Marketing Mix

Marketing Mix
MKT 421
Lavern Francis
October 1, 2012
University of Phoenix

The marketing mix is the part of the marketing conception that makes it operate. It consists of the 4Ps or harvest, place, price, and promotion. The mix advise be altered to suit the posits of the company or the consumer. It freighter be thought of like do a soup, adding or taking away ingredients to suit ones needs. The offer a business makes to the consumer can be altered when it comes to the 4Ps. The crossroad can be enhanced, multiplied, or taken away permanently, the location can be one or turned into a mountain chain nation or worldwide, the price can either stick around low or go up, and depending on the product and the consider, more than emphasis can be placed on advertising. When making a business plan, the marketing mix is always the low step.
When a company has a product to dish out, it can be thought of as intangible, or like a service. Its a combination of goods and services that a company offers to consumers for a price. The goal of the company when it comes to price is to keep it low and ameliorate efficiency and benefits of the product.



In a lower income neighborhood, the price for a product may be low, however in a more affluent neighborhood; the price for that same product may be higher because these people are simulated to be able to pay higher prices. Pricing as well as determines whether the company will make or lose money, and where the product is sold or place is a huge federal agent in determining this. The demographic or place to sell a product depends on whether there is a demand for the product. For instance, in a metropolitan area, the demand for public loony toons (the product) may be higher than in a plain area. A transportation company may have to do a poll or a trial (promotion) to correspond if there is a demand for public transportation in these areas. Although there arent as many people in the rural areas, many may not have vehicles and need a way to visit the store or other(a) places in the nearest...If you want to get a full essay, effectuate it on our website: Ordercustompaper.com



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