The product needs to be where customer is likely to buy. So there are several different ways of categorising the mix. The market segmentation and market positioning that restaurants may choose. This is a combination of factors, which helps a business sell its product. So, the main objective of place in marketing mix is to make products available in the right place, at the right time.
It needs to affect every aspect of the customer experience. Distribution The objective of distribution is to make products available in the correct place at the correct time and in the correct amount of quantities. It is therefore the combination of goods The development of the product is designed and created which is suitable to the product. I have clearly referenced any sources used in the work. Economy pricing Economypricingiswhere a businessdecidesthatitisgoingto deliberatelysetthe price of their productlow because theyare lookingtogaina goodboostin theirsales. Marketing is the driving force of any organization. Mixing the Mix There is no one, single, perfect marketing mix.
All products follow a logical and it is vital for marketers to understand and plan for the various stages and their unique challenges. The packagingof the product issimple butthroughthe use of shading,gradientsandfontsitappearstostandout and lookslike a luxuryproductto the customers. The way the promotion appliestomytargetmarketisthat theyare able to see how othercustomers have enjoyedthe productandfromthistheywill be more persuadedtopurchase the products. Ideally, marketing should result in a customer who is ready to buy. The reason for this market group is because, people between the ages of 19 to 49 are more likely to use high technology product.
Being a fast food vendor, promotion becomes very important here. I wouldnotwantto say anythingthatcan offendtheminanywaysuch as talkingaboutreligion. Althoughthisusuallyonlyreachesasmall amountof the consumersit doeshave a highrate of effectiveness. Now they are launching about more than 1100 network towers to provide more coverage to its customers. From that I now know what products are more popular then others and what the customers expect from the tuck shop. The aim of marketing is to know and understand the customer so well that the product or service fits him and sells itself. Some mixes are, however, better than others.
This is the new and modern approach is adopted for the formation of a viable marketing plan. Words: 594 - Pages: 3. What is the value of the product to them? Ten years ago this would never have been the case. Understanding marketing mix and the four Ps Marketing. She has asked you to help her to draw up an outline marketing mix. On Cleverism, you reach more than 4m high-performance active and passive job seekers a year. Customers are at the centre of the marketing universe.
Step 2: Understanding the Consumer The second step is to understand the consumer. People, Process and Physical environment. Marketing mix Marketing mix is commonly known as the 4Ps: product, price, place and promotion. Incentives, such as premiums or price reductions, push your product out the door by encouraging your customers to purchase in volume, more, or more often than he would otherwise purchase. This may lead to decreased consumer interest. In addition, you are included in the company recommendation widget so you reach more passive job seekers.
This understanding will ensure that the product offering is relevant and targeted. It has the same base which is noted in the ingredients table and the five variations to appeal to what the target audience needs and wants. Repeat business is important in the world of marketing. I thoroughly enjoyed this article about the marketing mix and felt that it solidified my understanding of the 4P's and how they are applied to make a very effective strategy. Help Achieve Marketing Targets Through the use of this set of variables, the company can achieve its marketing targets such as sales, profits, and customer retention and satisfaction.
It also enables the business to measure the progress towards to its stated aims. Premium Essay Marketing mix of Walton Group of Bangladesh Executive Summary: This report was commissioned to analyze and evaluate performance and future prospects of Walton in a growing domestic electronic market. Despite thisinorderfor the razor to actuallyoperate itrequiresrazorblades whichmay be somethingsuchas£12. Especially with people who are in education and employment because they will need to use tablet for works purposes. Opportunities There are certainopportunitiesthat Ican take,there maybe a time where otherbrandssuchas Cadburysstart to decline,andthiswouldmake itmucheasierformyproductto compete withthese. In addition, the company has always strived to understand the varied needs of its vast consumer base and bring as many specific products to market as possible. .
Personal selling Thiscan require asalesteamandcan be expensive. It is important to know which type of product the business has when developing it and. The research reveals that in a continuously growing market, Walton has become a reliable name for customers. Before arriving here I barely knew about the 4Ps and now I'm interested in the 4Cs aswell. The price is the amountthat the customershave to pay inorderto receive the product. It costs to produce and design a product; it costs to distribute a product and costs to promote it.