Comparison of Marketing Mix between Amazon and Walmart
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This presentation provides a comparison of the marketing mix between Amazon and Walmart, analyzing their strategies in the 7 P's of marketing. Learn how these companies use place, price, product, promotion, people, process, and physical evidence to achieve their business goals.
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MARKETING ESSENTIALS
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TABLE OF CONTENT •Introduction •Comparison of marketing mix between Amazon and Walmart •Conclusion •References
INTRODUCTION •Marketing is an important channel and bottom line for all the companies to earn money and to attain the end goal of the company. •In this report a company called Amazon has been discussed. •Amazon is multinational technology company which operates in e-commercemarketanddealsinretailproducts,electronic product, books, clothing, accessories, and technology. •In this report comparison of marketing mix betweenWalmart and Amazon has been discussed.
COMPARISON BETWEEN 7P'S OF DIFFERENT ORGANISATION 7 p’sAmazonWalmart Place•Amazondon'thavesomanyphysical storesasthecompanyoperatesine- commerce market. •But now Amazon is targetingphysical market as well for that it has opened a physical book store in which students can order books online and can pick up the delivery from the physical store so that they can save the shipping charges. •Walmart has adopted different strategies as compared to Amazon. Walmart has the largest chain of online stores specially in US and othercountries,andnowthecompanyis entering into the e-commerce market. •For that Walmart did tie-up and merger with different e-commerce companies of different countries.
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CONT.. 7 P'sAmazonWalmart Price•Amazon uses cost leadership style in their pricing strategies, so the company can offer most of the products at lower pricesascomparedtoother competitors. •The another reason behind this pricing strategyisthatAmazongenerates revenue on seasonal basis. •In the establishing phase of Walmart, they have adapted lower pricing strategies to earnmarketsharebutnowwhenthe company has large customer baseso the company is using competitive pricing to beat the other players of the market.
CONT... 7 P'sAmazonWalmart Product•Amazondealsineachand every product of all categorise whetheritisclothing, accessories,electronicsetc. and offers them through their website. •Walmartalsooffersdifferent product such as beauty, jewellery, toys, food etc. •but it sales these products online andthroughphysicalstoresas well.
CONT.… 7 P'sAmazonWalmart Promotion•Amazon uses social media ande-mailmarketingfor thepromotionoftheir product.Theyalso emphasisonproviding advertisementon television,newspaperand magazine. •Themainreasonthe popularity of Walmart is the philosophy of everyday lower pricewhichgenerates customerbaseforthe company.
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CONT.… 7 P'sAmazonWalmart PeopleIn case of Amazon people are those persons who bring the products of Amazon in the hands of customer. So all the person and individuals who involve in the process of deliveringtheproductstoitsdestination known as people.. Walmart consider themselves a people focused brand and invest huge amount for the training and development of their employees. So all the employees who works in the physical store and insupplychainfallsunderthecategoryof people in Walmart.
CONT.. 7 P'sAmazonWalmart Process•Amazonhasstrongpresenceine- commerce market. •So the process they used is firstly they identify the client and their selected address after that amazon checks the payment option and confirm the order of customer after this entire process customer receives an e-mail about their goods and products. Walmartistryingtomakeshoppingeasyand convenientforthecustomerthereforetheyare investing in technology and distribution network for their e-commerce platform so the customer get the delivery of their product earlier.
CONCLUSION •After analysing the report it can be concluded that, this report provides comparison of marketing mix between two different companies, who deals in similar products. •How the company can take benefits from the marketing mix to achieve their business goal. •After analysing the market mix company can get to know at which place they are lagging behind from its competitors and how many efforts they have to put more to stay competitive in the market.
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REFERENCES •Kotler, P., 2021. Marketing 4.0 do tradicional ao digital. •Blut and et.al, 2018. Testing retail marketing-mix effects on patronage: A meta-analysis.Journal of Retailing.94(2). pp.113-135. •Othman and et.al, 2019. The influences of service marketing mix on customer loyalty towards Umrah travel agents: Evidence from Malaysia.Management Science Letters.9(6). pp.865-876. •Maita, C.C., 2018.An Exploratory Study on Consumer Perceptions of Amazon Echo, Alexa, and Smart Speakers(Doctoral dissertation, Appalachian State University).