The report provides a detailed analysis of the marketing mix (4Ps) of selected companies in the personal care products and energy drink industries. It discusses various pricing strategies, promotional channels, product offerings, and distribution channels used by these companies to attract consumers worldwide.
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Individual report: The 4P's/marketing mix
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TABLE OF CONTENTS INTRODUCTION..........................................................................................................................3 MAIN BODY..................................................................................................................................3 Marketing Mix of Red bull........................................................................................................3 Marketing Mix of Dove.............................................................................................................5 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Marketing mix is important tool to aid understanding and creating the plan for offering products and services successfully.It is most normally executed through 4P's of marketing prices, product, promotion and place. The four p's are constrained through inside and outside factors in the overall business environment (Londhe, 2014). They communicate importantly with one another. This study is based on Sure and Dove. Sure is the energy drinks company and Dove is the personal care and cosmetic company. Reportwill explain four P's of marketing mix of selected companies. MAIN BODY Marketing Mix of Sure and Dove Marketing mix is about putting the correct products or collection in the place at the accurate time and at the right price. Marketing mix is predominately linked with 4 P's marketing that is product, place, price and promotion. In service marketing mix involve people, process and physical evidence. Dove is the personal care brand operated by Unilever developing in the UK. The products are sold in more than 80 nations and offered for women, men and kids. The marketing mix of Dove analysis brand or organization by involving products, price, place and promotion. Another company is sure which is also specialised in offering the fragrance for men and women. Effective marketing strategy help to increase profits and productivity of Sure and Dove within the cosmetic industry. This help to raise competitive edge and create high position within the industry. Effective marketing mix help to make top position and achieve the market share of firm in the cosmetic industry. Marketing MixSureDove ProductProductistheitemwhich built or produced to satisfy the needsofcertaingroupof people.Theproductcanbe tangible and intangible. It can be in the kind of products and services.Sureisthesmall Companyprovideshigh quality goods like skin care, deodorants,washing,bathing and hair care. The position of Dove soap as something better than soap that is not soap but it is called as beauty bar. The
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cosmeticcompanywhich offeringthefragranceor deodorants, roll on stick and can. For increasing the range ofproducts,companymake efforts to expand the business ascomparedtotheir competitors(Nuseirand Madanat, 2015). The cosmetic goodcanmeetwiththe requirementofconsumers demand. It can be determined the purchasing by consumers that particular cosmetic goods. In the products mix, company needs to ensure that needs and wantsof consumers, way to use by them, features of goods, appropriatename,sizeand colour and differentiate from competitor'sproduct.High rangeofproductshelpto increaseprofitsand productivity of Sure within the cosmetic industry. This help to increasemarketshareand achievethemarketing objectivesandthe organization. pointofdifferencebeing moisturization and softener as wellascleansingcream. Companyiswellknownof their hair care goods that are suggested by medicine. Dove isintroducednewproducts likedeodorants,hairgoods, babycareproducts (Musungwini and Zhou, 2014). The hair products has launched byadvancedhairseries internationallybyDove. Company has introduced Dove DermaSparangeinEurope that brings spa experience and hair care at the one place. The productwasintroducedto basicallytargetworking women not essentially models. The brand has also handled to accomplishstrongconnects withtheirconsumers. Companyhasattemptedinto baby care goods with ranging from moisturiser, baby lotion todiapercreamandwipes. Variety of products range help toincreasetheprofitsand market share of Dove within the cosmetic industry.
PricePrices is considered the most essentialfactorwhichis produced turnover and allow making profits of organization. Itisalsocrucialfactorfor manycustomersspeciallyin beauty industry. Sure is small cosmeticcompany,sothat they are offering the products attheaffordablepricesfor increase consumer expectation and their experience towards the company and its products. Also, company is utilised the premium pricing strategy for enhanceawarenessofbrand and target the consumer in the marketplace(Nuseirand Madanat, 2015). Due to high level of competition, company is modified the pricing strategy intermsoflowpricesfor attractingthelowermiddle classconsumers.Appropriate pricing strategies aid to attract the more customers and raise theprofitabilityand effectivenessofSure. Selecting the pricing strategy helptoincreaseprofitsand productivity of Sure within the Companyutilisecompetitive pricing. Due to low demand, Dovedecreasestheprices which were initially premium priced. The goods are valued slightlybiggerthan challengers,duetohigh qualityandunique characteristicsofmoisturiser and softener demand is large level. Therefore, price strategy is the marketing mix mainly is governed through competitive pricesduetoavailabilityof number of competitors (Paul, 2014).Doveischangedthe pricing strategy in relation to lowpricesforattractingthe upper middle class consumers. Effective pricing strategy help to attract the more consumers and increasing the profits as well as productivity of Dove.
