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Marketing mix<br/>Marketing mix, often referred to as the 7Ps, is a fundamental concept in marketing that represents a set of tools and tactics used by businesses to promote and sell their products or services. The 7Ps stand for Product, Price, Place, Promotion, People, Process and Physical Evidence.<br/>Here's an overview of each component:<br/>Product:<br/>This refers to the physical product or service that a company offers to meet the needs and wants of its customers. It involves product design, quality, features, branding, and packaging. Understanding the product life cycle is also crucial in this context.<br/>Example:<br/>The iPhone is a line of smartphones designed and marketed by Apple Inc. It is known for its sleek design, advanced features, and integration with the Apple ecosystem. The product includes hardware specifications, software (iOS), and additional features such as the App Store and iCloud.<br/>Price:<br/>Price represents the amount of money customers are willing to pay for a product or service. Pricing strategies can vary, including penetration pricing, skimming pricing, discount pricing, and value-based pricing. Pricing decisions often consider factors such as production costs, competitor pricing, and perceived value.<br/>Example:<br/>Apple adopts a premium pricing strategy for the iPhone. Despite the higher cost compared to some competitors, the brand's reputation for quality and innovation justifies the price point. Apple often introduces new models at different price levels to cater to various customer segments.<br/>Place (Distribution):<br/>Place refers to the channels and methods used to make the product or service available to the target customers. Distribution channels can include direct sales, retail, e-commerce, wholesalers, and more. Effective distribution ensures that the product is available at the right place and time.<br/>Example:<br/>iPhones are available through various distribution channels, including Apple's own retail stores, authorized resellers, and telecommunications carriers. Apple's direct-to-consumer approach through its online and physical stores emphasizes the importance of customer experience in the purchase process.<br/>Promotion:<br/>Promotion involves the marketing and communication strategies used to create awareness and persuade customers to purchase a product or service. This includes advertising, public relations, sales promotions, personal selling, and digital marketing. The goal is to create a strong brand image and communicate the value of the product to the target audience.<br/>Example:<br/>Apple employs a mix of advertising, public relations, and digital marketing to promote the iPhone. High-quality and visually appealing advertisements showcase the product's features and highlight its unique selling points. Apple also relies on a strong brand image, product launches, and events to generate buzz and anticipation.
Marketing mix
⏲ 6:26 👁 350K
DudeThatLogo
Quality Video Inc.
⏲ 38 seconds 👁 5.7K
يوميات رانيا المعسكريه
Family Guy 2024 Season 19 Episode 6 | Family Guy NEW 2024 Full Episodes NoCuts #1080p
⏲ 2 hours 34 minutes 👁 58.5K
An influencer trains to become a lucid dreamer to battle against an evil force in her nightmare.<br/><br/>\
Vice Grip (2024) | Short Horror Film
⏲ 17:8 👁 315K
Gorillaz
Gorillaz - Feel Good Inc. (Official Video)
⏲ 4 minutes 14 seconds 👁 423.3M
Ariana Grande
Ariana Grande - the boy is mine (Official Music Video)
⏲ 6 minutes 17 seconds 👁 3.9M
It's the Bad Boys Friendship Quiz! In this episode, we're putting Will Smith and Martin Lawrence's friendship to the test. The 'Bad Boys: Ride or Die' actors and long time friends ask each other all sorts of questions (and hopefully know the answers). When did they first meet? What is Will's go-to dance move? Can they sing the theme songs for 'Martin' and 'The Fresh Prince of Bel-Air?'BAD BOYS: RIDE OR DIE is exclusively in movie theaters June 7, 2024. https://www.badboys.movie/Director: Kristen DeVoreEditor: Phil CeconiTalent: Martin Lawrence; Will SmithProducer: Sam DennisSenior Producer: Elizabeth HalberstadtLine Producer: Jen SantosProduction Manager: James PipitoneProduction Coordinator: Elizabeth HymesTalent Booker: Meredith JudkinsProduction Assistant: Brock SpitaelsPost Production Supervisor: Rachael KnightPost Production Coordinator: Ian BryantSupervising Editor: Rob LombardiAssistant Editor: Billy WardSpecial Thanks: Junket Productions Inc: Evelyn Ortiz; Chloe Zarco; Ian Serfontein; Jeremy Hession; Ryan Rich; Pete Kelley; Vincent Donadeo; Matt Donchess; Pascal Orrego; Connor Smith; Janette Batres
Will Smith & Martin Lawrence Take a Friendship Quiz
⏲ 10:42 👁 270K
Christina Randall
The Horrifying Last Text \"Im Still Alive\" The Case of Kim Wall & the Psychopath Peter Madsen
⏲ 29 minutes 19 seconds 👁 82.2K
Robert Coates Returns Again
Video Treasures Volume 19 (Full 1986 Milliken Publishing Company VHS)
⏲ 24 minutes 12 seconds 👁 508
This conversation from Davos with Indigo Ag Inc CEO Ron Hovsepian touches on Indigo’s mission to help farmers address climate change and how AI could play a role. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
This CEO Is Using AI To Help Farmers Be More Sustainable
⏲ 5:17 👁 275K
Richard Rossy
I-INC 19\" Video LCD Monitor Black
⏲ 43 seconds 👁 415
LPS RESIDENTIAL
LPS, INC. COMPANY VIDEO 19’
⏲ 2 minutes 25 seconds 👁 103
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