About marketing mix, either promotions, price, place, product
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Added on 2023/01/12
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The subject will be about Nike shoes,
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Marketing Mix- Nike Marketing mix refers to collection of all the actions and strategies that are use by the firm in order to promote the product and brand in a market. There are four main type of marketing mix element such that Price, place, promotion, product. For this, the chosen P is Promotion for Nike shoes. Promotion:Nike is mostly depend upon the effective promotion of the products in order to maintain the brand image ofthe company at international level. Thus, company is mainly deal with shoes and for that it use advertising that helps to attract range of new customerstowardsit.Further,italsousedirect marketing which involves direct communication with the sports team and other organization. Apart from this, the quoted firm is also offer the range of discount and special offers in order to attract range of customers and also generate sales. Along with this, ituses modern form of promotion method i.e. social mediathat means it post all the new offers in its site so thatrangeofcustomersattractandpurchasea product. Moreover, the company also maintain the public relation means the company sponsor and provides a financial support to other organizationi.e.communitybased networks, promote the athletic shoes. Thus, it also catch the eye of range of customers towards it. In addition to this, Nike also make their efforts in stores where it provide training to their staff so that they easily promote their products tothe customers and also contributes to the profitability. References Blut, M., Teller, C. and Floh, A., 2018. Testing retailmarketing-mix effects on patronage:A meta-analysis.Journal of Retailing.94(2). pp.113-135. Jindal, P. and et.al., 2020. Marketing-Mix Response Across Retail Formats: The Role of Shopping Trip Types.Journal of Marketing.84(2). pp.114-132.