The four PS of marketing.
In marketing there are factors that should be put into consideration for a marketer to do some great work out there in the markets. This are the factors that make it easier to connect with the customers. A marketer should be able to put all this factors together for their work to be a success. There are 4 Ps in marketing. They are product, place, price, promotion. This are the parts that a marketer and an organization’s executives should put focus on for what they offer to have better chances of surviving in the markets.
Product in the market mix refers to the goods or services that an organization provide to the market. The product should fulfill the existing customer demand or it should be so compelling that the customer believes that they really need to have it, thus creating a new demand for the product. Marketers need to understand the life cycle of a product and also know how to deal with the product at every stage of the cycle. Product life cycle has five stages which are development, introduction, growth, maturity and decline. Development stage is also known as “the valley of death” here the costs are accumulating with no corresponding revenue. Introduction stage is about developing a market for the product and building product awareness. Marketing costs are high at this stage as its necessary to reach out to potential customers. This is the stage where intellectual property rights protection is obtained. In growth stage the product has already gained a market share and customers have accepted it with companies striving to increase their market share. At the maturity stage the sales will level out with competition increasing thus the product’s features have to be enhanced to help it maintain its market share. Here the sales are high but the company is forced to reduce the prices of the product to help if remain competitive with it competing brands in the market and the production cost declines too. The last is the decline stage where the products revenue tend to decrease due to market saturation, high competition and the change in customer needs. At this stage the company has options, it can discontinue the product, sell the production rights to another company that can better the product by adding its value, find new uses for the product or tap into new markets through exporting. This is the stage where packaging is changed and announced “new and improved”.
Price is the cost that the customer pays for a product. Marketers must link the price to the product’s real or perceived value and also consider the supply cost, seasonal discounts and competitors’ prices. However, luxury goods and services have their prices higher to make them standout as luxury products. The marketers can also lower the prices of products to attract more customers. The marketers should determine when to discount and if to discount a product, discounts draw in more customers raising the sales of a product. This discounting can also give the impression that the product is less exclusive or less of a luxury compared to when the price is higher. For luxury and exclusive products their prices should always stay high enough to attract their intended customers.
Place is where a product is to be sold. A company should make decisions regarding place trying to determine where to sell a product [goods or services] and how to deliver the product to the market. A company can decide on placing the product in certain stores or specific store display. Placement may refer to including the product on television shows, in films or web pages (advertisements) to attract attention to the product giving it a bigger market share.
Promotion includes advertising, public relation (PR) and discounting. Promotional strategy with the goal of revealing to customers why they should buy the product (goods or services) and why they should pay a certain price for them to have the product. Promotions of products should be seasonal, thus give the product providers have the controlling power over their products and also help the organization be in profit making state most of the time. Thus the organization have the ability and stability to stay afloat in the market for a longer period. It also gives the organization the chance to grow in terms of market coverage at a given period of time.
There are four marketing mix that are key considerations to markers. This are the guidelines to a strategic and strong marketing structure, the organization’s executives should put the product, place, price and promotion key factors as they set a marketing team in place. Take some time and look at the marketing structure of an organization you admire how it places its products in the market and find out the core factors they consider while doing their marketing.
Are you a high school, college, or university student pursuing a diploma, bachelors, master’s, or Ph.D. degree? Sometimes, assignments and life can overwhelm you.
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
That is where we step in. Whichever your reason may is, it is valid! With our student assignment help service, you can submit all your assignment on time and score superb grades. You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Our academic writers are graduates with bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an academic writer with our assignment help service is to have a college bachelors degree. When assigning your order, we match the paper subject with the writers area of specialization.
We offer student assignment help on various subjects. These include:
You fill all the paper instructions in the order form. Make sure you include all helpful materials so that our academic writers can deliver a perfect paper. It will also help to avoid unnecessary revisions. At this point, you can attach files that are provided for the assignment. We usually insist a lot on the client uploading the grading rubric if it is available. The writers adhere to the highest level of the rubric to ensure that you get a perfect grade.
Proceed to securely pay for the paper so that we can assign the paper to one of our expert academic writers. The paper subject is matched with the writers area of specialization.
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer.
The paper is uploaded to your personal account and sent to your email. You also get a plagiarism report attached to your paper.
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
There is a very low likelihood that you won’t like the paper.
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A PERFECT SCORE!!!
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more