Table Of Content Introduction Overview on Tesco Marketing Mix for Tesco Conclusion References
Introduction Marketing Mix refer to manufacturing right product, at right place and price with right promotional strategy. It consider multiple area such as product, price, place and promotion which is an essential part of comprehensive business plan.
Overview on Tesco Tesco is a market leader of multinational grocery store that sell wide variety of goods under one roof due to which it earnhugerevenueasitprovideconveniencetothe customerbyallocatingwiderangeofproductsat reasonable range.
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Marketing Mix for Tesco Product Price Place Promotion People
Product Tesco provide wide range of goods which are available in various stores to fulfil the need and demand of customers. It include wide range of products such as food item, bakery product, technology etc.
Price Tescohasadoptedcost leadershippricing strategywhichoffer qualityproducttothe customer at lowest prices.
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Place Tesco operate around eleven countriesandhasmore thansixthousandstore operatinginvarious countries.
Promotion Tescoprovideproductat reasonablepricesandis constantly making efforts to maintainitsbrandimage. Theyhaveextensively promotingitsproduct throughtraditionalor digital media.
People There are more than four lac employeeemployedin variouscountries.They conduct the recruitment or selectionprocesscarefully as it is a reputed brand that willdefinitelylookfor talented workforce.
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Conclusion From the above report it has been determined that marketing mix plays a significant role while building up effective strategy for the company. When a business bring new product or diversify the same product in new market as wellastheymakerevisinginexistingproductsuch strategy is considered.
References Kotler, P. and Armstrong, G., 2015.Principles of Marketing- Global Edition. Pearson. Menegaki,A.N.,2012.Asocialmarketingmixfor renewable energy in Europe based on consumer stated preference surveys.Renewable Energy. 39(1). pp.30-39.