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marketing -samsung

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INTRODUCTION
1.Samsung 1 of famous electronic devices worldwide. Their founder is Lee ByungChul on 1 March 1938 in South Korea. Samsung headquarters in Samsung Town in
the Gangnam.
2.This company is also involved in securities, retail, insurance, textiles including food
processing and Samsung Electronics, Samsung Engineering, Samsung C&T
Corporation, Samsung Heavy Industries, Samsung SDS, Samsung Life Insurance,
Samsung Fire & Marine Insurance, and Cheil Worldwide in 1993. In the late 20th
century Samsung has developed smartphones and phones.
3.Samsung began to expand its company worldwide by building factories in the
United States, Britain, Germany, Thailand, Mexico, Spain, and China from 1990 to
1997. The company develops an integrated marketing mix based on the product,
price, place, and promotion factors under its influence, known as 4Ps, driven by
marketing strategy.
4.Samsung made the promotion is a situation where it explains the advantages of the
product being sold and persuades the consumer to buy it. (Kotler & Armstrong, 2018)
PRODUCT
MARKETING MIX OF SAMSUNG- PRODUCT
A product is a collection of goods and services that a firm offers to its
target client. Product types can be divided into three groups.
• Tangible Products:
• Intangible Products:
• Services
Product Differentiation: Samsung focuses on product innovation and
differentiation to stand out in the competitive market. The company
continuously introduces new features, designs, and technologies to make
its products unique and appealing to consumers. By offering a diverse
range of products across various price points, Samsung caters to different
segments of the market.
Mobile Devices:
Televisions and Home Entertainment:
Home Appliances:
Computing and IT Products:
Cameras and Imaging Devices
Home Automation and IoT:
Displays and Semiconductor Solutions:
PRICE
Samsung use skimming pricing strategies to maintain
their efficiency and maintain the best prices for their
products.
Premium pricing
Value-based pricing
The second competitive pricing strategy is fair pricing,
which bases the cost of the good or service on what
competitors charge.
Samsung offered better features and pushed for lower
prices.
PLACE
It focuses on the location of the company, the location of the market,
how these two can be better connected, how to store and finally
transfer goods.
PROMOTION
Promotion
promotion type : orally , visually
advertising
sales promotion
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