketing research system
MARKETING RESEARCH The systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company