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The Marketing Mix. A Case Study. Product. BMW manufactures high-quality automobiles which come A variety of styles and designs from cars, SUVs , convertibles and motorcycles
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The Marketing Mix A Case Study
Product • BMW manufactures high-quality automobiles which come • A variety of styles and designs from cars, SUVs, convertibles and motorcycles • The sleek design and sporty appearance of all BMW vehicles has allowed the brand to build an excellent reputation for itself in the luxury car industry
Price • The price of BMWs is on the higher end which is consistent with its positioning as a high quality brand offering cars with superior performance • BMW does not offer large discounts on their vehicles because this strategy would go against their higher price point and positioning for the elite. • If an average person could buy a BMW due to allowances or other large deals, that would take away from the brand’s value.
Promotion • BMW print advertisements like this one appear in sophisticated lifestyle and business magazines in order to capture their more affluent target market. • Since performance is another key aspect, BMW sponsors professional race cars, is promoted at racing events and in other driving publications.
Place • BMW vehicles are only sold through BMW dealers or other luxury car dealerships which also offer high-end brands such as Mercedes, Porsche, Audi (not brands like Honda for example). • The exclusivity of retailers adds value to this elite brand, emphasizing it’s only for those who desire an “ultimate driving machine.”