Sales Related Marketing Policies - Product Policies
This document outlines sales related marketing policies, including product policies, distribution policies, and pricing policies. It discusses what products a company should sell, to whom they should sell, and at what price. Specifically, it covers policies around product lines, new product development, quality standards, distribution channels, and distribution intensity strategies. The overall purpose is to provide guidance to sales executives on key decisions that directly influence sales.
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Sales Related Marketing Policies - Product Policies
This document outlines sales related marketing policies, including product policies, distribution policies, and pricing policies. It discusses what products a company should sell, to whom they should sell, and at what price. Specifically, it covers policies around product lines, new product development, quality standards, distribution channels, and distribution intensity strategies. The overall purpose is to provide guidance to sales executives on key decisions that directly influence sales.
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Sales Related Marketing
Policies – Product Policies
Rahul Handa Agenda Product Policies - What To Sell ?
Distribution Policies – Who to
Sell ?
Pricing Policies – What price to
Sell ? Introduction Sales related marketing policies directly influence the jobs of sales executives. These policies provide the direction to organize ,manage and control the sales effort . These are generally company governed and formulated policies which are administered by sales executives. Product Policies – What to Sell ? The products a company sells determines its basic nature. These serve are guidelines for making product decisions. They are derived from product objectives Product Policies Product Line Policy 1. Short line(specialization) or full line (wide selection) policies. 2. Governed by willingness to take risk. Narrower the line greater the risk.
1. Changes in Product Offerings
-to determine the product tuning with market -to determine products which needs to be dropped or added Product Policies 2. Reappraising the product line and line simplification -adding or removal of profitable and non profitable product lines and customer accounts.
3. Reappraising the product line and line diversification
-relative to growth objectives
4. Ideas for new products
-Internal and external sources for new ideas.
5. Appraisal of proposed new products.
-criteria is profitability, nature and size of likely markets, competition, price policy, sales programs and legal implications. Product Policies Product Design Policy
1. Frequency of design change
2. Extent to which designs are to be protected from copying.
Product Quality and Service Policy
1. High quality products require less service and low
quality products requires high service. 2. Guarantee policy – serves either protective or promotional purposes. Distribution Policies – Who to Sell ? Policies on Marketing Channels Channels should be chosen in order to obtain the optimum combination of profit factors. Time dimensions must be considered in addition to : 1. Sales Volume Potential 2. Comparative distribution costs 3. Net Profit Possibilities Distribution Policies Policies on Distribution Intensity Following distribution strategies are implemented by company : 1. Mass Distribution 2. Selective Distribution 3. Exclusive Agency Distribution Thank You !