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theme 1
1.3 marketing mix and strategy
1.3.1 the design mix
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Created by
Nicole Skrzynecka
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Cards (8)
the
design mix
a
combination
of elements that are considered when designing a products
(FAC):
function
- how well the product works
aesthetics
- what the product looks like
cost
- what business spends making the product
why is it good for a business to focus on the aesthetics of a product?
customers will likely purchase the product if it looks aesthetically pleasing
stand out from competition
USP
and adds value - justifies a high price/ premium price
why might it be a negative for a business to focus on
aesthetics
?
more money has to be spent on costs in order for the product to look good = increase selling price = might put customers off
lose focus on other elements like
function
why might it be good for a business to focus on
function
?
product works well = customers are satisfied = develops
brand loyalty
= improves
reputation
= increase sales
why might it be good for a business to focus on costs?
focus on
cost reduction
=
charge lower prices
= attract customers of
want value
trade-off
is another word for compromise
an
opportunity cost
is the loss of other
alternatives
when one alternative is chosen over the other
the
design mix
presents a trade-off between two options
opportunity costs
are created when designing a product