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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Table of Contents I. INTRODUCTION 3 II. MARKET STRATEGY 4 A. Product 5 B. Price 5 C. Place 5 D. Process 5 E. People 6 F. Physical evidence 6 G. Promotion 6 III. ENVIRONMENT 7 A. Macroenviroment 7 B. Microenvironment 8 IV. CONSUMER BEHAVIOUR 9 V. MARKET TARGETING & POSITIONING 10 A. Segmentation 10 B. Target market 12 C. Market positioning 12 VI. CONCLUSION 13 VII. References 14 INTRODUCTION This report aims to
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Disappearing Desires by Jasmin Nguyen Tiny streams of dark silvery water slithered down the windows of the cathedral. Ethan used his sleeve to wipe away the rain and peered inside‚ his now damp jacket making his right arm shiver. A single chair stood in the centre of the empty hall and Ethan’s heart started to race. This was it‚ he had finally found it. As a child‚ Ethan’s mother had told him stories of places and things that had seemed almost impossible; the Fountain of Youth‚ the Mountain of
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Imaginative Conversation Why does ZZ Packer write her essay with mostly conversing through language? In the short story Drinking Coffee Elsewhere‚ ZZ Packer consistently uses the art of conversation. She uses this type of language throughout her short story while either a group of people are talking or just man to man conversations. First off this short story is about an African American woman named Dina and she just arrived at orientation at the University Yale. In class she quickly meets
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In this coffee shop industry there are many competitive big and small out there but the one route to take when starting a business is to plan ahead. Putting the four P components of the marketing mix product‚ price‚ place and promotion will help get your company it needs to be. Tim’s Coffee Shop is in a great area according to the customers that come‚ it is in a college community where this a lot of student that drink coffee to stay awake to study‚ young couples that like to go out on a date and
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1. Read following paragraph and explain the process this firm might go through to reach this specific marketing strategy - how and why this company reach to use this decision. Also explain results this firm may get from using this specific marketing strategy. In addition‚ recommend any modification of strategy based on SWOT analysis. Bakery chain Tous Les Jours introduces two varieties of "Kim Yu-na bread‚â named after the popular Korean figure skater. The flavors‚ chosen by Kim herself‚ are
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PROJECT REPORT ON NESTLE PROJECT REPORT ON NESTLE Acknowledgement: First of all I am thankful to Allah Almighty‚ who gave me and my group members knowledge and power to complete this project successfully. I would like to be thankful to our Course Teacher MR. TAFZIL HUSSAIN for his nice good method of teaching which makes us able today to know about the subject.
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UNIT 5: MARKETING TRAVEL AND TOURISM PRODUCTS AND SERVICES I – Introduction I have been offered a short period placement in the National Maritime Museum. As part of my team projects in the Marketing Department‚ I have to produce a brief report to describe the marketing mix of the organisation in order to examine different aspects of marketing. The National Maritime Museum located in the heart of Greenwich where is home to historically buildings and most important national collections
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The Product OBJECTIVES: * Definition of Product * Product Concept * What is Branding Packaging and Labeling What is Product? A product is anything offered for sale by a firm to buyers to satisfy their wants and needs. Products may take any of the following forms: * A physical object like a toy or a kilo of pork * A service like a Ferris wheel ride or a dental check-up * A place like London or Boracay * An organization like the Knights of Columbus or the Philippine
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the service marketing mix elements (7Ps) The traditional marketing mix was formulated by maintaining the goals of marketing. This marketing mix may also be adapted for services marketing. The service marketing mix is also known as an extended marketing mix and is an integral part of a service blueprint design. The service marketing mix consists of 7 P’s as compared to the 4 P’s of a product marketing mix. Simply said‚ the service marketing mix assumes the service as a product itself. However it adds
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