to him it consists of 4Ps namely Product‚ Price‚ Place and Promotion. These 4Ps of marketing mix were considered as the main areas where marketing managers try to use limited business resources to achieve their objectives. On the other hand services have some distinctive features i.e. Intangibility‚ heterogeneity‚ indivisibility and expiry. So in order to eliminate the differences between services and physical products‚ Booms and Bitner(1981) suggested the extension of the 4Ps and places 3 further
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Since the early beginnings of the formalization of the modern industries a need for a sales approach that addresses the specific requirements of different industries from their suppliers’ side emerged. In the early stages all efforts in this arena were individual‚ not formulated and depend largely on the situation‚ personal influences and relations. 2.1.1 The past As early as late 19th century and the beginnings of the 20th century the need to serve mass markets started to influence‚ and sometimes
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equilibrium price‚ we simply add the condition that quantity demanded equals quantity supplied in equilibrium: QD = QS = QE Demand Function 5P=-Q+46 Supply Function 4P=Q+8 QD =-5P+46 QS=4P-8 WN1 To work out equilibrium price and quantity we equate the equations -5P+46=4P-8 -5P-4P=-8-46 -9P=-54 P=6 Substituting the P value in 5P=-Q+46 so‚ 5x6=-Q+46 Q=16 So
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marketing manager for Nichii‚ you understand that it is not enough for a business to have good products sold at attractive prices. To generate sales and profits‚ the benefits of products has to be communication to customers. It is the 4th ‘P’ of the 4Ps of marketing physical products. A business’ total marketing communications programme is called the ‘promotion mix’ and consists of a blend of advertising‚ personal selling‚ sales promotion and public relations tools. Question 1 :
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Hewlett-Packard From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search "HP" redirects here. For the unit of power‚ see horsepower. For other uses‚ see HP (disambiguation). Coordinates: 37.413579°N 122.14508°W Hewlett-Packard Company (Otherwise known as HP) | HP logo used from 2008 to present. | Type | Public | Traded as | NYSE: HPQ Dow Jones Industrial Average Component S&P 500 Component | Industry | Computer hardware Computer software IT services IT consulting
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ABSTRACT This work shows the analysis made to the Toshiba Company. We performed an analysis of the 4ps price‚ product place and promotion taking as a reference the home line laptops offered by Toshiba. At the end of the document there are some marketing strategies and analysis of two segments such as family and students. Key words: Toshiba‚ 4ps‚ segmentation‚ marketing strategies INTRODUCTION Nowadays businesses and industries use computer systems to perform better and people
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product e.g. its package‚ health benefit‚ formulation or branding? - How is the product marketed and at what target market is it aimed? - What is its unique selling point? - Analyse the marketing strategy for this food product and examine: the 4Ps (Product‚ Promotion‚ Price and Place)‚ positioning strategy and sensory aspects etc. - How is the food/drink product advertised? The Irish product I will use is Guinness. Diageo manufacture Guinness. Guinness is well known as a worldwide dry stout
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Unit 3- An Introduction to Marketing Tutor: Phyllis Service Assignment: P1- P2 P1- Describe how marketing techniques are used to market products/services in two organisations Introduction Marketing techniques vary depending on a business. Every Business tends to have a fundamental objective‚ which is profit. In order to be successful‚ you should consider taking and using these important techniques in order to make your business be effective and efficient. Give a definition of marketing
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“What’s red‚ Italian and goes from 0 km/h to 100 km/h in three and a half seconds?” Ask this from any person on the street and you for sure will hear only one answer “Ferrari”. It was founded by Enzo Ferrari in 1943‚ the first Ferrari was built in 1947 and that is when the legend begins. Now it is hard to think of any other car that can make anyone feel more exclusive. It`s not just a sport car you own - it`s quality‚ passion‚ luxury and status that comes with it. We chose it for our group presentation
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a product-Pepsi. In this report‚ the purpose was compared and contrasted which 4Ps is better to the Pepsi and wanted more people to buy it. The thesis was compare and contrasts the Pepsi with the competitor - Coca Cola. So the report needed find some information and interview some people. The key finding was that SWOT and 4Ps is very important to the product. And the key conclusion and recommendation was the first 4Ps is better than the second one. 1.0 Introduction 2.1 State the objectives
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