Marketing Mix Analysis (1,200 words) Analyse the current marketing mix of your product/service. Please note the below provides an overview of what to discuss within each variable. Product – discussion to include but not limited to quality, design, features, packaging, labelling, branding, PLC, product mix. Price – identify the current pricing strategies used. Consider psychological pricing, product line pricing, promotional pricing, competitive pricing etc. Place – identify the current distribution strategies – types of distribution strategies, intensity of distribution, vertical marketing systems Promotion – consider which promotional tools the company/product currently uses (i.e. advertising, e-marketing, social media, personal selling, PR, sales promotion etc) Physical Evidence – physical environment: atmosphere, lighting, décor, layout, store design etc. Process – processes involved in delivering the service/product People – staff and sales people that provide/deliver the customer experience |