the science & art of enclosing or protecting products for distribution, storage, sale, and use....
TRANSCRIPT
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the science & art of enclosing or
protecting products for distribution,
storage, sale, and use.
What is Packaging ?
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Need for PACKAGING
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REVENUES EXPENSES
PROFIT (LOSS)
=
PRICING IT RIGHT
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What is the total expense for the company ? {60 BB}Therefore : Revenue – 60 = Profit
Assuming 2 different sizes (Large /Small)
Number of large : 10 and sell it for 3 BBNumber of small : 10 and sell it for 2 BBHence at : 10x3=30 + 10x2=20 : Total = 50 BB (LOSS !!)
Pricing Worksheet (C9)
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What is the total expense for the company ? {60 BB}Therefore : Revenue – 60 = ProfitAssuming 2 different sizes (Large /Small)Number of large : 10 and sell it for 4 BBNumber of small : 10 and sell it for 3 BBHence at : 10x4=40 + 10x3=30 : Total = 70 BB (PROFIT !!)
Pricing Worksheet (C9) contd…
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• Cost (manufacturing + packing + marketing + etc.)• Quantity/Size• Quality • Competitor Information• Perceived Value
Critical factors of Pricing
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• Visit the General Store• Buy the packaging material• Record transaction on Company ledger (C3)
Note : company interested in limiting expenses should innovate and try to use substitutes
Let’s buy Packaging Supplies
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Let’s do Worksheet (pg87)
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1. 2,600 + 1,150 = 3,750
1. 15 x 175 = 2,6253,750 – 2625 = 1,1251,125 / 125 = 9
3. [(16 x 175) + (10x 125)] – (2,600 + 150) = 1,300
Solution to Worksheet (pg87)
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ACTIVITIES THAT HELP TOWARDS PROMOTING A COMPANY, PRODUCT
AND/OR SERVICE
ITS ABOUT ‘CREATING A NEED’
WHAT’S MARKETING?
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Components of Marketing
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LOGO – An attractive graphic representation uniquely designed around the name for easy recognition
Slogan – A distinct phrase to associate and identify with your Company
Advertising – creating awarenessCommunication – clarity Campaign – a series of actions intended to achieve a
specific goalFinally its about Creating a Brand
Components of Marketing
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Components of Marketing
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1. Disney2. International Olympic Committee3. Mercedes-Benz4. Nike5. McDonald’s6. Thumps Up7. KINGFISHER Airlines 8. Cadbury Dairy Milk 9. Big Bazaar 10. Domino’s Pizza
Solutions to Memo 10
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YOU SEE A GORGEOUS GIRL AT A PARTY. YOU GO UP TO HER AND SAY
“I AM VERY RICH. MARRY ME”
Example – Marketing
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ATTRACTING ATTENTION TOWARDS A PRODUCT OR SERVICE
ITS ABOUT ‘CREATING AWARENESS’
What’s Advertising ?
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• Word of Mouth is a Great Cost Effective Way of Advertising
• Distribute Flyers/Pamphlets to Prospects• Advertising on TV/Print/Mags/Internet/Banners etc• Visual and/or Audio gets best Mileage though
Expensive• Mailers / Emails
Different methods of Advertising
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You're at a party with a bunch of friends and see a gorgeous girl. One of your friends goes up to her and pointing at you says this
“He's very rich. Marry him”
Example - Advertising
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• Marketing is expensive • Do you have enough money ?• If NO then Options :
– Bank Loan @10% p.a.– Venture Capitalist
Note : record this financial transaction on your company ledger (C3)
Raising Additional Funds
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• Visit the General Store• Buy the supplies• Record transaction on Company ledger (C3)
Let’s buy Supplies for the Campaign
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• You need to create – Company Slogan– Company Logo– Print Advertisement– TV Advertisement (Commercial 30-60 Sec)
Note : you will need present all the above to the shoppers before they begin to shop
Creating a Marketing Campaign
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• Target Market – Know Area/Location/Market which has potential demand
• Target Customer – Know your target Audience
– E.g. Male/Female/Age/Social Standing• Know your Competitor Product/Price• Strong Distribution –– Know final point of Sale
– E.g. General Stores/Chemists/Boutiques etc….
Effective Marketing
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• Company Stock– Calculate total shares of stock on hand
• Cash In– Calculate = VC + Bank + others + etc..
• Cash Out– Calculate = PKG + MKTG + SAL (1BB per employee)
+ Rent (1BB) + Interest (1BB for every 10BB)
• Cash On Hand– Calculate = Cash In - Cash Out
Prepare Finance Worksheet C(S25)