Marketing Functions Fashion Marketing Marketing Lesson Plan Performance Objective Upon completion of this lesson, the student will know the importance and functions of marketing. Specific Objectives • Rationalize the marketing concept; • Describe each marketing function and how it relates to the fashion industry; • Explain how each component of the marketing mix contributes to successful marketing; • Employ concepts and strategies used to determine and target marketing strategies to a select audience in order to facilitate merchandising activities; • Describe advantages and disadvantages of market segmentation and mass marketing; • Research trends and emerging technologies affecting fashion marketing. Terms • Marketing – the process of developing, promoting, and distributing products to satisfy customers’ needs and wants • Marketing Concept – the idea that businesses must satisfy customers’ needs and wants in order to make a profit • Target Market – the specific group of people that a business is trying to reach • Market Segmentation – a way of analyzing a market by categorizing specific characteristics • Demographics – statistics that describe a population in terms of personal characteristics such as age, gender, income, ethnic background, education, religion, occupation, and lifestyle • Psychographics – studies of consumers based on social and psychological characteristics such as attitude, interests, and opinions • Geographics – statistics about where people live • Behavioristics – statistics about consumers based on their knowledge, attitudes, use, or response to a product • Fashion Merchandising – the planning, buying, and selling of fashion apparel and accessories to offer the right merchandise blend to meet consumer demand • Retailers – store owners Time When taught as written, this lesson should take approximately 3 days to teach. Copyright © Texas Education Agency, 2014. All rights reserved. 1 Preparation TEKS Correlations: This lesson, as published, correlates to the following TEKS. Any changes/alterations to the activities may result in the elimination of any or all of the TEKS listed. 130.343. (c) Knowledge and Skills (1) The student knows business concepts and how business satisfies economic needs. The student is expected to: (A) categorize business activities such as production, marketing, management, or finance (B) explain the interdependence each business activity has with marketing (2) The student knows the importance and functions of marketing. The student is expected to: (A) rationalize the marketing concept (B) describe each marketing function and how it relates to the fashion industry (D) employ concepts and strategies used to determine and target marketing strategies to a select audience in order to facilitate merchandising activities (E) describe advantages and disadvantages of market segmentation and mass marketing (F) research trends and emerging technologies affecting fashion marketing (F) explain legislation that impacts the fashion industry Interdisciplinary Correlations: English III • 110.33(b)(1) Reading/Vocabulary Students understand new vocabulary and use it when reading and writing. • 110.33(b)(9) Reading/Comprehension of Informational Text/Expository Text. Students analyze, make inferences and draw conclusions about expository text and provide evidence from text to support their understanding. • 110.33(b)(12) Reading/Media Literacy. Students use comprehension skills to analyze how words, images, graphics, and sounds work together in various forms to impact meaning. Students will continue to apply earlier standards with greater depth in increasingly more complex texts. Occupational Correlation (O*Net – www.onetonline.org/): Job Title: Wholesale and Retail Buyers, except for Farm Products O*Net Number: 13-1022.00 Reported Job Titles: Merchandiser, Merchandising Manager, Product Manager, Purchasing Manager Tasks • Confer with sales and purchasing personnel to obtain information about customer needs and preferences • Set or recommend mark-up rates, mark-down rates, and selling prices for merchandise • Examine, select, order, and purchase at the most favorable price merchandise consistent with quality, quantity, specification requirements and other factors • Monitor and analyze sales records, trends, or economic conditions to anticipate consumer buying patterns and determine what the company will sell and how much inventory is needed Soft Skills: Negotiation, Mathematics, Active Learning, Complex Problem Solving Copyright © Texas Education Agency, 2014. All rights reserved. 2 Accommodations for Learning Differences: It is important that lessons accommodate the needs of every learner. These lessons may be modified to accommodate your students with learning differences by referring to the files found on the Special Populations page of this website (cte.unt.edu). Preparation Teacher will review the terms in the outline, slideshow, and handouts to become familiar with lesson. Teacher will have assignments and vocabulary words ready to distribute to students References • Ekstrom, G., Justiss, M., & Glencoe/McGraw-Hill. (2006). Fashion marketing. New York: Glencoe/McGraw Hill • Fashion store websites • Professional marketing association websites Instructional Aids • Display for slideshow • Ekstrom, G., Justiss, M., & Glencoe/McGraw-Hill. (2006). Fashion marketing. New York: Glencoe/McGraw Hill • Fashion clothing Websites Introduction Learner Preparation Ask students “What is Marketing?” Explain that marketing has seven important functions in order to effectively market products. Lesson Introduction SHOW – Show the students the functions of marketing coded marketing wheel ASK- Ask the students to describe how each one of the functions might be used to market the fashion industry. SAY- Each function of marketing is of equal importance. Go through each function discussing its meaning with the students. Copyright © Texas Education Agency, 2014. All rights reserved. 