BICU Marketing and Sales Name Date Day AC BD Block Make sure to save all items from this unit in your “Marketing and Sales” Folder on your computer. You can save each as the activity number or title listed. Section Activities Check-off Part I: Vocabulary 1. Flash Cards 2. Word Search Part II: The Marketing Mix 3. Comparison 4. Understanding Marketing 5. Teen Target Part III: Market Research 6. Focus Group Questions and Product Development Part IV: Advertising 7. Advertising Campaign 8. Advertising Appeal Culminating Activity Event Flier Final Project Marketing a Product—You Extra Credit Infomercial Activity Part I: Vocabulary Activity 1 Directions: Read the following list of vocabulary words. When you are finished, create flash cards for each vocabulary word, writing the word on the front of your index card and the definition on the back. Advertising: the paid, nonpersonal form of communication that businesses use to promote their products Cyber ads: advertisements that appear on the Internet Demographics: facts about the population in terms of age, gender, location, income and education Direct-mail Advertising: consists of advertisements sent by mail to people’s homes Infomercial: a television program, usually 30 minutes long, made to advertise a product Market: a group of customers who share common wants and needs Market Research: gathering and studying information about the buying habits of consumers to determine what goods and services to produce Marketing: the process of creating, promoting, and presenting a product to meet the wants and needs of consumers. Marketing Concept: a plan for how to market a product or service to consumers. Marketing Mix: The four main elements of marketing, also called the four P’s: product, place, price, and promotion Marketing and Sales Tab, Marketing and Sales Packet, page 1 Mass Media: means of communication such as television, radio and newspapers Target Marketing: finding and analyzing potential consumers for a product Transit Advertising: consists of posters placed on the sides of buses, in subway stations, inside trains and at airports Webcast: like a television or radio broadcast but sent and received over the Web Activity 2 Directions: Quickly create a word search using www.puzzlemaker.com must make it big enough so it uses at least 12 of the 14 vocabulary words on the front page of the Marketing and Sales Packet. It will probably need to be 25 x 25—print both the puzzle and the key. In Microsoft Word open a new document, type a title and then create a table and fill in the letters from the Internet word search. Double space after the table and list the vocabulary words at the left margin. Double space and type your name, block and file name. Save. Do not print. The teacher will then show you how to take your list of words and put them into columns below your table. When you turn in your packet of work, you need to hand in a printed copy of your word search and an answer key with the answers highlighted or circled. Save in your Marketing and Sales folder as: Activity 2 Part II: The Marketing Mix 1. Product a. Is there a demand for the product? b. How do you present the product to make it as appealing as possible? c. What does the packaging look like? 2. Place a. Where do you sell the product? Example – Where do you sell skis? b. What kind of location? Example – a large department store or a boutique? c. Where do you place this product within the store? 3. Price a. How much are customers willing to pay? b. Is the price competitive with other products? c. Can the company make a profit? 4. Promotion a. What types of advertising should be used? b. Should discounts be offered? c. What type of publicity should be utilized? Marketing and Sales Tab, Marketing and Sales Packet, page 2 Activity 3 Directions: Think about five things you buy often. Determine at least three different places that you can buy those items. Record the price that each store charges for each item. Put the information you have found into a table. When setting up your table, be sure to include a title (you come up with one) and column headings. Refer to your Table How-To packet, if necessary. When typing dollar amounts, only the first line should have the dollars sign typed and be sure the decimals vertically align. Do any of your columns need to be distributed evenly? Adjust the overall width of the table so there isn’t too much white space; horizontally and vertically center your table on the page. Type your heading below the table. Save in your Sales and Marketing folder as: Activity 3 Activity 4 Directions: The two statements below express opinions often held by people who do not understand marketing. For each of the statements, develop a paragraph of at least five sentences that demonstrates why the opinion is not correct. Use default margins and double space and provide a title. Be sure to type the statement (does not count as one of the five required sentences) as part of each paragraph before you state your reasons why the opinion is not correct. “My business offers high-quality products, so it does not need marketing.” “Customers have been complaining my products are not as good as they would like. I need to use marketing to be sure those poor products are sold.” Save in your Marketing and Sales folder as: Activity 4 Activity 5 Directions: Using Microsoft Word, make a list (an enumeration) of all the businesses that you have visited in approximately the last two weeks in the community. After you have completed your enumeration answer the following questions, 1. Why do you think these businesses may want to target teenage students? 2. What types of businesses target teenage students? Save in your Marketing and Sales folder as: Activity 5 Part III: Market Research And Product Development The demand for products changes constantly. Fads and fashions go in and out of style. New technology replaces old technology. A company’s ability to create a new product or a slight variation or an already successful one is important to increasing sales. The following are the seven steps in developing a new product: 1. Generating Ideas – collaborating is key 2. Screening Ideas – evaluate the final list of ideas 3. Developing a Business Proposal – the plan addresses the market, potential sales, costs, profit potential, market trends, the competition’s products, and the level of risk 4. Developing the Product – a prototype or model of the actual product is made 5. Test Marketing the Product – collect customer’s responses 6. Introducing the Product – utilize publicity 7. Evaluating the Customer Acceptance – marketers need to track customers’ responses Marketing and Sales Tab, Marketing and Sales Packet, page 3 Activity 6 Directions: Focus Group Activity—With a partner, create 4 sections of questions that would need to be answered by a focus group evaluating a new food product. Each section needs to have at least five questions. When actually typing up the questions, use 1” top and side margins. Provide a blank line, if needed, for answers. Remember—numbers must stay at the left margin! When