Published by:
Harvard Business Publishing
Length: 8 pages
Topics:
Marketing strategy; Product management
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Abstract
Marketers can differentiate any product or service, even commodities which seem to differ only in price from competitors'' offerings. Products almost always combine a tangible entity with an intangible promise of user satisfaction. The expected product, which includes the generic product, represents the customer''s minimal purchase conditions. These purchase conditions include variables such as delivery, terms, support efforts and new ideas. The sale of the generic product depends on how well the customer''s wider expectations are met.
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Abstract
Marketers can differentiate any product or service, even commodities which seem to differ only in price from competitors'' offerings. Products almost always combine a tangible entity with an intangible promise of user satisfaction. The expected product, which includes the generic product, represents the customer''s minimal purchase conditions. These purchase conditions include variables such as delivery, terms, support efforts and new ideas. The sale of the generic product depends on how well the customer''s wider expectations are met.