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7 ps of marketing mix
S.Mary sowndarya
BBA
DON BOSCO COLLEGE
Introduction
The term"markating mix" is a foundation model
for
businessess,historically centered around
product,price,
Place, and promotion.The marketing mix has
been
Defined as the "set of marketing tools that the
firm uses
4 ps of marketing mix
PRODUCT PRICE PLACE PROMOTION
3 ps of marketing mix
People Process
Physical
evidence.
1.Product
Product refers to what you are selling.
including all of the features,
advantages and benefits that you
customers can enjoy from buying
your goods or services.When
marketing your product,you need to
think about the key features and
benefits your customers want or
need,including(but not limited to)
styling,quality,repairs,and
accessories.
2.price
The price of a product directly influences
sales volume and, consequently, business
profits. Demand, cost, pricing trends among
competitors, and government regulations
are crucial factors that determine pricing.
Price usually reflects the product's perceived
value rather than its real value. This means
that pricing can be increased to promote
exclusivity or reduced to create access.
3. Promotion
Advertising, salesforce, direct marketing, public
relations, advertisingbudgets, etc. The primary
aim of promotion is to spread awareness about
the product and services offered by a
company. It helps in persuading consumers to
choose a particular product overothers in the
market.
4. Place
Place involves choosing the place where products are to
be made available for sale. The primary motive of
managing trade channels is to ensure that the product is
readily available to the customer at the right time and
place. It also involves decisions regarding the placing and
pricing of wholesale and retail outlets,
5. Physical Evidence
Proof of purchase Whilst it does include this
important aspect, physical evidence also
encompasses the overallexistence of your
brand. Think website, branding, social mediothe
logo on your building, your store’s decor, the
packaging of your products and the post-
purchase thank you email. All of these elements
offer your customer the physical evidence they
need to be certain that your business is viable,
reliable and legitimate
6. People
People, in the marketing mix,referstoanyone
directly or indirectly involved in the business
side of the enterprise. That means anyone
involved in selling a product or service,
designing it, marketing, managing teams,
representing customers, recruiting and
training.
7. Process
It involveshow your business runs, how the service is delivered,how the
product is packaged, how your customers movedown the sales
funnel, checkout, shipping, delivery, etc. Essentially the process
describes the series of actions or the fundamental elementsthat are
involved in delivering the product or service to the customer.
Conclusion
With the right set of guidelines, marketers are
able to strategise and develop campaigns tha:
work towards gaining and retaining highly
valuable customers. The 7Ps of the marketing
mix con act as a well-structured checklist for
marketers who aim to create an effective
strategy that achieves their goals and evolves
the business to the fullest extent.

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7ps of marketing mix.pdf

  • 1. 7 ps of marketing mix S.Mary sowndarya BBA DON BOSCO COLLEGE
  • 2. Introduction The term"markating mix" is a foundation model for businessess,historically centered around product,price, Place, and promotion.The marketing mix has been Defined as the "set of marketing tools that the firm uses
  • 3. 4 ps of marketing mix PRODUCT PRICE PLACE PROMOTION
  • 4. 3 ps of marketing mix People Process Physical evidence.
  • 5. 1.Product Product refers to what you are selling. including all of the features, advantages and benefits that you customers can enjoy from buying your goods or services.When marketing your product,you need to think about the key features and benefits your customers want or need,including(but not limited to) styling,quality,repairs,and accessories.
  • 6. 2.price The price of a product directly influences sales volume and, consequently, business profits. Demand, cost, pricing trends among competitors, and government regulations are crucial factors that determine pricing. Price usually reflects the product's perceived value rather than its real value. This means that pricing can be increased to promote exclusivity or reduced to create access.
  • 7. 3. Promotion Advertising, salesforce, direct marketing, public relations, advertisingbudgets, etc. The primary aim of promotion is to spread awareness about the product and services offered by a company. It helps in persuading consumers to choose a particular product overothers in the market.
  • 8. 4. Place Place involves choosing the place where products are to be made available for sale. The primary motive of managing trade channels is to ensure that the product is readily available to the customer at the right time and place. It also involves decisions regarding the placing and pricing of wholesale and retail outlets,
  • 9. 5. Physical Evidence Proof of purchase Whilst it does include this important aspect, physical evidence also encompasses the overallexistence of your brand. Think website, branding, social mediothe logo on your building, your store’s decor, the packaging of your products and the post- purchase thank you email. All of these elements offer your customer the physical evidence they need to be certain that your business is viable, reliable and legitimate
  • 10. 6. People People, in the marketing mix,referstoanyone directly or indirectly involved in the business side of the enterprise. That means anyone involved in selling a product or service, designing it, marketing, managing teams, representing customers, recruiting and training.
  • 11. 7. Process It involveshow your business runs, how the service is delivered,how the product is packaged, how your customers movedown the sales funnel, checkout, shipping, delivery, etc. Essentially the process describes the series of actions or the fundamental elementsthat are involved in delivering the product or service to the customer.
  • 12. Conclusion With the right set of guidelines, marketers are able to strategise and develop campaigns tha: work towards gaining and retaining highly valuable customers. The 7Ps of the marketing mix con act as a well-structured checklist for marketers who aim to create an effective strategy that achieves their goals and evolves the business to the fullest extent.