P3 Compare the way in which at least two organisations of your choice apply the marketing mix (7P’s) to the marketing planning process to achieve business objectives. • Definition of Marketing Mix The Chattered Institute of Marketing defines the marketing mix. “The combination of marketing inputs that affect customer motivation and behaviour these inputs traditionally encompass four controllable variables ‘the 4 Ps”: product‚ price‚ promotion‚ and place. The list has been extended to 7 Ps‚ the
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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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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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issues are to maintain their leadership in the industry and to increase New Zealand kiwifruit exports to $3 billion by 2025. In order to reach the objective‚ in existing market‚ Zespri should increase per capita consumption through more focused marketing. They also need to find emerging markets‚ research on new varieties and improve the 12 months supply program. 2. Porter’s five forces 2.1 Degree of rivalry The degree of rivalry is low. The four biggest kiwi fruit producing countries are China
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<www.fctgl.com/investor-and-media/governance/code-of-conduct> Michael Baker (2003). The marketing book. 3rd ed. Great Britian: Elseveir Science. 285 Pricing strategies‚ 2015‚ Business and industry portal May2015‚<www.business.qld.gov.au>. Mars-library‚ 2015‚ Marketing mix in marketing strategy: Product‚ Price‚ Place and Promotion‚ viewed 3 June 2015‚ < www.marsdd.com/mars-library/the-marketing-mix-in-marketing-strategy-product-price-place-and-promotion> Learnmarketing‚2015‚Pricing strategy experts
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From: Ahmed Hasan To: Craig Task: explain the role of promotion within the marketing mix for a selected product/service. Procedure: The Company that I will use for this marketing mix is innocent and their most popular product smooth orange juice and their smoothies. The product Basic product information: The product is basically a smooth orange juice made with natural orange and is organic‚ with benefits such as it ’s never sweetened‚ never concentrated‚ there are 11 juicy hand-picked
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INTRODUCTION ABOUT ICICI BANK ICICI Bank was originally promoted in 1994 by ICICI Limited‚ an Indian financial institution‚ and was its wholly-owned subsidiary. ICICI’s shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998‚ an equity offering in the form of ADRs listed on the NYSE in fiscal 2000‚ ICICI Bank’s acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001‚ and secondary market sales by ICICI to institutional
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political and legislative conditions of country. Government policy affects Mydin and water aid in so many different ways this include government spending‚ tax policy‚ labor law‚ environmental law‚ trade restrictions‚ tariffs‚ and political stability. For example‚ if the government spends more on schools‚ this will increase the income of businesses that supply schools with books‚ equipment etc. Government also provides subsidies for some business activity - e.g. an employment subsidy to take on the long-term
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specific to any industry but influence all the firms but the influence may be at different level. As a Marketing manager‚ on musty have knowledge of different factors which influences the marketing decision of a firm‚ And also since they are not controllable‚ one must adjust the decisions as per the changes in the environment. The Important factors comprising the Macro Environment of Marketing are Demographic‚ Economic‚ Socio-Cultural‚ Natural‚ Technological and Political-Legal. Influence of each
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evaluation project of Next plc. This has to be done from the point of view from a consultant or analyst. The assignment has been split up into two tasks‚ firstly to analyse and evaluate Next plc‚ then secondly suggest any ways in which their marketing performance can be improved for future success. My first step is to get an overview of Next plc as a company‚ how it started‚ the market sector it operates in and its past and present performance. 2. History of Next To analyse Next we need
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