The extended marketing mix (7Ps) The marketing mix is the combination of marketing activities that an organisation engages in so as to best meet the needs of its targeted market. Traditionally the marketing mix consisted of just 4 Ps. For example‚ a motor vehicle manufacturer like Audi: * Produces products that are of the highest quality and fit for the needs of different groups of consumers‚ * Offers a range of cars at value for money prices‚ depending on the market segmented they
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Demographic 4 Culture 4 Economic 4 Natural 5 Technological 5 Social 5 Political 6 Competitor 6 Factors influence on consumer behaviour 6 Segmentation 7 Internal analysis 8 Product 8 Price 9 Promotion 9 Place 10 SWOT Analysis 10 Strength 10 Weakness 11 Opportunities 11 Threat 11 Conclusion 12 List of reference 12 Appendix A 13 Appendix B 14 Appendix C 14
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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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and services. For an organisation to meet its business objectives‚ it has to find out what consumers require and then identify the best way in which it can satisfy these needs and wants. Creating a competitive advantage can be difficult. A unique marketing strategy with clear objectives is vital to ensure effective promotional activity. Since opening its first store in 1913‚ Aldi has established itself as one of the most reputable retailers in the global business market by providing great value and
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of Phoenix MKT421 - Marketing Mix The marketing mix is comprised of four basic marketing strategies. The four strategies‚ which include product‚ place‚ price‚ and promotion‚ involve the decisions that a business must make to succeed. The marketing mix is reliant on how clear and defined the business’ target market is and how well the company directs the strategies towards its targeted market (Glenco McGraw-Hill‚ 3rd Edition). This paper will further define marketing mix‚ the four strategies
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QUESTIONS & IDEAL ANSWERS: . 1. Conduct a 4C’s Stakeholders Analysis of the Nintendo Wii Market in 2006. Please note that an analysis is more than just a list. You need to describe each stakeholder and how they affect the strategy. • Consumers (note: there’s more than one target segment): The case notes that Nintendo targeted non-gamers in addition to gamers. This included consumers of any age and gender. Conversely‚ competitors like Sony focused on teens and males. The case also mentions
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Marketing Mix Product Strategy • Bingo positioned itself as chips with an Indian twist. The 16 flavours introduced at launch were carefully developed through R&D • The initial offerings were a mix of potato chips and finger snacks • The potato chips segment includes variants like masala‚ salted‚ tomato inspired by snacking habits of Indian consumers • The offerings under finger snacks include Pakoda (Live Wires) and Khakra (Mad Angles) • These offerings were further differentiated by providing
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after-sales services‚ warranties‚ returns‚ etc. Moreover‚ the company’s position‚ as well as marketing strategy in the market‚ can be judged on the basis of its product mix including width‚ length‚ depth and consistency (Proctor‚ 200). Width is the number of lines the firm carries‚ for example Sony has various lines including TV‚ video‚ cameras and laptops. Length is the number of items in the product mix‚ for example Toshibahas different types of TVs and laptops. Depth is the number of variants of
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Marketing Mix of Nestle Nesquik Tina American Intercontinental University Abstract In this paper I will be writing about Nestle Nesquik. I will also be writing about the marketing mix‚ which is the four P’s‚ price‚ product‚ promotion and place. I will also tell you why I choose Nestle Nesquik. Finally‚ I will tell you why each for p is important when marketing Nestle Nesquik. Marketing Mix of Nestle Nesquik I choose the product Nestle
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UNIT 5: MARKETING TRAVEL AND TOURISM PRODUCTS AND SERVICES I – Introduction I have been offered a short period placement in the National Maritime Museum. As part of my team projects in the Marketing Department‚ I have to produce a brief report to describe the marketing mix of the organisation in order to examine different aspects of marketing. The National Maritime Museum located in the heart of Greenwich where is home to historically buildings and most important national collections
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