Which Best Describes the Place Element of the Marketing Mix

Marketing mix includes price place promotion and product. The canvas shoes that are sold by this company best describe which element of the marketing mix.

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Refers to the value that is put for a product.

. Which of following best describes the term promotional mix. Tide laundry detergent is the market leader but overall industry growth is low in this market. Product price place and promotion.

The 7 Ps of Marketing Mix. A company implements its strategy through its marketing mix. By developing unique combinations of the marketing mix elements marketing managers set their product or brand apart from the competition.

Buyers purchase goods and services to satisfy their needs and. The AIDA model is a principle widely used in marketing and advertising. The four Ps of marketingproduct price place promotionare often referred to as the marketing mix.

D production price distribution and people. These variable elements are based upon the analysis of the four Ps of marketing. This element of marketing mix basically concerns with physical distribution and channel of distribution.

The promotion element refers to finding the best ways to market a product to capture the consumers attention. The role of place in the marketing mix is its importance as a means of deciding the best channels for effectively getting the goods to the customer. The second element is pricing strategy which delivers customer value.

As weve mentioned place is the element of the marketing mix that ensures that the product is distributed and made conveniently available for the consumer - at the right location at the right time. 354 The elements of the marketing mix. Place mix is related to distribution of product.

The activities that an organization used to reach its target market such as advertising personal selling and public relations are all part of the marketing mix element known as. The Bottom Line. We review their content and use your feedback to keep the quality high.

The product or service serves the basic need of the customer. What are the 4Ps of marketing. The role product strategy plays in delivering value to customers is designing the best product that meet and understand the target market.

The third element is promotion. Product price place and promotion. Seven elements used in marketing mix for service are as follows.

Product decision involves deciding what goods or services should be offered to customers. B everything considered during tactical planning. C product price place and promotion.

The four Ps are the components of the _____. Who are the experts. Toms Shoes sells canvas shoes to college and high school students for around 40 per pair.

And exchanging offerings that have value. Objectives should be specific measurable _____ relevant and. E people product price and placement.

Donate your notes with us. The elements of an organisations marketing plan that are designed to meet the needs of its customers. However nowadays the marketing mix increasingly includes several other Ps like Packaging Positioning People and even Politics as vital mix elements.

AskedMay 24 2016in Businessby Caitlyn. 7 Ps of marketing mix is an extended modified version of the 4 Ps of marketing. In the marketing mix the process of moving products from the producer to the intended user is called place.

A all aspects of the marketing environment. The place element refers to the the activities a firm undertakes to make its product available to potential customers. 354 The elements of the marketing mix.

The amount charged by the business for providing a product to the consumer. Your prices must be fair and relative to the benefits of your product. The definition of marketing mix can best be described as the combination of elements used to promote products or services.

Experts are tested by Chegg as specialists in their subject area. The 4Ps make up a typical marketing mix - Price Product Promotion and Place. 7 Elements used in Marketing Mix for Services.

It depends on costs of production segment. This model is widely used in the service industry. The AMA definition of marketing highlights marketings central role in creating or developing communicating delivering.

This movement could be through a combination of intermediaries such as distributors wholesalers and retailers. In other words it is how your product is bought and where it is bought. These are the key elements involved in marketing a good or service and.

This benefits the customer because the product created is not overpriced. Which of the following best describes the components of the marketing mix. Which of the following best describes the components of the marketing mix.

The marketing concept dictates that marketing decisions should be based upon customer needs and wants. Specific marketing tactics are then formed from the intersection of these four factors. If you use the term place for the activities of distribution the four elements of the marketing mix can be referred to as the four Ps a mnemonic that has proved useful to generations of marketing students.

100 2 ratings ANS- b Distribution Strategy- Marketing Mix consists of the 4Ps namely product price place promotion and distribu. It describes the stages an individual goes through during the buying process to become a customer. 1 Product 2 Price 3 Place 4 Promotion 5 People 6 Physical evidence 7 Process.

PLACE AN INTRODUCTION. The market planning process should be completed before the strategic planning process begins. This is the last element of marketing mix but very important as marketing goals can be achieved only if the products reach the hand of consumers conveniently.

These four marketing factors have established economic principles or conditions that have to be met in order to achieve maximum sales. Note that there is an important way in which pricing differs from the other three ele-ments of the marketing mix. A companys marketing mix must satisfy customer needs better than the competition.

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