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16334148
The Marketing Mix
Descrição
The marketing mix summarised in a mindmap. GCSE AQA
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business studies
aqa
gcse
marketing
marketing mix
product
price
place
promotion
business studies
gcse
Mapa Mental por
Paige Snowling
, atualizado more than 1 year ago
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Criado por
Paige Snowling
quase 6 anos atrás
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Resumo de Recurso
The Marketing Mix
4 p`s of marketing
There are four elements to marketing
Product
The firm must first identify customers` needs or wants. Then it needs to come up with a product that will fufill these wants or needs
Price
The price must be one that the customerthinks is good value for money
Promotion
The product must be promoted so that potential customers are aware that it exists
Place
The product must be sold in a place that customers find convenient. Place can also refer to the channel of distribution it is sold through
Depending on the situation some elements of the marketing mix may be more important than others
Customers needs and wants change over time
marketing is about coming up with a product that people need or want
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