Abstract In this paper I will define what a good marketing mix requires and describe how a company uses this process to market their product. I have chosen Anytime Fitness as my company to do my paper on. Anytime Fitness is a unique style of fitness club that is in a very competitive market place. Their marketing mix focuses on all of the four P’s to attract customers. They locate small neighborhood clubs close to where people live and work. They are a no frills workout center that offers weights
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Marketing Mix A Marketing Mix is the combination of product offering used to reach market for the organization. The marketing mix comprises the product (what the actual offering comprises)‚ Price (the value exchanged for the offering)‚ promotion (the means of communicating that offering to the target audience‚ promotional mix) and distribution (also known as place‚ the means of having the offering available to the target audience). The Marketing mix is also known as the four Ps and which are as
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4. Marketing Mix There are four elements of marketing mix: product‚ price‚ promotion and place. All of the four elements are indispensable in every stage of purchasing process. They can affect customer‚ cost‚ communication and other factors during the launching period. (Banting & Ross‚ 2010) (Don E. Schullz‚ 1993) 4.1 Product Marketing Happy Food Time is a new magazine‚ which has the mix contents of recipes‚ meal ideas‚ food and extensive restaurant reviews and general food related articles. This
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Marketing Mix What is the Marketing Mix? Professor E Jerome McCarthy first used the term Marketing Mix in the 1960’s. He suggested that it contained 4 elements‚ which are now commonly referred to as the 4 P’s‚ which are used to describe the position of a product in a marketplace. They are the variables that marketing managers can control in order to best satisfy a customer in a target market. The 4 P’s are: 1. Product The product is the physical product or service that it is offered to the
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The Marketing Mix (4p’s) The marketing mix consists of Product‚ Price‚ Place and Promotion strategies that a firm uses to help them reach their objectives. The marketing mix principles are controllable variables which have to be carefully managed and must meet the needs of the defined target group. All elements of the mix are linked and must support each other. PRODUCT STRATEGIES When an organization introduces a product into a market they must ask themselves
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The marketing mix is often considered as the center of a marketing strategy. It is defined by Kotler and Armstrong (2010:84) as ‘the set of controllable‚ tactical marketing tools that the firm blends to produce the response it wants in the target market.’ These tools are; Product‚ Price‚ Place and Promotion‚ which are commonly known as the ‘4 Ps.’ A combination of these four components offers the ability to create a successful marketing mix that will produce the desired results. This essay will first
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The marketing mix is a business tool used in marketing and by marketeers . The marketing mix is often crucial when determining a product or brand ’s offer‚ and is often associated with the four P ’s: price‚ product‚ promotion‚ and place.[1] In service marketing‚ however‚ the four Ps are expanded to the seven P ’s [2] or eight P ’s to address the different nature of services. In the 1990 ’s‚ the concept of four C ’s was introduced as a more customer-driven replacement of four P ’s.[3] There are two
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ANALYSIS OF MARKETING STRATEGY (MARKETING MIX AND PROMOTIONAL MIX) OF COCA COLA INTRODUCTION Coca-Cola is one of the most widely used soft drinks in the world. There is a great variety of brands offered by Coca-cola like diet Coke‚ Sprite‚ RC Cola‚ Minute Maid etc. You can find the Coca-cola soft drinks in any places. In 1919 Coca-Cola decided it was time to go global. The Coca-Cola Company decided to take its operations beyond national boundaries and marketing research was started
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BSBMKG502B Yvonne Fregon Assignment 1 Marco Le Mura Student Number: 5101447209 Table of Contents PART A : Identify the key characteristics of their products and services. What is their significance to the market. The key characteristics of Braaap is to meet to the motor enthuses with products based on motocross equipment‚ riding wear and casual wear with the consistent updates on news from around the world with new designs and motocross equipment
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Marketing strategies‚ Strategic development‚ Internet marketing ... www.davefrankcreative.com/cs_mktg_strategy.html The scope of a product generally includes supporting elements such as ... to how the environment in which the product is sold in can affect sales. ... A marketing strategy often integrates an organization’s marketing goals‚ ... Each one group is expected to take that strategy goal and develop a set of tactics to achieve that goal. Marketing Mix Affects The Development Of The Organization
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