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Understanding the Marketing mix
Essay specific features
Written by:
Richard J
Date added:
November 18, 2015
Level:
University
Grade:
A
No of pages / words:
5 / 1395
Was viewed:
5226 times
Rating of current essay:
Essay content:
At eachstage a slightly different mix isappropriate ¬ see the What youneed to know« section of thismaterial for more information.5. Analyse the profitability of eachproduct/service you offer. For moreinformation on calculating this, takea look at the 10-minute 80/20 Rule.Which products/services make thebiggest contribution or provide thehighest profitability? What supportservices do you offer with eachproduct? Could it be improved,adding value with little cost?PlacePlace« is the means of distribution you select depending on the type ofproduct or service you are marketing...
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Are the customers for your products and services consumers orbusinesses? If they are consumersyou will have three main options ¬— Selling to wholesalers who willsell to retail outlets who will sellon to the consumer— Selling direct to retail outlets— Selling direct to the customerIf your customers are businesses youwill probably sell to them directthrough your own sales force...
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