Tesco's Promotion Strategies and Marketing Mix: A Detailed Report

Verified

Added on  2022/12/30

|1
|357
|79
Report
AI Summary
This report examines Tesco's promotion strategies, focusing on how the company uses its marketing mix to attract customers and gain profit margins. The report highlights the importance of modern marketing strategies, such as social media and SEO, while acknowledging the continued use of traditional methods like television and newspapers. The report also discusses the role of diversification and competitive pricing strategies in Tesco's overall marketing approach. It concludes that effective promotion is crucial for Tesco's success and recommends that upper management continues to prioritize and support the marketing department's efforts. The report references academic sources that support the concepts of marketing and promotional strategies. The report also includes an introduction and conclusion which summarize the key points and findings.
tabler-icon-diamond-filled.svg

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Promotion of Tesco
INTRODUCTION
Promotion is one of key Ps of the
marketing mix strategy which upper management
of Tesco and marketing department have to
consider properly, because it is necessary to attract
many new customers towards brand in the global
retail industry. Tesco is very reputed retail brand
of the United Kingdom which currently serves in
nations. The poster discusses role of promotion
function.
PROMOTION
promotion is a very important function to Tesco right
now, and this is why with the support of this function currently
this retail company is gaining huge profit margins in the market
place. For promoting own products and services in the market
place, Tesco’s marketing department uses both types of
marketing strategies, modern and traditional. However, upper
management has ordered to marketing department for giving
higher priority to only modern strategies, because modern
marketing or promotional strategies are enough to attract many
customers in this modern world. Currently the company uses
different tools and techniques also for promoting its brand
internationally, like; television, radio, newspapers, poster,
banners, social media, SEO, affiliate etc. With the support of
these all tools and techniques, existing marketing department of
company is able to use its both types of marketing strategies,
modern and traditional. For properly promoting own brand, the
company uses many other strategies as well, like; diversification,
market penetration, competitive pricing strategies etc.CONCLUSION
It can be concluded that upper
management of Tesco have to order own
marketing manager for properly conducting
different activities of promotion in its workplace,
because promotion gives opportunity to a business
for gaining huge profit margins in the market
REFERENCES
Yachin, J. M., 2020. Alters & functions: exploring the ego-
networks of tourism micro-firms. Tourism Recreation Research.
pp.1-14.
Ortikmirzaevich, T. B., 2017. Principles and functions of
management of production capacity. Journal of process
management. New technologies. 5(4). pp.61-68.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
chevron_up_icon
1 out of 1
circle_padding
hide_on_mobile
zoom_out_icon
logo.png

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]