• Marketing mix—the 4Ps: product, place, price, promotion
• Product: standardization of products
• Place: implications of internet selling for a company in relation to its supply chain and distribution network
• Strategies of setting price: cost-plus, demand pricing, competitor-based pricing, product line pricing, psychological pricing
• Promotion: advertising, publicity, personal selling
• Consider government standards for a particular market segment, component standardization and industry-wide standards
• Examples of trigger products and incremental products
• Analysis of product pricing that matches each of the price-setting strategies
• Examples of promotion campaigns for different products
Marketing is often a new area for designers to consider. Exploring unfamiliar aspects of innovation improves their understanding of the market needs of the products they are designing.