Measures of Central Tendency: Mean, Median and Mode
Marketingmixslides
1. Marketing Mix (4p’s)
Slide 1
Product Price
Place Promotion
The marketing mix principles are controllable variables
which have to be carefully managed and must meet the
needs of the defined target group. All elements of the mix are
Linked and must support each other.
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2. Marketing Mix (4p’s)
Slide 2 Product
Product Decisions
Branding Quality Features
Benefits offered
We must remember that Marketing is fundamentally about providing the correct bundle of
benefits to the end user, hence the saying ‘Marketing is not about providing products or
services it is essentially about providing changing benefits to the changing needs and
demands of the customer’ (P.Tailor 7/00)
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3. Marketing Mix (4p’s)
Slide 3 Pricing
Penetration
Skimming
Pricing Strategies Competition
Product Line
Pricing is the only mix which generates a turnover
for the organisation. The remaining 3p’s are the
variable cost for the organisation. It costs to
produce and design a product, it costs to distribute
Bundle
a product and costs to promote it. Price must
support these elements of the mix. Pricing is
difficult and must reflect supply and demand Psychological
relationship.
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4. Marketing Mix (4p’s)
Slide 4 Promotion
Advertising
Public
Relations
Sales
Promotional Mix Promotion
Personal
Selling
A successful product or service means nothing Direct
unless the benefit of such a service can be Mail
communicated clearly to the target market. An
organisations promotional mix can consist of:
Internet/
E-commerce
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5. Marketing Mix (4p’s)
Slide 5 Place
Direct Distribution Indirect Distribution
Manufacturer
Manufacturer
Retailer
Consumer
Consumer
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6. Marketing Mix (4p’s)
Slide 5 Place
Direct Distribution Indirect Distribution
Manufacturer
Manufacturer
Retailer
Consumer
Consumer
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