Marketing Mix Name:Rachel Scullion Date of Submission: 28th March 2012 Module: Marketing practice Table of Contents Aim of the report Introduction Company background Marketing mix Product o Product definition o Product categories o Product classification o Product life cycle o Branding o Packaging Price o Definition of price o Pricing strategies o Examples of products and prices o Pricing in comparison to competitors o Pricing discrepancies o Pricing methods Place o Definition of Place o Channels
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price is the amount of money charged for a product or service. More broadly‚ price is the sum of all the values that consumers exchange for the benefits of having or using the product or service. PRICE – The amt of money charged for a product or service‚ or the sum of the values that consumers exchange for the benefits of having or using the product or service. “One can define price as that which people have to forego in order to acquire a product or service.” What does a buyer think? To a
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Marketing Mix MKT/421 November 13‚ 2013 Dr. Brett Branch Marketing Mix The market mix is a tool used by marketing firms use as a guide to meet their marketing goals. The marketing mix also known as the 4Ps of marketing (product‚ place‚ price‚ and promotion) plays an important part in growth of an company or organization. Product is producing the right product for the right target market. Place comes down to just getting the product to the market targeted area‚ the product is wasted
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magazine‚ Which popular companies were the most aggressive in their promotional mix strategies? Which ones appear to need additional work? In Chile the companies that have the most aggressive promotional mix strategies are La Polar‚ Life Insurance companies‚ which tend to influence the customers by driving the public’s emotions. Did the company in general appear to have a consistent message across their promotional mix? Which ones did the best job of consistency? Which the poorest Yes‚ Jumbo
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Selecting a Pricing Method 3 major considerations in price setting : costs of production‚ distribution‚ communication set a floor to the price competitors’ prices and the price of substitutes provide an orienting point customers’ assessment of unique features establishes the price ceiling (plafond) Companies select a pricing method that includes 1 or more of these three considerations. We will examine 6 price-setting methods: Mark-up pricing‚ target-return pricing‚ perceived-value
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CONCRETE MIX DESIGN USING AMERICAN CONCRETE ASSOCIATION (ACI) ABSOLUTE VOLUME METHOD Slump Range: 80-100mm Water-Cement Ratio: 0.68 Mix Component Properties: Cement Type:1 Specific Gravity: 3.15 Coarse Aggregate Nominal Maximum Particle Size: 25mm(1in.) SSD Bulk Specific Gravity: 2.53 % Absorption Capacity: 3.47% Dry-Rodded Density: 1.543 g/cm3 Fine Aggregate SSD Bulk Specific Gravity: 2.700 % Absorption Capacity: 3.54% Fineness Modulus: 3.09
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Marketing:The Core 5/e Kerin - Hartley - Rudelius Chapter 11 APPLYING MARKETING KNOWLEDGE 1 How would the price equation apply to the purchase price of (a) gasoline‚ (b) an airline ticket‚ and (c) a checking account? 2 Under what conditions would a camera manufacturer adopt a skimming price approach for a new product? A penetration approach? 3 What are some similarities and differences between skimming pricing‚ prestige pricing‚ and above-market pricing? 4 Touché Toiletries Inc. has developed
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for its extensive network span and coverage in remote areas that they serve‚ which are not serviced by their competitors‚ like Africa. - Differentiation premium could be charged on high speed which currently DHL doesn’t do specially for parcels product line. Although DHL is cautious in charging for this differentiation because of lack of guarantee‚ their advertisements and strength are in that regards. - Value added services such as package tracking technology‚ consulting for international shipping
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MARKETING MIX: Cuddles are Us strives to produce mutually beneficial and satisfying exchanges with our target market. We are committed to the strategic use of the eight P’s of marketing a service; Product‚ Place‚ Price‚ Promotion‚ People‚ Process‚ Productivity and Physical environment to achieve this goal. Our product is a unique possession processing service designed to benefit pet owners in our target market. We have defined our core service as 24/7 pet sitting for a specific‚ identifiable
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Mc Donald’s use a bulk of their budget on promotion and getting their brand "out there." In as much as the businesses might have good products and a wide product range‚ or sold at attractive prices. The company’s at hand would still have to generate sales and profits the benefits would have to be communicated to the consumers through promotion. The promotional mix consists of a blend of personal selling‚ sales promotion and advertising‚ public relation tools. Promotion Element Advantages Disadvantages
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