cosmetic industry. PlacePlacereferstothechannels andpaththroughwhich products move from the source to the end users. Place can be intermediaries,distributors, wholesalerandretailer (MusungwiniandZhou, 2014). Sure sell the products andservicesatdifferent distribution channels such as supermarket,groceriesstores andonlinestoresfor enhancingtheconsumers attractions,brandawareness and image of company. Wider distributionchannelshelpto increase brand image in front of the consumers. Place comes with in depth understanding of target market. It is necessary to determine them internally and findoutthemostefficient positioninganddistribution channels which directly speak withthemarketofSure. Effectivedistributionof productshelptoincrease profitsandproductivityof Surewithinthecosmetic Dovesoldproductsinmore than 80 nations in the world. Companyutilisedistribution channelsforitsparent organization Unilever. Goods are transported from factory to warehousefromwhereC&F agentsellstostockistand suppliers of providers (Nuseir and Madanat, 2015). Company productsareavailablein supermarkets,generalstores, chemistsandwholesellers. Also,consumerscanbe purchased the products from e- commerce sites. The brand has begun Real Beauty campaign where the focus switched from youth to women of all ages, sizes and shapes.Company needs to follow online sites for attractingtheconsumers withinthemarketplace.This helptoincreaseprofitsand marketshareoffirmin cosmetic industry.
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industry. PromotionPromotioninvolvesallthe actionswhichincludes interactingwithconsumers about the goods, its benefits and characteristics. The refers thatpromotionisthepath companywillinform consumersabouttheir products, ways to attract the consumerforpurchasingthe goodsandothermodes products can be identifiable to them.Promotionisvery essential element of marketing asitcanpromotebrand identification and sales. It is composedofdifferent componentslikepublic relation, advertising and sales promotion.Therefore,Sure make efforts for marketing and promotingtheproductsand servicesbyutilisingtheTV ads, sales promotion as well as digital marketing which help toincreasebrandawareness andconsumerattraction towards company and its brand (Mohammad,2015).Inthis context, Sure needs to follow Companyhasuniqueand completely various marketing campaign. Dove's Real Beauty focusesonwomenself- confidence.Companyutilise people of all body, sizes, age andcolourintheir advertisements.Also, organizationpromotestheir productsorbrandsthrough video and short films and their adsfilmsarethemost downloadedbroadly.Dove's advertisementmakeover campaigninsocialmedia which is based on negative ads thatcanbereplacedby positive message designed by company (Londhe, 2014). All thesecampaignshavemade very positive and trust worthy brandimageofDove. Organizationsettheself- esteem fund that purposes to educategirlsandhelpthem overcomebeautyrelated issues,onlinebullyingand increase self esteem. It utilised evidencebasedprogrammes and online resources for kids,
socialmediaplatformsfor promotingtheproductsand serviceslikeFacebook, Instagram and other networks. Thesepromotionalchannels help to increase brand equity andprofitsaswellas productivity of Sure within the cosmeticindustry.Highly promotionofgoodshelpto increasetheprofitsand productivity of Sure within the cosmetic industry. parents and teachers. Effective promotion of products help to increase brand awareness and consumerloyaltytowards brand of firm. This can help to increasetheprofitsand productivity as well as market share of Dove in the cosmetic industry. CONCLUSION This report has summarised that determined the 4p's of marketing mix of selected companies which specialized in personal care products and energy drinks for attracting the consumers across the worldwide. It can be concluded that different pricing strategies like competitive and premium priced, various promotional channels such as social media, TV ads etc. for promoting of products and services of both companies. It can be discussed that various range of products which offers by selected organizations. Furthermore, report has completed that different distribution channels like general stores, supermarkets etc. for increase brand awareness in front of consumers in the marketplace.
REFERENCES Books and Journals Gordon,R.andGurrieri,L.,2014.Towardsareflexiveturn:socialmarketing assemblages.Journal of Social Marketing.4(3). pp.261-278. Kotler, P. and et.al., 2015.Marketing. Pearson Higher Education AU. Londhe, B. R., 2014. Marketing mix for next generation marketing.Procedia Economics and Finance.11. pp.335-340. Mohammad, H. I., 2015. 7PS marketing mix and retail bank customer satisfaction in northeast Nigeria.British journal of marketing studies.3(3). pp.71-88. Musungwini, S. and Zhou, T. G., 2014. An investigation of the role of product, place, promotion and price (4Ps) in market basket analysis: a case study of retail shops in Gweru Zimbabwe.International Journal of Science and Research.3(2). pp.132-135. Nuseir, M. T. and Madanat, H., 2015. 4Ps: A strategy to secure customers' loyalty via customer satisfaction.International Journal of Marketing Studies.7(4). p.78. Paul, T., 2014. Customer communication dimension of marketing mix-a review of gap between mutual fund investors’ expectation and experience.Scholars Journal of Economics, Business and Management.1(5). pp.197-202.
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