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Published byVivian Merritt Modified over 9 years ago
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THE MARKETING MIX
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What is the Marketing Mix? The operational part of a marketing plan Set of controllable marketing tools Used to produced desired response in the target market
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Product Goods and services combination offered to the target market
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Price Be aware of the customers perceived value Amount the consumer must exchange to receive the offering
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Place Should be convenient and accessible for consumers Distribution Company activities that make the product available to target consumers
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Promotion All of the activities marketers undertake to inform consumers about their products and to encourage potential customers to buy these products. – Advertisement locations – Promotional tools – Slogans, jingles, catch phrases
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