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1. Outline and describe the 8 marketing mix concepts theoretically and apply the components to one of your products offerings. As

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  • Post Date 2020-03-27T11:20:17+00:00
  • Post Category Academic Papers

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1. Outline and describe the 8 marketing mix concepts theoretically and apply the components to one of your products offerings. As part of your application be sure to explain and evaluate all of the 8ps’ of marketing (product, prices, promotion, distribution, partnerships, people, processes and physical evidence).

In this paper, you are supposed to discuss the following points in your report:

  • The 8 marketing mix concepts theoretically, apply the elements to one of your products offering and assess 8ps’ of marketing.
  • Provide recommendations for your organisation on the competition and broader contemporary issues facing marketers today and state how these issues may impact your organisation and its marketing strategy.

Give all the required and relevant examples and provide appropriate references list.

Task

The final stage of the marketing audit is for you to evaluate how well the marketing mix of the organisation is performing for your chosen organisation. NB: as before, if you have a large range of product offerings, it is a good idea to focus on just one.

                        

 

Incorporating theoretical concepts into your discussion from chapters 7-14 and with the use of other theoretical sources and secondary research, please discuss the following:

 

1. Outline and describe the 8 marketing mix concepts theoretically and apply the components to one of your products offerings. As part of your application be sure to explain and evaluate all of the 8ps’ of marketing (product, prices, promotion, distribution, partnerships, people, processes and physical evidence).

 

2. Given your evaluation of your overall marketing strategies, the competition and broader contemporary issues facing marketers today, provide recommendations for your organisation. Your recommendations should focus on each of the 8ps and illustrate how contemporary issues may impact on your organisation and its marketing strategy.

 

For example, for this report, contemporary issues may include, but are not limited to, Corporate Social Responsibility, social media interactions, advances in technology, ethical concerns, environmental concerns and globalisation etc.

 

More information on how to complete this assessment will be provided on Interact 2

Online submission via Turnitin is required for this assignment. Details will be provided by your subject lecturer.

Rationale

This assessment assesses the following learning outcomes:

 

be able to apply the marketing mix and aspects of branding and positioning to a specific target market and be able to evaluate competitors` programs; and

be able to discover and evaluate how contemporary issues of environment, social media and other technology, society and Corporate Social Responsibility (CSR) might affect marketing.

Marking criteria

 

Presentation

Report format should be used for Assessment Four.

 

You need to include an executive summary for the fourth assessment, table of contents etc

 

Use an abbreviation of the questions as your section headings and sub- sections for each of the 8ps of marketing and each contemporary issue you are addressing in your report

 


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