|Context: |The aim of this unit is to give you the opportunity to learn about the promotional mix, and the related topics of |…
The marketing elements center around four distinct functions, sometimes called the Four Ps: product, place, price, and promotion. These combinations of marketing elements are used in a selling a product. These functions are considered in planning a marketing strategy, and any one of these Ps enhanced, deducted, or changed in some degree in order to create the strategy, this are necessary to be efficiently and effectively to sell a product. The combination of the four controllable variables of Product, Price, Place, and Promotion those are essential to define and fulfill a target market.…
Analyse and evaluate how principles of restructuring and lean production enable an organization to compete within a marketplace on the basis of value. Give specific examples from the case and industry.…
Cuddles are Us strives to produce mutually beneficial and satisfying exchanges with our target market. We are committed to the strategic use of the eight P’s of marketing a service; Product, Place, Price, Promotion, People, Process, Productivity and Physical environment to achieve this goal. Our product is a unique possession processing service designed to benefit pet owners in our target market. We have defined our core service as 24/7 pet sitting for a specific, identifiable target market with multiple convenience options for the owner to drop off and pick up their beloved pet. Diverse services enhancements available from Cuddles are Us are specifically designed to ease the burden of pet care for our customers and create additional revenue streams. Our supplementary service list is adaptable and needs based for our clients. We endeavor to maintain close contact with clients in order to fin tune the services we currently offer and to facilitate the development of new product and service offerings. Supplemental Services available for a fee are as follows:…
In today’s world, there is so many new products, and ways to promote the sale of the product. Have you ever wondered, why would a company come up with that idea or why would they market it that way? There is always a reason for each decision made. A product that is kind of new to the market that even has me under its wing is the Nabi tablets for kids.…
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:…
According to Eddie Robinson, “The will to win, the desire to succeed, the urge to reach your full potential…these are the keys that will unlock the door to personal excellence.” In this competitive business world, it is imperative that business owners’ develop and create unique products in order to be differentiated from its competitors. Business owners can use a set of tools called the “Marketing Mix” to provide the unique quality that the item for consumption is a need. This tool is made up of a set of controllable factors that can be adjusted until the precise combination is established to satisfy the needs or wants of consumers in a particular target market while generating a profit. The Marketing Mix is made up of four factors. They are product, price, place and promotion. The product can be referred to as the physical product or service that satisfies what a consumer wants or need. Price refers to the amount that customers will pay for a particular good or service after taking into account factors such as profit, competitor’s response, business survival and probable pricing. The channel of distribution that serves as a means of getting the product or service in a convenient location to the target consumers is referred to as place. Promotion represents the methods of communication used to provide information of a particular good or service to its target market using various mediums.…
Ans- Just like the marketing mix of a product the service marketing mix comprises of Product, Price, Place and Promotion. How ever as a service is not tangible the marketing mix for a service has three additional elements: People, Process and Physical Evidence.…
Samsung Electronics (Mobile Division) operates in one of the most competitive markets of the world. According to the US Federal Communication Commission 67 new Smartphone devices are introduced every year. Samsung traditionally had a conservative image that focused on low-price products for the lower end of the market. With low prices it was able to compete in the lower-market whereas in the upper market it had lesser penetration. To penetrate the upper-market Samsung had to give up their lower-market position and focus on innovation and perceiving a higher brand value. The following is the STP Analysis of Samsung Mobiles:…
1199 Marketing Principles Marketing Plan for Fitflop Done By: Khoo Chien Ying (Gil) [3396979] Chew Yun Wei [3396548] Kong Peiling [3396996] Wong KeXian [3397400] Maryann Bey Yu Yuan [3399432] Foo Jia Min [3396756] Agenda: 1. Executive Summary-------------------------------------------------------------------Pg 3 2. Company Background----------------------------------------------------------------Pg 4-5 3. Company Mission---------------------------------------------------------------------Pg 6 4. Company Objectives------------------------------------------------------------------Pg 6 5. Market Overview----------------------------------------------------------------------Pg 7 6. Market Size-----------------------------------------------------------------------------Pg 8-9 7. Market Potential-----------------------------------------------------------------------Pg 9 8. Market Structure-----------------------------------------------------------------------Pg 9-10 9.…
Whilst there are a lot of minibikes and motorcycle developers and distributors in the country, what makes a Braaaap bike special and stand apart from their competitors is not online the pocket friendly price, but it is very simple to customize your Braaaap mini bike and affordable. That may well be one of the main reasons why the Braaaap brand and bikes grown in popularity and recognition in leaps and bounds. Not only are their minis and superlite bikes a splendid result of craftsmanship and machinery, but is well within most consumers’ yearly budget.…
Additionally, Braaap also offers the payment plan for those who cannot afford a bike with $3 a day for a bike.…
The pricing policy on Braaap suppliers are based on dealership and manufacture prices with and inclusion of Braaap overheads, this determines final price that is displayed throughout the website and store, these prices range over the number of products that are in stock with Braaap, from clothing, motocross equipment and motocross bikes themselves. With an inclusion of an interest free long-term layby this allows the consumers to have products on demand when they are able to make full purchase later on.…
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.…
How does the integration of all elements of the marketing mix help the company meet its corporate aims and objectives?…