Marketing mix assignment

Marketing mix assignment Words: 374

The marketing mix is a business tool used in marketing and by marketers . The marketing mix is often crucial when determining a product or brand’s offer, and is often associated with the four Up’s: price, product, promotion, and place. [l] In service marketing, however, the four As are expanded to the seven Up’s [2] or eight Up’s to address the different nature of services.

In the sass’s, the concept of four Co’s was introduced as a more customer-driven replacement of four Up’s. [3] There are two horses based on four CSS: Alternator’s four CSS (consumer, cost, communication, convenience), and Summit’s four CSS (commodity, cost, communication, channel). In 2012, a new four Up’s theory was proposed with people, processes, programs, and performance. 4] Contents [hide] 1 History 2 McCarthy four As 3 Alternator’s four CSS 4 Four CSS: In the ACS Compass Model 5 See also 6 References History[idle] In his paper “The Concept of the Marketing Mix”, Neil Borden reconstructed the history of the term “marketing mix” He started teaching the term after an associate, James Scullion, described the role of the marketing manager in 1948 as a “mixer of ingredients”; one who sometimes follows recipes prepared by others, sometimes prepares his own recipe as he goes along, sometimes adapts a recipe from immediately available ingredients, and at other times invents new ingredients no one else has tried. 7] McCarthy four As[edit] The marketer E. Jerome McCarthy proposed a four As classification In 1960, which has since been used by marketers throughout the world. [3] Category Definition Product A product Is seen as an Item that satisfies what a consumer demands. It Is a tangible good or an intangible service-Tangible products are those that have an independent physical existence. Typical examples of mass-produced, tangible objects are the motor car and the disposable razor.

Hire a custom writer who has experience.
It's time for you to submit amazing papers!


order now

A less obvious but ubiquitous mass- produced service is a computer operating system. Every product is subject to a life- cycle including a growth phase followed by a maturity phase and finally an eventual period of decline as sales falls. Marketers must do careful research on how long the life cycle of the product they are marketing is likely to be and focus their attention on different challenges that arise as the product move.