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Marketing Mix - 7Ps
Marketing Mix - 7Ps
Mix (7P’S)
MARKETING MIX
• set of controllable and connected
variables
• gather to satisfy a customer
• better than its competitor
• “Ps” in marketing
• from 4Ps to 7P’s
MARKETING MIX
4P’S
product, place, price and promotion
7P’S
product, place, price, promotion,
people, packaging and positioning
PRODUCT
Marketers can’t plan a distribution system
or set a price if they don’t know exactly
what the product will be offered to the
market.
PRODUCT
refers to any goods or services that are produced to meet
the consumers’ wants, tastes and preferences
PRODUCT
refers to any goods or services that are produced to meet
the consumers’ wants, tastes and preferences
PLACE
represents the location where the buyer and seller
exchange goods or services
distribution channel
PLACE
Stages of Distribution Channel
PRICE
• the value of money in exchange for a product or service
• is the amount or value that a customer gives up to enjoy
the benefits of having or using a product or service
PRICE
Penetration Pricing