might have good products and a wide product range‚ or sold at attractive prices. The company’s at hand would still have to generate sales and profits the benefits would have to be communicated to the consumers through promotion. The promotional mix consists of a blend of personal selling‚ sales promotion and advertising‚ public relation tools. Promotion Element Advantages Disadvantages Sales Promotion -good for building awareness with the consumer -effective at reaching a wide audience market
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Bacardi Breezer and the Marketing mix Following the success of Bacardi rum‚ created in 1829 (Smith‚ 2002) the company decided to diversify in 1994 launching Bacardi Breezers. These are "refreshing blend of Barcardi rum‚ fruit juices‚ exotic flavourings and sparkling mineral water" (http://www.thedrinkshop.com/products/nlpdetail.php?prodid=410) Bacardi were the first to launch ready-to-drink alchopops and are currently the market leader in the segment. The Bacardi Breezers come in many different
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The 4Ps and the marketing mix The 4Ps are the ideas to consider when marketing a product. They form the basis of the marketing mix. Getting this mix right is critical in order to successfully market a product. The 4Ps are: 1. Product 2. Price 3. Promotion 4. Place If market research is carried out effectively‚ a company can plan a promotion for the right product‚ at the right price‚ and to get it to their chosen market‚ in the right place. Now look at the 4Ps in more
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Victor Kelleher’s Taronga and Roland Emmerich’s 2012 reveals to the reader and viewer what could happen if there was a nuclear holocaust or destruction of our environment. We get a clear illustration of man’s reaction in times of devastation. Though both are fictitious we are affected by the chilling possibility of it becoming a reality. The destruction that can result is clearly shown in Taronga where a nuclear holocaust destroys most of the population and circumstances have reduced the majority
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Research the Braaap organisation at: BRAAAP BRAAAP company has been established by Brad Smith. The business started when Smith imported elite motocross bikes from Asia‚ and then moved into bike design and manufacture. Noticing a gap in the market‚ he expanded the business in 2008 into a retail concept store‚ selling motocross bikes‚ accessories and street wear‚ with the unique addition of an indoor foam pit for the practicing of jumps and tricks on BMX In 2008 he thinks a retail outlet
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Marketing mix The largest sector in the UK is currently the food and drink industry‚ which provides employment for over two million people in the areas of production‚ manufacturing and retailing. Tesco is one of the largest food and grocery retailers in the world‚ operating around 4‚300 stores. Product Throughout the years Tesco has diversified its business portfolio in areas such as clothing‚ financial services‚ telecoms‚ car insurance‚ and Internet services. Furthermore‚ Tesco has a wide range
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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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TEST What is the purchasing mix? In:Marketing Advertising and Sales [Edit categories] [pic][pic]Answer: This is the term for all the factors which have to be considered by the Purchasing Department when ordering materials. • Suppliers.- a reliable which is available when requires is very important‚ or if there is an alternative available. • Delivery time- the time taken from placing an order and receiving the materials is called the "lead time". Some firms operate a JIT ( Just
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The Marketing Mix and 4 Ps The 4Ps are: • Product (or Service) • Place • Price • Promotion A good way to understand the 4 Ps is by the questions that you need to ask to define you marketing mix. Here are some questions that will help you understand and define each of the four elements: Product/Service • What does the customer want from the product/service? What needs does it satisfy? • What features does it have to meet these needs? • Are there any features you’ve missed out? • Are you
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Question 1 Explain fully the key elements of the marketing mix adopted by Ben Sherman in the fashion industry. We can define a marketing mix as a mixture of several ideas and plans to promote a particular product or brand. The key elements are often called the four P’s of marketing‚ which are namely Product‚ Price‚ Place and Promotion. These elements should be combined meticulously so that the product reached the desired market segment. Mr. Sherman
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