3 Outline MI Outline Instructor Notes 1. Fashion Marketing Function Basics A. Functions of Marketing 1. How Fashion is Marketed B. The Marketing Concept C. Target Market 1. Demographics 2. Psychographics 3. Geographics 4. Behavoristics D. Diverse and Changing Markets E. Fashion Merchandising 1. Retailers and Fashion Merchandising 2. Merchandising Market Factors (Day 1) Use slideshow as visual aid. After the introduction, have students break out into 7 different groups with each group representing a marketing function. Give students a broad clothing item like “Jeans”. Then have each group explain how their function will market the jeans. (Day 2) Use slideshow as visual aid. Have students fill out vocabulary terms and go over each word in detail with class. Go over details of “Market Segmentation Project”. (Day 3) “Market Segmentation Project” Multiple Intelligences Guide Existentialist Interpersonal Intrapersonal Kinesthetic/ Bodily Logical/ Mathematical Musical/Rhythmic Naturalist Verbal/Linguistic Visual/Spatial Application Guided Practice (Day 1) Explain to students marketing has seven functions in which each function is of equal importance in order to market products as effectively as possible. (Day 2) Vocabulary Day (Day 3) Project Independent Practice (Day 1)Have students break out into 7 different groups with each group representing a function. Give students a broad clothing item like “jeans”. Then have each group explain how their function will market the jeans. (Day 2) Have students fill out vocabulary terms and go over each word in detail with class. (Day 2/3) Market Segmentation Project Copyright © Texas Education Agency, 2014. All rights reserved. 4 Summary Review Ask students to answer the following questions aloud: • What are the Functions of Marketing? • How is Fashion Marketed? • What is the Marketing Concept? • What is a Target Market? • • • • What are Demographics? What are Psychographics? What are Geographics? What are Behavoristics? Evaluation Informal Assessment Teacher will observe students during project. Teacher will move about the classroom providing feedback and making sure students are on task. Formal Assessment Students will be evaluated on their individual Market Segmentation Paper. Enrichment Extension Have students think of at least three friend or family members of different ages and describe the type of clothing that appeals to those people. Copyright © Texas Education Agency, 2014. All rights reserved. 5 Marketing Functions Fashion Marketing Marketing Market Segmentation paper As individuals, you are to choose a large existing clothing company and conduct research. Key elements that you will focus on are the following: Marketing Concept - How does this companies’ products satisfy customer needs? Demographics - Provide statistics such as age, gender, income, ethnic background etc. of the customers that shop for these particular products. Psychographics - Gather research on attitudes, social attitudes, interests, and opinions of the customers/target market. Geographics - Provide statistics on location and what the customer may need or want. Behavioristics - Give examples of consumer behavior based on knowledge, use, or response to products. Fashion Merchandising - What does this company do in the planning, promoting and selling of products to the consumer? Changing Market - What does this company do in the ever changing fashion environment? How does it stay fresh? Individuals will type a 1-2 page paper in MLA format. Copyright © Texas Education Agency, 2014. All rights reserved. 6 Marketing Functions Market Segmentation Project Rubric CATEGORY Organization Quality of Information Quality of Writing Paragraph Construction Amount of Information 20 Information is very organized with wellconstructed paragraphs and subheadings. Information clearly relates to the main topic. It includes several supporting details and/or examples. Complete sentences with good variety, proper grammar, and correct spelling. All paragraphs include introductory sentence, explanations or details, and concluding sentence. All topics are addressed and all questions answered with at least 2 sentences about each. 15 10 5 or less Information is organized with wellconstructed paragraphs. Information is organized, but paragraphs are not well-constructed. The information appears to be disorganized. Information clearly relates to the main topic. It provides 1-2 supporting details and/or examples. Information clearly relates to the main topic. No details and/or examples are given. Information has little or nothing to do with the main topic. Complete sentences, correct spelling and proper grammar. Need more variety in sentence structure. Most paragraphs include introductory sentence, explanations or details, and concluding sentence. All topics are addressed and most questions answered with at least 2 sentences about each. Complete sentences with some improper grammar. Some incomplete sentences and fragments, some misspelled words and poor grammar. Paragraphing structure was not clear and sentences were not typically related within the paragraphs. One or more topics were not addressed. Paragraphs included related information but were typically not constructed well. All topics are addressed, and most questions answered with 1 sentence about each. Total Score ________ Maximum 100 Points Copyright © Texas Education Agency, 2014. All rights reserved. 7 Marketing Functions Fashion Marketing Marketing Marketing Functions Vocabulary Marketing Marketing Concept Target Market Market Segmentation Demographics Psychographics Geographics Behavioristics Fashion Merchandising Copyright © Texas Education Agency, 2014. All rights reserved. 8