L0201MIMI1012 MARKETING MANAGEMENT INTRODUCTION Apple Inc‚ is a brand multinational company which is the USA’s most specialist retailer in advanced technology like computers‚ cell phones and softwares. From the best products of this company that are used all around the world we can find the Iphone which is one of the most advance cell phone ever created or the Ipad and IPod or softwares like ITunes and IWork. By choosing the company‚ we shall apply the 4ps in the marketing mix to describe how
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Bayerische Motoren Werke AG‚ commonly known as BMW or BMW AG‚ is a German automobile‚ motorcycle and engine manufacturing company founded in 1916. BMW is headquartered in Munich‚ Bavaria‚ Germany. It also owns and produces Mini cars‚ and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad. In 2010‚ the BMW group produced 1‚481‚253 automobiles and 112‚271 motorcycles across all its brands. BMW is part of the "German Big 3" luxury automakers‚ along with Audi
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Project on McDonald’s Marketing Mix ACKNOWLEDGMENT I would like to express my heartfelt gratitude to all the contributors who helped me in completion of my work. They have enriched my study by sharing their valuable knowledge and views and by helping me on various occasions. I get an opportunity to express my views and thoughts to the best of my abilities. I am thankful to Mrs. Pooja for guiding me and the faculty
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American Marketing Association in 1953‚ coined the term “marketing mix”. The marketing mix refers to Jerome McCarthy’s “4 P” method used to create an effective marketing strategy. The 4 p’s of the marketing mix are product‚ place‚ price‚ and promotion. (Investopedia‚ 2013) “Neil Borden” Product refers to the creation or design of a good or service. It is here that the process begins in the life of a product. In this part of the marketing mix the design
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Describe the elements that make up the marketing mix. Marketing mix often called “4Ps” refers to four elements of a firm’s marketing strategy which are designed to meet the needs of customers. The elements include: Product Price Place Promotion To meet consumers’ needs‚ businesses must produce the right product‚ at the right price‚ make it available at the right place‚ and let consumers know about it through right promotion. PRODUCT: It is the actual offering to the customer. It refers
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Chapter 19: The marketing mix: product and packaging The role of product in the marketing mix The product itself is the most important element in the marketing mix. Without it‚ the other three would not exist. Most companies today are market oriented‚ and will identify a suitable product for the market before moving on to determine the other 3 elements. Large companies have R&D departments which spends all its time developing new product and analysing the pros and cons of competitors’ products
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ASSIGNMENT OF MARKETING MANAGEMENT QUESTION: In Marketing ‚ we study 4Ps like Product‚ Price‚ Place and Promotion. You are supposed to analyze any brand or product of choice based on the above marketing mix i.e. 4Ps. ANSWER: MARKETING MIX The marketing mix is a broad concept which includes several aspects of marketing which all inquire to obtain a similar goal of creating awareness and customer loyalty. The marketing mix is not only an important concept‚ but a guideline to reference back to
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(Bottom Left of College Card) Year: Course Code Course Tutor: Assignment No.: Degree Title: Question No. & Title: 100810690 1 MN2061K Benedetta Cappellini and Andreas Chatzidakis 1 Management with Marketing You are required that you write a 1000-word analysis on a marketing news story which has appeared in 2014 and was published in English. ANY NEWS ARTICLE FROM 100 – 500 WORDS IS APPROPRIATE. Background Founded in 2010 in Beijing‚ Xiaomi first began by launching custom Android-based
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Coca-Cola Marketing Mix: Product‚ Place‚ Price‚ Promotion Product: In order for an organization to be successful it needs to have a well-defined marketing mix. The marketing mix consists of the four P’s; product‚ place‚ price‚ promotion (Hair‚ Lamb‚ & McDaniel‚ 2006‚ p. 48). Product is defined as “everything‚ both favorable and unfavorable‚ that a person receives in exchange” (Hair‚ Lamb‚ & McDaniel‚ 2006‚ p. 48). The Coca-Cola Company’s products consist of beverage concentrates and
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McDonald’s Corporation Marketing Mix Similar to a fine recipe and its ingredients‚ a marketing mix recipe includes four ingredients‚ product‚ price‚ place‚ and promotion (4 P ’s)‚ (Kotler and Keller‚ 2006). Marketing strategies are developed through a process of thorough research‚ which will provide the vehicle for determining the correct product/service‚ appropriate pricing structures‚ with effective placement and promotion for establishing the proper position in the marketplace for achieving
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