you start a new section, start with number one again. Provide a title. Section 1: Questions about the consumer evaluating the product. Example: age, education, etc. Section 2: Questions about the packaging. Example: colors, size, design, logo, etc. Section 3: Questions about the actual product. Example: appearance, smell, sweetness, freshness, etc. Section 4: Questions about pricing and purchasing. Example: value priced, etc. Save in your Marketing and Sales folder as: Activity 6 Part IV: Advertising 1. Print Media a. Newspapers – the main advertising medium in the United States b. Magazines c. Direct-Mail Advertising – the third biggest advertising medium d. Directory Advertising – consists mostly of telephone books e. Outdoor Advertising – most common form is the billboard f. Transit Advertising – uses public transportation 2. Broadcast Media – most effective means of advertising a. Television b. Radio c. Web casting 3. Cyber Ads a. Pop-up ads – appear for a few seconds when you first log onto the Internet or when you click on a site b. Banner ads – displayed across the top or bottom of the screen and remain there c. Screen ads – appear at the left or right of the screen and can be printed for future reference Activity 7 Directions: Team up with one or two classmates and create a modified advertising campaign for a product. Explain the product that you will be selling. Then choose three different advertising mediums to use, explain why you chose those three, and give an example of each. You might want to research current trends in your market, and look around for ideas. Save in your Marketing and Sales folder as: Activity 7 Marketing and Sales Tab, Marketing and Sales Packet, page 4 Activity 8 Directions: From a magazine, newspaper or the Internet, select any four advertisements and carefully cut them out. Attach each to its own separate sheet of paper (use printer paper). You will be evaluating each one of the ads by organizing the information into one table. Create your table using landscape paper orientation and follow all table formatting rules that we have learned. Provide an appropriate title. Describe each of the following in your table: Features of the product advertised Appeal of ad (what about the ad appeals to you when you look at it and what does not) New/Improved product (Yes or no) Satisfy want or need Additional Information that should be included Purchase product (Yes or no – based on the advertisement) Save in your Marketing and Sales folder as: Activity 8 Culminating Activity Directions: Imagine you have been hired to create a publicity event for either a. a shoe store that plans to introduce a new line of athletic shoes. b. a clothing store that plans to introduce a new line of clothing c. or another idea approved by your teacher Using Microsoft Word, write a one-page paper (1” margins, double space) about the event you’re organizing, setting up and running. Include all planning details, place, day/date and event activities. Provide a title. Then, create a flier (.5 margins) that you could use to promote your event. Be sure to include pertinent details! You can use Word Art, graphics, different fonts, font sizes, colors, etc.—make it eye-catching, and attention-grabbing. Save in your Marketing and Sales folder as: Culminating Activity Marketing and Sales Tab, Marketing and Sales Packet, page 5 Final Project Marketing a Product – YOU Up to this point, you have learned the fundamentals of marketing a product. This assignment will be a little different, as the product that you will be marketing will by YOURSELF! Since ALL of you should be graduating within the next couple of years, it will be extremely important to understand how to market yourself to a target market of potential employees or college admissions counselors. Make sure that your final project is typed. You may use the computer program that will be most effective for you. The following describes the MARKETING PLAN that you will be putting together for yourself. Part I - Introduction (20 points): A description of the “product” (the student) and the “features” (including education, work and other relevant experience, extra-curricular activities, special skills and unique knowledge) Part II - Mission Statement (15 points): A listing and description of the major educational and career goals of the student Part III - Target Market and Market Research (25 points): A group of four potential employers OR post-secondary schools (two- and four-year colleges, vocational schools, etc.) for whom the student would like to work for or be educated from A list of at least three places to find information on what the prospective college or employer is looking for in a candidate Part IV - Marketing Mix (40 points): You need to give a brief description of the 4 P’s Product: the student Price: scholarships ($ amounts) that the student thinks he/she should be eligible for OR the wages and benefits the student thinks he/she should be paid Place/Distribution: When and for how long the student would be expected to be enrolled in college OR when and where the student would be required to work Promotion: how and where to most effectively communicate how the student meets the needs of the target market You may use the example on the next page when creating your project. Marketing and Sales Tab, Marketing and Sales Packet, page 6 PART I – INTRODUCTION: Personal Information: Name: Address: Telephone Number: E-mail Address: Education: High School: Anticipated Graduation Date: Special Courses Taken: Work Experience: (jobs, internships, job shadowing, volunteering) Employer, Location, Position, Dates of Employment: Duties: Extracurricular Activities: Special Skills: References: (Name, title, business, address and telephone number) – at least two PART II – MISSION STATEMENT Career and Educational Goals: (List five of your short or long-term career/educational goals) PART III - TARGET MARKET AND MARKET RESEARCH: (List your top four college choices and/or the top four employers) (List at least three places to look for more information about your prospective college/employer) PART IV – MARKETING MIX: 1. Product: (name and give brief description) 2. Price: (scholarships or wages) – Give reasons!! 3. Place/Distribution: (College – when and for how long; Employer – when and where) 4. Promotion: (How and where are you going to promote yourself) Save in your Marketing and Sales folder as: Final Project Marketing and Sales Tab, Marketing and Sales Packet, page 7 Extra Credit Watch an infomercial and complete the following in multi-paragraph format: Give a description of the product(s) Length of infomercial Did a celebrity talk and demonstrate the product? If so, did the celebrity make you want to buy the product? Was there a toll-free number for customers to call in when ready to buy? Was there a special discount or offer available? What day and time did the infomercial air? Did you like the infomercial? Why or why not? Do you think the infomercial was an effective advertising strategy? Marketing and Sales Tab, Marketing and Sales Packet, page 8