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Marketing Mix – Starting a Business

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Presentation on theme: "Marketing Mix – Starting a Business"— Presentation transcript:

1 Marketing Mix – Starting a Business
GCSE Business Studies Unit 1 Starting a Business Marketing Mix – Starting a Business

2 Images © thinkstockphotos.co.uk
Learning Outcomes Explain the term Marketing Mix Images © thinkstockphotos.co.uk

3 Images © thinkstockphotos.co.uk
What is Marketing? Images © thinkstockphotos.co.uk

4 The Marketing Mix – The Four Ps
Product The product/service that is sold to a customer to meet their needs/requirements Price How much the customer pays for the product Promotion How the customer is identified and persuaded to buy the product Place How the product is distributed to the customer Images © thinkstockphotos.co.uk

5 The Marketing Mix In order to achieve success all businesses must get the marketing mix right. This involves having the right product at the right price in the right place using the right promotional methods. These are known as the 4 P’s. Images © thinkstockphotos.co.uk

6 Exam Question and Check List
Past paper 2016 Unit 1 - Q4 (f) – spend approx. 10 minutes completing this question. Learning Check – Do you know . . . 1. About marketing and the 4Ps which make up the marketing mix? Images © thinkstockphotos.co.uk


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