Marketing Mix is one of the most important concepts for marketing. Marketing mix is also called the 4Ps, which are price, place, product, and promotion. They are the ingredients that combine to capture and promote a brand or product’s unique selling points that differentiate it from its competitors. Neil H. Borden, an advertising professor at Harvard University coined the term marketing mix. The ideas behind Borden’s model were refined over the years until Edmond Jerome McCarthy, a marketing professor and author Jerome McCarthy, a marketing professor and author reduced them to 4 elements called “The Four Ps.” This classification is currently being used by marketing companies, branding agencies, and web design companies around the world. …show more content…
Place (Distribution): Companies can either handle distribution through a single channel or a combination of strategies such as selling directly to consumers through a company field sales force, operating through independent intermediaries at the local level, or depending on an outside distribution system that provides regional or global coverage (Czinkota and Ronkainen, 1996). (p.113) All companies have to catch the eyes of the consumer because it will be easy to sell the product, if the customers feel attraction to the product they would buy it. So it will be a good distribution or “place” strategy.
According to Cheon et al. (2007) Promotion is “The general requirements of effective promotion strategies can apply the global communication as well (p. 114) here companies can include any type of advertising to promote the product and customer could know about it. Here they can also include consumer schemes, “direct marketing”. All the elements of marketing mix are very important and companies cannot work without any of them because if they do they would not be available to create some good strategies for the product and business could failing. But if they handled on the right way they would be success on business.
Target Consumer: “It is important because different consumers may have different
“No matter how high up you get, never forget where you came from.” is a quote relating to The Wife of His Youth by Charles W. Chesnutt. This quote shows that no matter how rich or famous one becomes they should never forget where they started in life with the people who were always there for them. The Wife of His Youth is set within the early 1890’s in Groveland, Ohio. During the time period in which the story is set, slavery was beginning to come to a halt, leaving many African-Americans to travel up North in search of a better and easier life. The story depicts the tragedies of slavery and the many hardships that African-Americans had to overcome; in the case of the story, those hardships were being separated from loved ones, arduous labor, and brutal treatment. It was also the end of the Civil War, which meant that many slaves were being freed and were given more rights, even though those rights were
The marketing mix is a combination of 4 P’s (product, price, place and promotion) that should be used in conjunction with each other to ensure a competitive edge over other companies. ‘The marketing mix is designed to produce mutually satisfying exchanges with a target market’.
In Exodus 4:25, the story is told of how Moses’s wife, Zipporah, circumcises their son Gershom before their trip to Egypt and after the near death encounter with God. After the circumcision, Zipporah “touches Moses’ feet with [the foreskin]” (Exodus 4:25). After a further study, we realize that in fact the word “feet” in this passage is a euphemism for the genital area for Moses. This act by Zipporah of touching Moses’ genital area with his son’s foreskin is extremely symbolic and is one of the reasons God decides not to kill Moses. In earlier readings we see that Moses’ was almost killed because he was not circumcised, nor was his son – the reason God wanted to kill him. The touching of the genital area with Gershom’s foreskin is symbolic
Marketing Mix is the set of tactical marketing tools that can be blended by an organization to establish strong positioning in the targeted market. An effective marketing program blends each marketing mix element into an integrated marketing program designed to achieve the company’s marketing objectives by delivering values to consumers. [1]
“The marketing mix is the set of tactical marketing tools that the firm blends to produce the response it wants in the target market. It consists of everything the firm can do to influence the demand for its products” (Kotler et al., 2013, p.53). Its main characteristics can be categorised into a 4Ps framework.
