CHAPTER 2 MARKET STUDY MAHABA-HABA TO GUYS, PERO KAKAYANIN! PLEASE WATCH: LECTURE FOR CHAPTER 2 PARTS FEASIB_AUDIO.mp4 - Google Drive https://drive.google.com/file/d/1olmFwYzv1jGBGNkUnmYgggnZcSlNGe5W/view?usp=drive_web&authuser=0 A. INTRO and CHAPTER 1 ay uploaded na rin, need basahing mabuti para connected lahat ng information and content B. As always, you can use the EyeGelo Paper in Etrep Management for reference C. Mayroong downloaded video file or screen record ng sample ni ma’am ng Feasibility Study paper, you can use that as guide. KEEP IN MIND SUMMARY: Viczon Enterprise will have an application for visually impaired individuals named ‘EyeGelo’ that has a feature of an online store of products that will surely help and guide the said target market. 1. Balabat, Kimberly Kyle C. What is Market Study for? Importance of Market Study? Why is it the lifeblood of a feasibility study? 2. Concepcion, Angel Mae A. Size, Nature, and Growth of Total Demand 3. Balabat, Kimberly Kyle C. B. Description and Price 4. Cabrido, Shayne P. C. Supply Situation and Nature of Situation 5. Manalad, Benilda May M D. Different factors affecting the market of the product WATCH VIDEO LECTURE CHAPTER 2 PARTS WATCH THE UPLOADED SAMPLE PAPER PRODUCT DESCRIPTION 6. Dela Cruz, Mika Irish L. A. Name of the product popular and scientific (if any) and the reason for choosing it. 7. Fajardo, Hannah Alexandra C. B. Properties of the product physical and chemical properties 8. Laderas, Lady Khaira D. C. Uses of the product as a finished good or as an input to other production activities 9. Reynante, Zaira Marie S. D. Users of the product Both individual and firms DEMAND SUPPLY DEMAND AND SUPPLY ANALYSIS Law of demand Substitution Effect Income Effect IHUHULI NATIN TO, KASI MEDYO CONFUSING. Law of Supply Individual supply Market supply Number of Producers Markets THE MARKETING MIX (4Ps) The physical product or service offered to consumer. Variables are: quality models and size packaging brands service it is determined by supply and demand situation should take into account the profit margin and probable pricing response of competitors Variables are: mark ups discount structure 10. Dela Cruz, Mika Irish L. Concepcion, Angel Mae PRODUCT 11. Balabat, Kimberly Kyle C. PRICE * PRICE STUDY for the products should be conducted determine the selling price of all similar and products establish the selling price of the product substitute 12. Carreon, Quennee R. PLACE 13. Carreon, Quennee R. PROMOTION MARKETING CHANNELS Reynante, Zaira Marie S. Associated with channels of distribution that serve as the means for getting the product to the target customers. Distribution decisions include market coverage, channel members, logistics, and level of service Variables are: channels of distribution location warehousing system Those related to communicating and selling to potential consumers. Variables are: advertising sales promotion personal selling publicity Is a set of practices or activities necessary to transfer the ownership of goods, and to move goods, from the point of production to the point of consumption and, as such, which consists of all the institutions and all the marketing activities in the marketing process. A marketing channel is a useful tool for management. Roles of marketing channel in marketing strategies: Links producers to buyers. Performs sales, advertising and promotion. Influences the firm's pricing strategy. Affecting product strategy through branding, policies, willingness to stock. Customizes profits, install, maintain, offer credit, etc. 14. Laderas, Lady Khaira D. Manalad, Benilda May M. FACTORS AFFECTING THE MARKET 15. Cabrido, Shayne P. Concepcion, Angel Mae DEMAND 16. Dela Cruz, Mika Irish L. Laderas, Lady Khaira D 17. Balabat, Kimberly Kyle C. SUPPLY PRICES 18. Fajardo, Hannah Alexandra C. Cabrido, Shayne P. Manalad, Benilda May M. MARKETING PROGRAM may be significantly affected by the following: Population growth Income change Taste and preferences Prices of substitute and complimentary products may be affected by the following: Development of substitute Sources and cost of production Government policies Technology may be affected by the following: Production cost Price control Inflation this defines the following: target market selling price packaging distribution advertising and promotion