Product and services
Products and Services - Developing a highly specialized product or service, or providing a product-service package containing unusually high-quality service.
Promotion - Promotion strategies include advertising and direct customer interaction.
Price - Higher prices mean lower volume however, a big business can often command higher prices because of their service.
Place - Small retailers should consider cost and traffic flow in site selection, especially since advertising a low-cost, low-traffic location means spending more on advertising to build traffic. The nature of the product or service is also important in siting decisions. Location is less a concern for products or services that customers are willing to go out of their way to find. The recent availability of highly segmented mailing lists, purchased from list brokers, magazines, or other companies, has enabled certain Caco-Cola businesses to operate from any location. Coca-Cola has set out to become the world's number one consumer marketing company by taking clear actions to differentiate their products. The direct customers of Coca-Cola are outlets such as service stations,...