A marketing mix helps an organization simplify the process and help marketing managers make decisions. The marketing mix is composed of four elements: product, place, promotion, and price (also known as the four Ps). The purpose of the marketing mix is to
Marketing mix is when the right product is put in the right place, at the right time, and at the right price. When an organization or company creates a product that attracts individuals and put it on sale or offer it to individuals it should may be place at a price in which it matches the value of the product and is worth what the consumers or individuals get out of it. The 4 Ps of marketing and the marketing mix are sometimes used as synonyms for one another because they are close to being the same thing. The 4 Ps of marketing mix are product, place, price, and promotion. Each component of the marketing mix has some type of importance and are given an equal abundance of importance. In the marketing mix the customer is the
The term “marketing mix” became popularized after Neil H. Borden published his 1964 article, “The Concept of the Marketing Mix”. Borden began using the term in his teaching in the late 1940’s after James Culliton had described the marketing manager as a “mixer of ingredients”. The ingredients in Borden’s marketing mix included product The Marketing Mix planning, pricing, branding, distribution channels, personal selling, Source: http://www.quickmba.com/marketing/mix/ advertising, promotions, packaging, display, servicing, physical handling, and fact finding and analysis. E. Jerome McCarthy later grouped these ingrediThe 4 P’s of Marketing ents into the four categories that today are known
The Big Five personality test is currently the most accepted personality model within the scientific community. In the 1950s, it emerged from the work of multiple different researchers who all obtained similar results when studying personality through each of their own methods. My results, which are based on the personality traits highlighted within the Big Five personality test, are as follows: my extroversion results were moderately high. This results suggests that, at times, I tend to be overly talkative, outgoing, sociable. My orderliness results showed to be moderately high as well. This suggests that I tend to be an organized, neat, and structured person throughout my daily life. My emotional stability results were low. This suggests that I tend to worry too often. According to my results, I tend to be overly insecure, emotional and anxious. My accommodation results were moderately low. This suggests that, at times, I can be overly selfish, uncooperative and difficult to work with, especially in groups.
Marketing mix is a mix of options and variables that a marketer has to design his proposition. The four Ps, as they are known, of the marketing mix are Product, Price, Place and Promotion. Marketers mix these ingredients and variables in different proportions for their products in order to meet their requirements within their given constraints and boundaries.
The marketing mix is a business tool used in marketing and by marketers. The marketing mix is often crucial when determining a product or brand’s offer, and is often associated with the 4Ps (price, product, place and promotion) in service marketing. In the 1990s, the concept of 4Cs was introduced as a more customer-driven replacement of 4Ps. There are two theories based on 4Cs (consumer, cost,
This paper discusses the marketing mix. The writer explains the four p’s that make up the marketing mix in order to market a product or service. The writer also applies the marketing mix to a new model smartphone provided by Samsung. The marketing mix reveals what is most important in marketing the product in order for the marketer to make successful decisions for marketing the product. Once the marketing mix is applied, the marketer will understand what is best to get their product on the market. This paper discusses the importance of each marketing element to give a clear understanding for what is the correct way to gather smart
Marketers, in order to bring out desired responses from their target markets, use a number of tools that form a marketing mix. Marketing mix is defined as the set of marketing tools that an organization uses to follow its marketing objectives in the target market. McCarthy has classified these tools as the 4Ps of marketing which are product, price, place and promotion. (McGraw-Hill/Irwin, 2002) The 4Ps are the ideas to take into account while marketing a product. They constitute the root of the marketing mix. In order to efficiently market a product, it is therefore imperative to get an optimally correct mix of the 4Ps. In an ideal situation, if a company is able to plan a promotion for the right product, at the right
Marketing management is a process of planning and executing the conception, promotion, pricing and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational goals. Marketing management is a process which involves analysis, planning and implementation. It also involves the control of goods, services and ideas. The goal of marketing management is to provide satisfaction for parties involved. Marketing management’s task is to influence the timing, level and composition of demand in a way that will help the organization to achieve their objectives.
A company has to analyze which are the customers ' needs in order to design the best product or service that satisfies these needs. This is the task of marketing. If the business wants to know which are the strategies more suitable to put this product or service in the market, it uses the instruments of marketing mix (or controllable variables).