logo

What is the Marketing Mix?

   

Added on  2023-04-23

5 Pages478 Words209 Views
 | 
 | 
 | 
Jo Ridley Newcastle College
The Marketing Mix is one way at looking at an organisation's marketing activities.
It is like a snap shot (foto istantanea) of what the company is doing at this time.
The Marketing Mix is made up of 4 parts, which are known as the 4 P’s.
When we looked at the definition of marketing these 4 P’s came up as 4 key
words. Can you remember what they were?
Although each of these factors are important individually, it is the way in which
they are mixed which is crucial to an organisation’s success.
For example a company might have some excellent products on offer but the
price might be too high or the promotion is all wrong and customers don’t know
about it.
A company needs to ensure that it has a strong marketing mix, this means that
the company will;
Provide a product that the customer wants
Make sure that the customer can buy the product
Charges a price that the customer will want to pay
Promotes it effectively so that the customer knows about it
1
Place
Price
Promotion
Product
What is the Marketing Mix?_1

ACTIVITY
The following words are all to do with the marketing mix. See if you can put the
in the right P.
Product Price Place Promotion
Quality
Design
Service
Brand Name
List Price
Surcharge
Discounts
Location Advertising
Press
Discounts
2
Brand Name List Price Location
Advertising Surcharge
Design Quality
Press
Discounts Services
What is the Marketing Mix?_2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Plan Event: Marketing Mix, STP, Human Resource Requirement, Financial Details
|14
|3413
|485

Event Planning: Marketing, HR, and Financial Details
|11
|3132
|23

Strategic Management for Wrigley Park: Promotional Mix and 4E Framework
|8
|2815
|230

Event Planning for Coca Cola's New Energy Drink Launch
|13
|2598
|404

Event Planning: Strategies, Requirements, and Financial Details
|11
|2926
|41

Marketing Strategy, Human Resource Requirement, and Financial Details for Prom Night Event at Metro Bar, University Campus
|12
|3204
|71