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Marketing

Marketing. … the strategy of bringing consumers and products together… …from product development to product delivery. Marketing is…. The Marketing Mix. The marketing mix is the combination of PRODUCT , PRICE , PLACE and PROMOTION (the 4 Ps) chosen to satisfy buyers. Market Segmentation.

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Marketing

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  1. Marketing

  2. … the strategy of bringing consumers and products together… …from product development to product delivery. Marketing is…

  3. The Marketing Mix The marketing mix is the combination of PRODUCT, PRICE, PLACE and PROMOTION (the 4 Ps) chosen to satisfy buyers.

  4. Market Segmentation Companies segment buyers into groups to define what they respond to… … so they can target them effectively and increase sales.

  5. 4 Ps: Pricing Strategies

  6. 4 Ps: Pricing Strategies • High Pricing • Contributing Pricing • Demand-based Pricing • Skimming Pricing • Competitive Pricing • Low Pricing • Penetration Pricing • Competitive Pricing • Promotional Pricing

  7. 4 Ps: Place

  8. 4 Ps: Place The Channel of distribution… …the way it is sold. The Method of Distribution… …how it gets there.

  9. 4 Ps: Promotion

  10. 4 Ps: Promotion Promotion is maximising sales by raising product awareness and encouraging consumers to buy it. Informative advertising… …simply gives consumers facts. Persuasiveadvertising… …focuses on unique selling points.

  11. Methods of Advertising • Broadcast (TV, Radio, Internet) • Print (Newspapers, Magazines) • Outdoor (Billboards, Posters, Buses)

  12. PromotionalActivities… Encourage buyers to buy with a special offer. Main methods include: • Vouchers, Special Offers, Discounts and Free Gifts.

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