A)Marketing Mix variables (The 4 P ’s of Marketing) The major marketing management decisions can be classified in one of the following four categories: * Product * Price * Place (distribution) * Promotion These variables are known as the marketing mix or the 4 P ’s of marketing. They are the variables that marketing managers can control in order to best satisfy customers in the target market. The marketing mix is portrayed in the following diagram: The Marketing Mix Product
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The business was then continuing to expand after Howard Schultz joined the business by trading in the bulk coffee sales into retail coffee sales. Nowadays‚ there are more than 2‚100 Starbucks locations in US and also around the world. For example‚ the first Malaysia Starbucks store was opened in KL plaza in 1998 throughout a joint venture with BERJAYA GROUP. Thus‚ Starbucks not only the country’s largest coffee importer and roaster for specialty beans but also larger specialty coffee bean retailer
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Introduction Neiman Marcus‚ is an American luxury specialty department store that involves a high standard of quality‚ style and customer service. Neiman Marcus offers a huge assortment of Women’s Apparel‚ Men’s Apparel‚ Shoes‚ Handbags‚ Jewelry‚ Accessories‚ Beauty‚ Kids Apparel and Home Furnishing from the very best designers. Neiman Marcus is multi-channel retailer‚ they sell to the public via more than one distribution channel - through mail order catalogues‚ bricks and mortar stores‚
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Marketing mix: Definition – The marketing mix consists of the 4 main aspects of marketing‚ these include: • Price – Value‚ low price • Place – Stores = Superstores‚ online‚ retail • Promotion – advertising‚ offers • Product – Limited range of essential products • Processes – Customer service‚ revenue protection • People – design‚ accounts • Physical – bags‚ logo on trolleys APPLE: |Aspect |What it consists of
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Case study Title: Starbucks Executive summary: Starbucks has successfully established itself as the premium coffee leader in China with great brand recognition and high customer satisfaction. Its inspirational‚ progressive‚ professional and intellectual image has been widely accepted by a variety of the Chinese l customers including. External environment impacts the enterprise ’s business to a large extent. While a company cannot change the external environment‚ internal business strategy can
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What are some of the decision factors that Starbucks assess? Starbucks ’ strategy for expanding its retail business is to increase its market share in existing markets and to open stores in new markets where the opportunity exists to become the leading specialty coffee retailer. In support of this strategy‚ the Company opened 647 new stores during the fiscal year end in September of 2001. At fiscal year end‚ Starbucks had 2‚971 Company-operated stores in 38 states‚ the District of Columbia and
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Marketing Mix Assignment 9/25/2013 MBA500 Coca Cola has a wide range of products which follow a specific strategy based on delivery channel and product. Their offerings span a wide range of beverages including: Dasani water‚ Minute Maid juices‚ Powerade sport drinks‚ Vitamin Water‚ and the classic Coke and Sprite soft drinks just to name a few. According to the Coca Cola website there are 3500+ products available worldwide.1 For purpose of this exercise I will focus on the Classic soft drinks
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RETAIL COMMUNICATION A communication program can be designed to achieve a variety of objectives for the retailer‚ such as building a brand image of the retailer in the customer’s mind‚ increasing sales and store traffic‚ providing information about the retailer’s location and offering‚ and announcing special activities. Retailers communicate with customers through advertising‚ sales promotions‚ store atmosphere‚ Web sites‚ salespeople‚ e-mail‚ direct mail‚ m-commerce‚ community building‚ publicity
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Marketing mix Paper MKT 421: Marketing While there has been articles written suggesting that the idea of the marketing mix is in need of updating‚ it still stands as the heart and soul of most marketing plans. "Often called the 4Ps‚ representing Product‚ Price‚ Place and Promotion‚ the marketing mix represents the decisions and tactics that need to be implemented to ensure products or services are successful. Deliberation is given to each element‚ with managers creating products and services
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Market Mix Paper The purpose of this paper is to describe the elements of the marketing mix which is product‚ place‚ price and promotion. In addition‚ selecting the organization whom I work for which is DirecTv and describe how each one of the four elements of the marketing mix impacts the development of DirecTv’s marketing strategy and tactics. This paper will also be describing how each element is implemented. The concept or term of “marketing mix” became popular after Neil H. Borden published
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