What Is Service Life Cycle

Service lifecycle is an approach to IT Service Management that places an emphasis on how important coordination and control is, across the various functions, processes, and systems that are necessary to manage the complete lifecycle of IT services.

What is service flower

The Flower of Service Model Borrowed from the nomenclature of a typical flower, the Flower of Service concept summarized the interaction between supplementary services existing in the form of facilitating services and enhancing services within the core product.

What are the 5 levels of customer value hierarchy

He defines a product as anything that can meet a need or a want, and his Five Product Levels Model provides a way to show the different levels of need customers have for a product, such as: Core benefit, Generic Product, Expected Product, Augmented Product and Potential Product.

What does 4p in marketing stand for

The 4Ps of marketing is a model for enhancing the components of your “marketing mix” – the way in which you take a new product or service to market.

It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand.

What are the 7ps and 7cs

7 P’s and 7 C’s » Product = Customer. » Price = Cost. »

Place = Convenience. » Promotion = Communication.

What is market skimming strategy

a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.

How do you sell things to people?

  • Make it about them
  • Do your research before reaching out
  • Build rapport first
  • Define your buyer
  • Contribute first, sell second
  • Ask questions, and listen
  • Be mindful of psychological quirks
  • Approach them on their level

What is service PPT

SERVICE DEFINITION “ A service is an act of performance that one party can offer to another that is essentially intangible and does not result in the ownership of anything.

Its production may or may not be tied to a physical product.” –

How can I promote my business in 2022?

  • 1) Pay Per Click (Search Ads)
  • 2) Social Media Ads
  • 3) Email Marketing
  • 5) Influencer Marketing
  • 6) Podcast Ads
  • 7) Referrals
  • 8) Location-Based Offers
  • 10) Video Content & Advertising

What are positive customer relations

What are positive customer relations? Positive customer relations are long-term, mutually beneficial relationships between a customer and a company.

These relationships are built by creating a stable environment of trust that results in the continued growth of both the customer and the organization.

Who is the father of modern marketing

Philip Kotler, the Father of Modern Marketing, Will Never Retire.

How do I sell a product?

  • Find your products
  • Identify your niche market
  • Conduct market research
  • Create buyer personas
  • Brand your business
  • Build your e-commerce website
  • Set up processes for payment, shipping, and staying in touch
  • Create high-quality product content

How can I sell more?

  • Know your product
  • Understand where you are in the sales cycle
  • Exude irrational confidence
  • Know your numbers
  • Define your next steps
  • Creatively outdo your competition
  • Be a good listener
  • Make a connection with the person on the other side

How do you develop a brand name?

  • Develop Your Brand Strategy
  • Research the Market, Competitors, and Consumers
  • Identify the Message Your Brand Should Communicate
  • Brainstorm without Judging
  • Create a Short List
  • Trademark and Domain Name Availability Search
  • Create a Shorter Short List
  • Develop Brand Marketing Mock-ups

What is premium strategy

Premium pricing is a strategy that involves tactically pricing your company’s product higher than your immediate competition.

The purpose of pricing your product at a premium is to cultivate a sense of your product’s market being just that bit higher in quality than the rest.

Why the 7 P’s is important

Why are the 7 Ps important? The seven Ps are important because they can help you plan and lead discussions about a business’ marketing practices, whether the company sells products, services or both.

This means if you’re marketing a service or product, you can consider the seven Ps to help you sell it effectively.

How do you let people know your product?

  • Develop fact-based arguments that explain the value of your product or service
  • Use demonstrations to highlight the value of your offering
  • Focus on converting a group of early adopters
  • Target influencers
  • Seek testimonials from people whose opinion is respected

What is predatory pricing

In most general terms predatory pricing is defined in economic terms as a price reduction that is profitable only because of the added market power the predator gains from eliminating, disciplining or otherwise inhibiting the competitive conduct of a rival or potential rival.

What is strategy triangle

The strategic triangle (3C’s) is a framework used to establish the competitive position of the company in relation to its customers and competitors.

The framework is based on the premise that competitive advantage is determined by the ability to deliver greater value to customers at a lower cost than competitors.