The Four P’s of Marketing The four P’s of marketing are product‚ price‚ place and promotion. Product is a good or a service that is intended for the consumers based upon their wants or needs. Price is the set price on the product. The price will depend on the targeted consumer‚ the economy‚ and the location. Place is merely the location in which the company decides to distribute the product. Promotion is the way the company decides to advertise their product to the public. (Griffin‚ & Ebert
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Lecture 5: PRICE AND PLACE Price: - Define the pricing concept and explain different pricing methods ( cost oriented‚ competitor oriented and market oriented pricing) -Explain pricing strategies for new products( market penetration and market skimming) AND existing products. ( Understand condition and when we can use it) -Consider ethical issue in pricing ( don’t think it will be on the exam) PLACE: Define place(distripution) concept and explain the role of intermediaries in distribution
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eHarmony.com is a subscription-based‚ relationship-building service that provides a unique solution for serious single men and women seeking fulfilling‚ long-term relationships. It is the only service‚ on- or offline‚ that utilizes empirical research‚ clinical study and a patent-pending predictive technology to effectively match singles. (www.netplusmarketing.com) The company ’s focus is matching people together who eventually want to be married or at least have a long-term‚ committed relationship
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Appropriate Place & Promotion Strategy Developing a strategic marketing plan should include the appropriate place and promotional strategy to ensure that what goes on behind the scenes positively impacts the view the consumer has on the product for long-term sustainability. A keen awareness of the marketplace and customer need is essential to ensuring the appropriate amount of advertising is conducted to distribute product. Having a sound marketing strategy in place ensures that marketing objectives
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Phase III Individual Project Product‚ Price‚ Promotion & Placement Jerry W. Lane Colorado Technical University Online MKT305-0702B-01: Marketing and the Virtual Marketplace Instructor: Edward Haberek Jr. MBA‚ PHD (Candidate) June 18‚ 2007 Product‚ Price‚ Promotion & Placement Now that we have analyzed our marketing research and we have identified our potential target markets as being in the young adult to middle age adults and from the lower middle class and upward income bracket
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policies depending on the market structure iPad is a brand new category of product for the market; which is in between MacBook and iPhone. It provides entertainment such watching movie‚ photos and playing game‚ reading e-book‚ web browsing and simple task of computing. The target customer for iPad is anyone. It is a perfect replacement of Netbook‚ which is a cheap and low end notebook for web surfing‚ watching media and carrying simple computing as well. For iPad‚ it means high end technology and good
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The Dell Promotion and Price Paper Michael Kunkel University Of Phoenix MKT 421 Robert Walker 01/09/06 The Dell Promotion and Price Paper Promotion is the most important component in the 4 P’s‚ so understanding how to promote a product is crucial to any company. No company knows this better than The Dell Corporation. Dell uses many different promotional methods to get their computer products seen by their targeted consumer markets. In today’s paper I am going to start off by discussing some
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Alicia Ryan Mr. Zollman English 11 Honors 2 May 2013 The iPad: Shaping the Society Today Because of the iPad’s convenience and ease-of-use‚ it is endowing all ages to enjoy it and also equalizing the intellectuality of society today. Society is becoming reformed in the ways of technological advances. Nowadays about 8 to 12 percent of people own a tablet or iPad. The iPad is in high demand because‚ according to Apple.com‚ it contains‚ “…the breakthrough in retina display…twice the speed‚ twice
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The Apple iPad is a tablet device designed by Apple‚ Inc.‚ which runs the operating system iOS which found in other Apple devices‚ such as the iPod touch and the iPhone. The first iPad was released on April 3rd 2010. The most recent iPad‚ named the iPad Air‚ was revealed on October 22nd‚ 2013 and went on sale November 1st‚ 2013. The operating system is made around the iPad’s multi-touch screen‚ including an in-screen virtual keyboard. The iPad has built-in Wi-Fi adapters for internet connectivity
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you look‚ there’s an iPad. Apple’s on a roll and is moving really quickly to not only expand its dominance but also to blanket every retail and reseller channel to get its devices into people’s hands. Apple’s pushing the iPad into every channel that it can because there’s a major shift starting now in computing‚ from the laptop form factor to tablets‚ which leverage smartphone operating systems‚. Apple started out using exclusive distribution when starting to sell the iPad in April of 2010 only
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